Tri Counties Bank Awards $100,000 in AHEAD Economic Development Grants to Assist with Low-Income Housing and Financial Education - Seite 2

AHEAD grants are awarded annually and delivered through FHLBank San Francisco’s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities. Since the program’s inception in 2004, FHLBank San Francisco has awarded more than $25 million in AHEAD grants to over 800 economic development projects in Arizona, California, and Nevada. In 2023, FHLBank San Francisco’s board of directors allocated $4 million to the AHEAD program, more than doubling the funding in prior years, and awarded grants to 75 projects. Tri Counties Bank applied for grants in partnership with both CHIP and CCRH, and was awarded both grants after a competitive selection process.

“Each year, we are inspired by the wide range of impactful programs that are brought to us by our member institutions through the AHEAD grant program,” said Eric Cicourel, Senior Vice President and Community Investment Officer at FHLBank San Francisco. “We were particularly encouraged by the large number of unique members who participated in this cycle, including Tri Counties Bank. These financial institutions are pillars in their communities and have an intimate understanding of the needs of the communities they serve. We are proud to partner with our members to extend a lifeline to so many compelling and deserving organizations.”

For those interested in applying for the AHEAD program in 2024, visit https://www.fhlbsf.com.

About Tri Counties Bank

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, with assets of almost $10 billion and nearly 50 years of financial stability. Tri Counties Bank provides a unique brand of Service With Solutions for communities throughout California with a breadth of personal, small business and commercial banking services, plus an extensive branch network, access to approximately 40,000 surcharge-free ATMs nationwide, and advanced mobile and online banking. Tri Counties Bank participates in the Cities for Financial Empowerment (CFE) Fund’s BankOn program that seeks to ensure that everyone has access to safe and affordable financial products and services. Visit TriCountiesBank.com to learn more. Member FDIC. Equal Housing Lender. NMLS #458732