Pinnacle Bank Partners with FHLBank San Francisco to Award $100,000 to Veterans Transition Center of California

SALINAS, Calif.--(BUSINESS WIRE)--Pinnacle Bank, in collaboration with the Federal Home Loan Bank of San Francisco, will deliver a $100,000 AHEAD Program grant to the Veterans Transition Center of California, based in Marina. Pinnacle Bank applied for the grant in partnership with Veterans Transition Center of California (VTC). After a competitive selection process, VTC was awarded the AHEAD Program grant to help fund the organization's "From Service to Success" program.

Since 1996, Veterans Transition Center of California, housed in the historic Fort Ord campus in Marina, California, has empowered Veterans to build stable, independent futures through housing, workforce development, wellness, and whole-person support. The nonprofit agency believes every Veteran deserves the opportunity to thrive, and it works alongside each individual to create lasting pathways toward independence, purpose, and community.

"Pinnacle Bank is so proud to provide this significant grant to the Veterans Transition Center of California," stated Jeffrey D. Payne, President and Chief Executive Officer of Pinnacle Bank. "VTC knows the importance of keeping loved ones together—and that includes Veterans, family members, and pets. This grant will help those who have sacrificed to serve our country keep the companions they love as they rebuild their lives together."

AHEAD grants enable FHLBank San Francisco members like Pinnacle Bank to give a critical boost to local economic development programs and projects that directly address pressing needs in low- to moderate income communities.

“AHEAD grants support local organizations that provide job training, support small businesses, and open pathways to economic opportunity — work that can change lives and strengthen communities,” said Tom Dapice, senior vice president and community investment officer of FHLBank San Francisco. “We are proud to partner with our members to support innovative economic development initiatives that have a lasting local impact.”

For those interested in applying for the AHEAD Program in future funding cycles, please contact Pinnacle Bank or visit the FHLBank San Francisco website to learn more.

About Pinnacle Bank

Pinnacle Bank is a full-service community business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito, and Monterey counties. The bank focuses on commercial banking services for small to medium-sized businesses, offering a variety of products and services that combine the best of personal touch with convenient technology-based client service. Pinnacle Bank has locations in Morgan Hill, Gilroy, Salinas and Campbell. For more information, visit www.pinnacle.bank.

About Veterans Transition Center of California

Since 1996, Veterans Transition Center of California has empowered Veterans to build stable, independent futures through housing, workforce development, wellness, and whole-person support. We believe every Veteran deserves the opportunity to thrive, and we work alongside each individual to create lasting pathways toward independence, purpose, and community. Learn more at vtcofcalifornia.org.

About the Federal Home Loan Bank of San Francisco

The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient. For more information, visit fhlbsf.com.