Community Reinvestment

CapitalSource Bank embraces its role in serving and strengthening our communities. As such, the Bank vigorously promotes a robust Community Reinvestment Act (CRA) program of development lending, investment activity, and community services within its local neighborhoods.

Recent Program Highlights

October 2010

CapitalSource Bank Recognized by the U.S. Treasury Department
for Local Community Investments

CapitalSource Bank, is one of 69 depository institutions nationally to receive recognition by the U.S. Treasury for its investment in low income and economically distressed communities served by its Southern and Central California branches. Only eight other California institutions received an award from the Community Development Financial Institutions Fund. CapitalSource Bank was awarded the top grant amount of $600,000.

March 2010
The California State Legislature presented CapitalSource Bank with a Certificate of Recognition for helping to launch and maintain the Elder Financial Protection Network (EFPN). The Bank was recognized for its dedication and commitment to preventing the State's elder community from being financially abused and exploited. The EFPN previously recognized CRA Officer, Gary Dunn with the Founding Partner Award for dedication to the prevention on elder abuse.

March 2010
CRA Officer, Gary Dunn and CapitalSource Bank received the 2010 Good Neighbor Award from the Neighborhood Housing Services of Orange County. The award was given for outstanding dedication and innovation in providing housing solutions for working families in Orange County.

September 2009
CRA Officer, Gary Dunn was honored at the 2009 Call to Action event hosted by the Elder Financial Protection Network (EFPN). He received the Visionary Leadership Award in recognition of his leading the EFPN mission and years of service as a board member. The event brought together hundred of professionals in Southern California to share ideas and best practices on how to fight the financial abuse and exploitation of elders.

August 2009
CapitalSource Bank donated 118 computers to five non-profit organizations.   Several were donated to an affordable housing provider and are now in large apartment complexes throughout the state.   Another 40 of these computers are now in the home of those who could not otherwise afford one.   The remaining computers are being used by three non-profit organizations for administrative use.