A 140-year-old congregation in downtown Oakland needed to seismically retrofit their sanctuary. The Sanctuary, built in 1891, had withstood subsequent earthquakes but was clearly a potential hazard to all who entered there. The church’s existing bank, a major bank, declined a loan request because "we don't do church loans because of possible negative publicity." Three other banks turned down the loan request because the economic downtown made reliance on annual members' pledges appear to be an undue risk.
The chosen local general contractor referred the distressed church's request to Community Bank of the Bay because of its experience in faith-based lending. The church applied to Community Bank of the Bay and was granted a loan. As a community bank, Community Bank of the Bay supports its community with its Oakland 1st Fund®. The Oakland 1st Fund® gathers deposits and uses them to finance projects in Oakland. Community Bank of the Bay believes in supporting the organizations that provide the backbone of the community.
Churches are the heart and soul of the Oakland community. Giving back to the community is the heart and soul of Community Bank of the Bay.