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American Business Bank Awards Weingart Center AHEAD Program Grant

November 19, 2018

LOS ANGELES--(BUSINESS WIRE)--Nov 19, 2018--American Business Bank announces the award of a $20,000 Access to Housing and Economic Assistance Development (AHEAD) grant to the Weingart Center Association’s Workforce Development Program.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181119005128/en/

The Workforce Development program provides job coaching and essential job skills training for unskilled transient individuals seeking to reenter the workforce.

The grant is part of a $1.5 million disbursement of AHEAD funds that have been awarded through 31 Bank members to 54 innovative economic development projects and housing in Arizona, California and Nevada.

“The Workforce Development program is among the best of its kind, in terms of helping homeless individuals acquire the necessary skills to become productive members of society. We are proud to support the program and the Center’s broader mission to end homelessness,” said Patti Vollmer, Executive Vice President and Chief Credit Officer for the Bank. “We are honored to have had a long term relationship with the Weingart Center.”

American Business Bank provides a full spectrum of financial solutions for businesses and has specialists to help businesses manage cash flow, financial growth and consult with business owners on major projects or issues.

“We are honored to have been named a grant recipient and grateful for our continuing partnership with the Bank, which has long supported the Center’s mission to combat poverty and break the cycle of homelessness,” said Sen. Kevin Murray, President and CEO of the Weingart Center.

Since the AHEAD program began in 2004, over $13 million in grants have been awarded to 459 nonprofit projects and programs supporting a variety of innovative economic and community development initiatives. Funding for the program is determined by Board of Directors of the Federal Home Loan Bank of San Francisco.

AMERICAN BUSINESS BANK headquartered in downtown Los Angeles, offers a wide range of financial services to the business marketplace. Clients include wholesalers, manufacturers, service businesses, professionals and nonprofits.

THE WEINGART CENTER is a nonprofit service provider committed to empowering and transforming lives by delivering innovative solutions to combat poverty and break the cycle of homelessness.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005128/en/

CONTACT: Weingart Center

Alex Baker, 323-868-6777

www.weingart.org

or

American Business Bank

Karen Schoenbaum, 213-430-4000

EVP/CFO

www.americanbusinessbank.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS

SOURCE: American Business Bank

Copyright Business Wire 2018.

PUB: 11/19/2018 09:05 AM/DISC: 11/19/2018 09:05 AM

http://www.businesswire.com/news/home/20181119005128/en

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