Business Services Industry
San Diego-Based Bank Awarded $612,000 from U.S. Treasury Department.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, October, 2000 by Gaut, Stephen
Oct. 7--Officials with San Diego-based California Bank & Trust said Friday that the bank had been awarded $612,000 by the U.S. Treasury Department to support the bank's efforts to provide "full-service banking in distressed communities."
The bank is considering opening a branch in East Palo Alto and is reviewing sites for a branch in San Diego and at least one other community in need of a local bank, officials said. The bank's first venture into "underserved markets" was the opening of a full-service branch in Oakland's Temescal business district in September. The branch, officials said, was the first new branch to open in the north Oakland neighborhood in 20 years.
The treasury department program under which the funds were received provides...
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