Sumitomo Bank contributes $25,000 to the National Hispanic University's Endowment Fund.
SAN FRANCISCO--(BUSINESS WIRE)--June 23, 1997--Sumitomo Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
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Founded in 1981 for Hispanic and other minority students, NHU NHU Natural History Unit (BBC)
NHU Network Hub Unit began a campaign eighteen months ago to raise $250,000 to establish an endowment fund. By meeting their goal, the school would qualify for a $500,000 matching Endowment Challenge Grant from the U.S. Department of Education. With only days to go before their May 30th deadline, the University was still $25,000 short of their goal.
A last minute donation request was made to Sumitomo Bank of California. "We worked hard on this campaign, right until the eleventh hour," said Dr. B. Roberto Cruz, President of the University. "We were $25,000 short of our goal, and Sumitomo Bank of California stepped in with their pledge to help put us over the top. We are tremendously grateful to them."
"We believe that all students in California deserve every opportunity for a good education so they can successfully compete in today's global marketplace," remarked Tsuneo Onda, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sumitomo Bank of California, who presented the check to Dr. Cruz. Mary Salinas Salinas, city, United States
Salinas (səlē`nəs), city (1990 pop. 108,777), seat of Monterey co., W Calif.; inc. 1874. It is the shipping and processing center of a fertile valley famous for its grain and lettuce. Dursn, Senior Vice President and Manager of the Bank's Community Development Department, added, "We are pleased that we were able to assist the National Hispanic University The National Hispanic University, is a small, private university located in East San Jose, California. The university was founded in 1981 in Oakland, California. In 1990 the university opened a San Jose campus and moved to a larger facility in Oakland, and in 1994 closed both meet its fundraising challenge and as the sixth largest bank in the State, we feel that reaching out to the Latino community is critical to our long-term success."
Headquartered in San Francisco, Sumitomo Bank of California ranks sixth largest in California with $5.1 billion in assets, and operates 47 branches throughout the State.
CONTACT: Sumitomo Bank
Yukio Kitagawa, 415/445-3824