The $3.5 billion credit union has moved its corporate headquarters from an early-1900s brick building on Second Street in San Francisco to one of the new, modern structures in Pleasanton that was initially built to house the influx of high-tech companies into the area prior to the economic downturn.
With some 40% of its California members residing in the East Bay area, the move is a timely one.
“It’s important that we commit our resources, volunteer activities, and even employment opportunities to the communities where our members live,” said Patelco Chief Operating Officer Carol Highton. “As a nonprofit banking institution, our focus has and always will be on the members we serve, and that includes making solid contributions to their communities. It’s just another–and very important–way of defining what we mean when we say we believe in ‘community’ banking.”