Bridge Bank Announces $240,000 Donation to Support Northern California Communities Impacted by COVID-19
May 11, 2020
Part of $2 Million Contribution from Parent Company Western Alliance Bank
Bridge Bank today announced it is committing $240,000 to help mitigate the impact of the COVID-19 global pandemic on local communities across Northern California and strengthen those communities as they work to emerge from the crisis.
Significant funds from Bridge Bank’s contribution will be directed to Stanford Medical Center’s COVID-19 Clinical Care Fund, which will go toward increasing care capacity, creating a safer environment, and supporting healthcare providers and related staff to ensure they can effectively assist affected patients. Other monies within Bridge Bank’s $240,000 donation are earmarked for a variety of community support organizations in the Bay Area.
The Bridge Bank donation is part of an overall contribution of $2 million from Western Alliance Bancorporation (NYSE:WAL), the parent company of Bridge Bank, for organizations in California, Arizona and Nevada. The bank’s commitment includes longer-term efforts to strengthen communities and create opportunities for low- and moderate-income families, such as programs to prevent homelessness, provide continuum of care, and bolster affordable housing and economic development.
“The people of Bridge Bank care about our Bay Area communities, and we want to help support effective organizations that are making a difference right now, as well as longer-term efforts to build local resources and economic resilience,” said Dan Myers, Chief Executive Officer, Bridge Bank.
“Our communities face unprecedented health and economic challenges from the coronavirus,” said Kenneth Vecchione, President and Chief Executive Officer of Western Alliance Bank. “We are a people-first organization, and that we are able to help others – from firefighters and front-line healthcare workers to small businesses and hungry families who need support right now – is meaningful to all of us.”
Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored commercial banking solutions, as well as specialized expertise focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. Bridge Bank is part of Western Alliance Bancorporation, which has more than $70 billion in assets. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. As a regional bank with significant national capabilities, Bridge Bank delivers the reach, resources and local market expertise that make a difference for customers.