Redding Bank of Commerce has a long history of investing in the communities where our customers and employees live and work. Taking action to improve the well-being of others is a community responsibility and commitment we have upheld since our inception. We recognize that our continued success is contingent upon the health and vitality of our local communities.
Our Community Commitment
- Positively impact the communities in which we live and operate
- Give back with financial contributions, volunteer time, and other resources
- Provide leadership and financial solutions to help our clients and communities prosper
Our primary goal is to support community development activities under the Community Reinvestment Act (CRA). Redding Bank of Commerce gives back by investing, lending, providing donations and sponsorships, and volunteering in the communities we do business. Preference is given to activities that support affordable housing initiatives, promote economic development, community services, and revitalize or stabilize communities. Consideration will be given to other local programs providing essential services to improve the quality of life.
At Redding Bank of Commerce, investing in our communities includes working with the Federal Home Loan Bank of San Francisco, purchasing low-income housing tax credits (LIHTC) and local school district bonds, and participating in equity funds designed to meet the needs of communities in our service area. We continually review opportunities to deploy capital which can lead to successful economic development, job creation, and affordable housing projects.
Donations & Sponsorships
Through partnering with community-based organizations and Community Development Financial Institutions (CDFI’s), we can address the immediate and long-term needs of the communities we do business in by providing capital for economic development for small business start-ups, financial education, and essential services to disadvantaged residents of our communities.
We value the opportunity to work with you to align our resources with your organizational needs. To submit a request for a Donation or Sponsorship, please send a completed Community Support Application, along with the required documentation, to Communityoutreach@reddingbankofcommerce.com
In response to the Carr Fire, Redding Bank of Commerce donated $50,000 to boost the Shasta Regional Community Foundation’s Community Disaster Relief Fund. “We are saddened by the magnitude and destruction of the Carr Fire,” stated Randall S. Eslick, President and Chief Executive Officer. “A number of our employees and their families have been impacted by evacuations and the loss of their homes. We are fully committed to assisting our employees and community recover and heal from this horrific fire. With our long history as a partner of the Community Foundation, the Bank is confident in it as a trusted steward of our community’s charitable donations and thoughtful investments in the Carr Fire recovery over time.”
We strongly challenge the community and our other partners to make a donation today at http://www.shastarcf.org/funds/cdrf
or checks may also be sent directly to the Community Foundation at 1335 Arboretum Drive, Redding, CA 96003 or you may call (530) 244-1219. Be sure to note #RBCmatch in the notes section as you enter your donation online or directly on your donation check.
Employee Volunteer Activities
We take pride in having our employees, management, and directors actively involved in all the communities that we serve. We have provided countless volunteer hours serving on boards, teaching financial education classes, participating in fundraising events and awareness activities, and supporting numerous local causes.
Financial Tools & Resources:
At Redding Bank of Commerce, being your bank is a lot more than a place to keep your money. It’s helping you be smarter about your finances. Below are resources we have hand-picked that will help you better manage and understand your finances.
- FDIC – The Learning Bank - The FDIC’s webpage for Students, Teachers and Parents.
- MyMoney.gov - The official federal government site for financial literacy and education.
- MyBOC - For people 14-23 – or anyone wanting a solid foundation to their financial life - MyBOC is a program dedicated to providing a smarter start to banking.
- The Centsables - When it comes to teaching kids about money, you can trust The Centsables to lead the way.
- Jump$tart's Reality Check - This tool will show you an estimated income you will need in order to live the lifestyle you want.