California Bank & Trust (CB&T), www.calbanktrust.com, is pleased to announce the bank is supporting Chabot College Foundation's revolutionary textbook rental program. The program was created to address the strain the cost of books and materials were putting on students, causing many of them to drop out of school. The program was piloted in the spring of 2009 and was initially supported by funds donated to the foundation from California Bank & Trust and other sponsors. This self-sustaining program gives students the opportunity to rent otherwise costly textbooks for the semester at a third of the price of purchasing the books outright.
"Chabot College plays an integral part in building the economic vitality of Hayward and provides an excellent foundation for students who want to learn and follow a career path. The textbook rental program makes it more economically feasible for Chabot students to pursue their academic and career goals," said Richard Hong, vice president and branch manager of California Bank & Trust's Hayward branch and Chabot College board member.
Chabot College's textbook rental program was recently recognized by the U.S. Department of Education and received a FIPSE grant for its excellent business plan. This grant will fully fund the program, allowing Chabot to offer hundreds of textbooks available for students to rent for the semester and create a larger-scale self-sustaining program.
"It was because of supporters like California Bank & Trust that the Chabot College Foundation was able to implement this program. Through this program's success and the FIPSE grant we have received, we are now able to provide the most at-risk students, those who have difficulties affording textbooks, with the materials they will need to become academically successful," said Dr. Celia Barberena, president of Chabot College. About California Bank & Trust California Bank & Trust, a subsidiary of Zions Bancorporation (NASDAQ: ZION), is one of the largest banks headquartered in California with over $10 billion in assets and 106 branches statewide. With local management and decision-making with an emphasis on relationship banking, CB&T provides financial solutions for businesses and individuals, that includes commercial as well as small business lending, cash management, international banking, wealth management, and online banking. Learn more at www.calbanktrust.com.
