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The Sunwest Bank Foundation
TUSTIN, Calif., (March 8, 2010) - The Board of Directors of Sunwest Bank (the “Bank”) announced today that it established The Sunwest Bank Foundation (the “Foundation”). The Foundation was formed to foster charitable giving and support worthy charitable endeavors within the Bank’s community as well as throughout the United States and other areas of the world in need of humanitarian and economic support. The Bank’s Board of Directors authorized an initial contribution of $2 million to the Foundation at the end of the year 2009.
Eric Hovde, Chairman of the Board of the Bank, stated that, "2009 marked one of the most successful years in Sunwest Bank’s history. It seems only fitting and appropriate, therefore, that Sunwest Bank should establish The Foundation as a mechanism to share its success and to make concrete an affirmation of our dedication to provide charitable support within the Bank’s community and in other areas where there is a need for humanitarian and economic support."
The Foundation will operate exclusively for charitable, religious, educational and scientific purposes as permitted by Section 501(c)(3) of the Internal Revenue Code by providing support to organizations which qualify as exempt organizations under Section 501(c)(3).
For more information contact our President, Chris Walsh, at 714-730-4454.
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