Circle Bank Publishes
Corporate Social Responsibility Report
Comprehensive Look at
North Bay Bankĺs
Community Commitment, Practices
Novato, CAŚMay 31, 2011
Circle Bank today announced the publication of a Corporate Social Responsibility report, covering its community activities and practices.
The Bank believes that it is the only North Bay region community-based financial institution to comprehensively report its activities, statistics and commitment to social responsibility.
“While it is a time-consuming process to compile the information,” said Kim Kaselionis, CEO/president, “we believe that it provides an important look at how we do business and what we stand for. As community bankers and as a local business, we believe that our customers have the right to know how we operate and the degree to which we fulfill our obligations.”
The 32-page report, compiled under the direction of Circle Bank senior vice president Alan Gaul, provides information for 2010 about employment, contributions, community activities and polices and procedures which relate to governance and regulatory requirements.
“We reviewed reports issued by much larger, global institutions,” Gaul said, “to make sure that we understood what should be reported and to make sure that we covered a broad range of ‘reporting categories.’”
The report is available online at https://www.umpquabank.com/pdfs/CSR_2011.pdf.
The Bank said it would publish the report annually in the future.
About Circle Bank
Circle Bank (www.umpquabank.com), a wholly-owned subsidiary of Circle Bancorp, is a full-service bank, providing a broad range of financial services to consumers and businesses. It is headquartered in Novato, with branches in Corte Madera, Petaluma, San Rafael, Santa Rosa and San Francisco’s Noe Valley. The Bank had total net assets of $304.6 million as of the quarter ending March 31, 2011.
Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “plans,” “may increase,” “may fluctuate,” “may result in,” “are projected,” and similar expressions. The Bank’s actual results may differ materially from those included in the forward-looking statements. These forward-looking statements involve risks and uncertainties including, but not limited to, the economic, business, and real estate market conditions in the Bank’s market areas, the interest rate environment, competition, regulatory and legislative actions, the possibility that the Bank will not be successful in achieving its strategic objectives, the performance and contributions of employees and directors, and other factors. The Bank does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.