FirstBank honored by the prestigious Martin Luther King, Jr.

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LAKEWOOD, Colo., Feb. 07, 2022 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest private banks focused on “banking for good,” was recently honored at the Martin Luther King, Jr. Business Awards for its commitment to empowering diverse communities. The award recognizes individuals or organizations who have made outstanding contributions to the community in honor and memory of Dr. Martin Luther King, Jr.

The Asian Chamber of Commerce nominated FirstBank for the award, citing the organization’s work to help eliminate economic and social disparities through various grant programs, charitable contributions and affordable housing initiatives.

“FirstBank has always been guided by our core philosophy of doing what’s right for customers, communities and employees, and we believe embracing our differences only makes us stronger,” said Tony Oum. , Executive Vice President of Multicultural Banking at FirstBank. “Our work in the community has shown us time and time again that inclusion is one of our most powerful assets. We are deeply honored to be recognized for this award and will continue to work for a more equitable world inside and outside of our organization.

Among the reasons FirstBank was recognized: It established Colorado’s first Multicultural Banking Center (MBC) in 2020. The MBC joined the organization’s Spanish and Asian banking centers, where customers can receive financial services with an understanding of their culture and in their preferred language, including: Spanish, Mandarin, Cantonese, Vietnamese, Korean and Ethiopian dialects. The MBC also offers financial education courses, community collaboration opportunities, and homeownership tools.

Additionally, FirstBank provided $1.4 billion in SBA Paycheck Protection Program (PPP) loans to 14,000 businesses, saving about 110,000 jobs. This included helping minority-owned businesses disproportionately affected by the pandemic. For example, he partnered with the Gates Family Foundation to provide $25 million in financial relief to veterans, women-owned businesses, and businesses of color, and worked with the Asian, Hispanic, Black/Black Chambers. to help members access PPP funding.

The bank has also disbursed nearly $75 million to nonprofits since 2000, including many diversity, equity and inclusion (DEI) organizations, and introduced several housing initiatives. affordable and grant programs for people of color.

With more than half of its leadership positions held by women and 40% of employees representing minority races, ethnicities, military or ability status, FirstBank is also deeply committed to inclusivity within its organization, which represents a pillar of its brand and its long-term strategy. .

To learn more about FirstBank’s commitment to diversity, equity and inclusion, visit https://efirstbank.com/about-firstbank/diversity.htm.

About FirstBank

FirstBank began providing banking services in 1963. Today, it is known as a leader in the digital banking industry and has grown to become one of the largest private banks in the United States, retaining more than $25 billion of assets and 110 branches in Colorado, Arizona and California. FirstBank offers a variety of consumer deposit accounts, home equity loans, mortgages, rental real estate loans and a full range of commercial banking services, including business finance, commercial real estate loans, cash management and more. Since 2000, FirstBank has been recognized as one of the top corporate philanthropists, contributing nearly $75 million and thousands of volunteer hours to charities. The company is also unique in that a large portion of its stock is owned by management and employees, giving employees a financial stake in the bank’s success through its employee share ownership program.

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Media Contact:
Chandra Brin
FirstBank
303-235-1402
[email protected]

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