Posted at 01:53h
East Palo Alto nonprofits tell bank: Please remain. Steve Borg, spokesman for Ca Bank, stated the choice to shut the branch had been hard, but there were not sufficient loans and deposits.
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California Bank & Trust, the town's only bank, is defined to shut Aug. 26
by Sue Dremann / Palo Alto Weekly
A few East Palo Alto teams this week reacted in to the closure that is announced of town's only bank by saying they will not allow it take place without looking for all options to truly save the branch.
California Bank & Trust, which started when you look at the Ravenswood 101 mall in 2002, is placed to shut Aug. 26, relating to a bank spokesman. But neighborhood nonprofit leaders aren't prepared to accept your decision.
"this is actually the start of discussion. This is simply not a done deal," stated Leah Simon-Weisberg, handling lawyer for Community Legal Services in East Palo Alto.
Steve Borg, spokesman for Ca Bank, stated the choice to shut the branch had been hard, but there were not sufficient loans and deposits.