Cathay Bank Foundation Donates $15,000 Grant to Chinatown Community Development Center Youth Jobs in Action Program

SAN FRANCISCO, CA October 29, 2013 — Cathay Bank’s Vice-President and Manager of San Francisco Branch, Kenny Tse presented a grant check of $15,000 to Chinatown Community Development Center’s (Chinatown CDC) Executive Director Rev. Norman Fong in support of the organization’s Youth Jobs in Action Program. The program provides low-income youth with high-quality leadership skills they can use to achieve their goals.

According to Chinatown CDC Executive Director, Rev. Norman Fong, this program provides training and service learning opportunities through a number of youth leadership development activities. “The Youth Jobs in Action Program provides 16 aspiring low income Asian Pacific Islander youth ages 14-25 with leadership development training and marketable job skills using the Chinatown neighborhood as a learning classroom,” says Fong.

“Cathay Bank Foundation is proud to support this program because it provides low income, immigrant Asian youth with experience and training that supports their goal of higher education or entering the workforce,” Tse explains.The Youth Jobs in Action Program is a holistic leadership development program that promotes serving learning through five programs.
1. Through the Adopt an Alleyway program (AAA) youth organize, recruit and lead peers in monthly neighborhood clean-ups and alleyway beautification projects.
2. The Chinatown Alleyway Tours program (CATs) organizes youth-guided tours through Chinatown’s historic alleyways.
3. The Youth for Single-Room-Occupancy Hotels program (YouthSRO) teaches youth to provide emergency preparedness training to seniors and families and support services to residents.
4. Advocates for Community Change, Empowerment and Social Services (ACCESS) is a program to involve former youth participants who want to continue to mentor youth, participate in civic engagement and advocate for community change.
5. The Chinatown Community Urban Institute program provides training to emerging youth leaders and professionals on urban planning issues.

The mission of the Chinatown Community Development Center is to build community and enhance the quality of life for low-income residents of San Francisco's neighborhoods. We are a community development organization with many roles--serving as neighborhood advocates, organizers and planners, providers of youth leadership training, and as developers and managers of affordable housing. Since its founding in 1977, CCDC has developed 24 affordable housing buildings, serving over 2,300 low-income seniors, formerly homeless adults, and families. We have nurtured neighborhood and volunteer associations led by seniors, families, and youth, with a membership exceeding 1,600 people. We have helped plan and build community centers and parks, coordinated street and alleyway improvements, and spearheaded neighborhood beautification efforts.

Cathay Bank is a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company with over $10.69 billion in assets as of December 31, 2012. Its service network extends from the West Coast to New York and Massachusetts on the Eastern Seaboard, north to the state of Washington, and south to Texas. Overseas, it has a presence in the three important commercial centers in the Asian-Pacific Rim-Hong Kong, Taipei, and Shanghai. Cathay Bank, with years of history and experience, is committed to providing a broad spectrum of personal and commercial financial services.



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