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.
The U.S. Small Business Administration recognized CRA Officer, Gary Dunn with the SBA Financial Services Champion Award. The award was in honor of his leadership and continued work as an advocate for financial services to the underserved population of Southern California. This was the first time that a banker received this award.
CRA Officer, Gary Dunn received the Affordable Housing Clearinghouse Cornerstone Award for his personal committment and dedication to the Mission of providing affordable housing for low and moderate income individuals and families in Southern California.
The Neighbor Works National Organization recognized CapitalSource Bank with its NHSOC Regional Community Service Award. This award was provided for outstanding leadership, dedication and going beyond what is expected.
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.
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.
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.
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.
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.
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CapitalSource Bank, the banking subsidiary of CapitalSource Inc., received an overall rating of "Outstanding"—the highest rating possible—on its Community Reinvestment Act (CRA) performance evaluation from the FDIC.
2010 Bank Enterprise Award; on September 30, 2010, CapitalSource Bank received the 2010 Bank Enterprise Award, a recognition by the U.S. Treasury for our investments in low income and economically distressed communities. Read more.