REDDING, Calif., June 7, 2011 /PRNewswire/ -- Redding Bank of Commerce is very pleased to provide Habitat for Humanity Shasta Cascade an Affordable Housing Program ("AHP") grant of $15,000 through the Federal Home Loan Bank of San Francisco.
Habitat for Humanity Shasta Cascade is an ecumenical Christian ministry dedicated to building affordable housing for low-income people using a self-help model. Habitat for Humanity Shasta Cascade is an affiliate of Habitat for Humanity International serving Shasta and Tehama Counties in Northern California. Habitat volunteers are currently building an affordable home in the City of Shasta Lake.
"Working with Habitat for Humanity Shasta Cascade gives Redding Bank of Commerce a chance to address a critical need right in our own backyard," said Patrick J. Moty , President & CEO, "Our community is fortunate to have such an organization that truly cares about our community and the families that live here."
Each year, the Federal Home Loan Bank of San Francisco returns ten percent of its profits in the form of AHP grants issued by its member financial institutions, such as Redding Bank of Commerce, to assist in the development of affordable owner-occupied and rental housing for very low – to moderate-income households. For more information about the AHP Grant program, please contact Leona McCoach, AVP Loan Officer Redding Bank of Commerce at 530-244-8120.About Bank of Commerce Holdings Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce™, Roseville Bank of Commerce™, and Bank of Commerce Mortgage™. The bank is a federally insured California banking corporation and opened on October 22, 1982. BOCH is a NASDAQ Global Market listed stock. Please contact your local investment advisor for purchases and sales. Investment firms making a market in BOCH stock are: Raymond James Financial John T. Cavender 555 Market Street San Francisco, CA (800) 346-5544 McAdams Wright Ragen, Inc. / Joey Warmenhoven1121 SW Fifth AvenueSuite 1400 Portland, Oregon 97204 (866) 662-0351 Stiffel Nicolaus Perry Wright1255 East Street #100 Redding, CA 96001866-950-5524 SOURCE Bank of Commerce Holdings