OneWest Bank Establishes $10M Foundation

Pasadena, Calif.-based OneWest Bank FSB has created the OneWest Foundation, a new nonprofit public benefit corporation funded with a $10 million contribution from OneWest Bank. The foundation is being established to actively invest in the communities in which the bank operates its branch network.

‘We are very committed to supporting the communities in meaningful ways through our charitable efforts, including significant contributions from our employees in community service activities,’ says Steven Mnuchin, chairman of OneWest Bank. "Especially in these difficult economic times, we are very focused on helping to support programs that will have a meaningful impact in the community."

The provision of affordable housing, healthcare, education and financial literacy are top priorities for the foundation, OneWest Bank says. The OneWest Foundation will also be headquartered in Pasadena.

The OneWest Foundation will also be headquartered in Pasadena and will begin making grants in 2010.

SOURCE: OneWest Bank

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