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NAAC presented with an FHLBank San Francisco-matched grant by Mechanics Bank

Fred Lambright (left), senior vice president and community development/CRA officer for Mechanics Bank, presents a check to NAAC founder and CEO Faith Bautista (right) at the NAAC’s Daly City office recently.

DALY CITY – True to its commitment, Mechanics Bank recently presented The National Asian American Coalition (NAAC) with two checks of $5,000 for a total of $10,000.

The NAAC has been serving the low-to-moderate income communities across the State of California for almost 17 years, increasing sustainable homeownership and providing technical assistance to small businesses. More than ever, NAAC’s essential financial literacy, job creation and microlending services after extensive health-related lockdowns require the support of corporate and governmental funding.

“NAAC has been in the forefront helping people of color. Between the COVID-19 health crisis and the increasing Asian hate outrage, Mechanics Bank has moved in even closer as banking support partners assisting micro to small business owners, homeowners and renters,” said Faith Bautista, NAAC’s founder and CEO.

Mechanics Bank recently presented the National Asian Amerian Coalition with a check donation to assist the NAAC in its continuing effort to help underserved communities with its programs. At the check presentation are (from left) Joel Tabang, Mechanics Bank SVP and community development/CRA officer Fred Lambright, Victoria Young, NAAC founder & CEO Faith Bautista and Elizabeth Tionloc.

Mechanics Bank doubled its donation through its membership in FHLBank San Francisco, a cooperative of local banks designed to keep money flowing to consumers and businesses.

“We are pleased to support the NAAC in recognition of its continued efforts to deliver on the economic development and lending needs of underserved communities where we live and work,” said Fred Lambright, Senior Vice President and Community Development/CRA Officer for Mechanics Bank.

The National Asian American Coalition is a HUD-approved 501(c)(3) nonprofit housing counseling organization and a US Department of the Treasury-certified Community Development Financial Institution (CDFI). Since its inception in 2004, the NAAC has
advocated for and has provided essential services such as housing counseling, microlending, and alternative financing to Asian Americans and other minority and low-income communities.

For more information: https//www.naac.org.

Asian Journal Media Center
Asian Journal Media Center

The Asian Journal Media Center curates information disseminated from both the public and private sector throughout the World. The media center publishes a collection of the World’s most newsworthy topics set forth by our editorial board. Stories that our team of journalists believes are critical, vital, and entertaining information that aspires to help the Global Filipino community make well-informed decisions, opinions, and actions. Our Media Center believes that a well-informed and well-rounded society is a thriving society.

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