Pasadena, CA, December 18, 2009 – OneWest Bank, FSB is proud to be an Angel Sponsor of the 28th Annual Miracle on 1st Street Toy Giveaway Program hosted by the Hollenbeck Youth Center. As one of the largest Christmas toy giveaways in the greater Los Angeles area, this event will provide over 10,000 children with gifts for the holidays. In many cases, the Miracle on 1st Street gifts may be the only gifts these kids receive for Christmas, making this event so meaningful to many families experiencing hardship. During this one day event scheduled on Saturday, December 19th, a three-block area will be transformed into snowy Santa’s Lane with activities for families and Santa’s Helpers will distribute gifts to every child. OneWest will have a booth at the event staffed with volunteers from the Bank. “On behalf of all our employees, we are pleased to be able to support this great cause”, said OneWest Bank Chairman, Steven Mnuchin.
Since its inception in 1976, the Hollenbeck Youth Center plays a vital role in our community and has been dedicated to serving at-risk inner-city youth in the East Los Angeles area. Founded with the support of the Hollenbeck Division of the Los Angeles Police Department and the Hollenbeck Police Business Council, the Center serves over 40,000 youth annually and is focused on building self-confidence and self-reliance through organized sports, academic enrichment and mentoring.
About OneWest Bank, FSB
OneWest Bank, FSB is a regional bank focused on delivering personalized, relationship-based banking to its customers. The bank has 72 retail branches in Southern California with approximately $11 billion in deposits and total assets of $24 billion, including a loan portfolio, a securities portfolio, a servicing platform with over $150 billion in unpaid principal balance serving over 550,000 customers. The Bank also owns a reverse mortgage platform -- Financial Freedom. OneWest is an FDIC-insured institution and funds deposited in the bank are insured up to the FDIC’s insurance limit of $250,000 per depositor. Information about OneWest Bank can be found on the company’s website at www.owb.com.
Sard Verbinnen & Co