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ICBA recognizes Golden Valley Bank for its immediate and impactful response to the most destructive wildfire in California history. Golden Valley Bank Community Foundation’s fire-relief effort raised more than $13 million and distributed $4 million to Chico/Paradise-area wildfire survivors, nonprofits and other agencies for direct relief and dozens of local projects. In the midst of the raging fires, the bank extended its hours of operation to answer calls and help the 30,000 people evacuating Paradise to get funds.
The day after the fire began, the bank went one step further. It donated $50,000 to the Golden Valley Bank Community Foundation to lead the community’s recovery efforts and secured additional funding from 40 local partners support relief efforts. The bank waived no administration fees, allowing 100 percent of donations to go straight to fire relief. Before long, they had 40 partners on board.
Bank employees dedicated hundreds—possibly thousands—of hours to fundraising, accounting and awarding grants since the fire.
ICBA recognizes Community Financial Services Bank (CFSB) for its Financial Wellness and Coaching initiative, which is helping to support systemic financial literacy in Kentucky. When the bank realized that Kentucky received disappointing grades in financial literacy, it sprung to action.
Through CFSB’s collaboration with Ramsey Solutions and the Kentucky Financial Literacy Initiative, the $1.2 billion-asset bank has provided one-on-one coaching to 100 individuals and additional training to 5,000 individuals through sponsored school curriculum and workshops.
CFSB also helped garner support for Kentucky House Bill 132, which was signed into law last April and incorporates financial literacy principles into state-mandated graduation requirements.
Somerset Trust received honors for its Champion of First Responders program, which provides funding in support of local volunteer fire departments and EMS organizations.
The bank also honors the service and sacrifice of these brave individuals through various events, along with social media outreach. The $1.3 billion-asset bank makes annual donations to 60 local fire departments in excess of $35,000 and boasts an 80 percent employee volunteer rate.
United Bank, Atmore, Ala.
Service Program: United Bank’s Voluntary Income Tax Assistance (VITA)
1st Bank Yuma, Yuma, Ariz.
Service Program: Kinder to College Financial Initiative
Profinium, Mankato, Minn.
Service Program: Achieving Dreams Together
First State Bank of Purdy, Monett, Mo.
Service Program: First on Front
Sandy Spring Bank, Olney, Md.
Service Program: #SSB150 / Sandy Spring Foundation
Royal Bank, Elroy, Wis.
Service Program: 2018 Flood Relief