OneWest Bank Makes Gift in Support of JVS BankWork$®
Check presentation will take place July 16 at Graduation Event
Los Angeles, CA (July 13, 2018) – Graduates of JVS SoCal’s award-winning BankWork$® career training program will hear keynote remarks from Byron Reed, Senior Vice President and Head of Community Development for CIT Bank, N.A. and its OneWest Bank division. On behalf of OneWest, Reed will also make a check presentation for $80,000 in support of the program. The event marks the expansion of BankWork$ into the Long Beach area, with half of the graduates receiving their training on the campus of Long Beach City College and the other half at the West L.A. America’s Job Center in Culver City The graduation takes place Monday, July 16 at El Camino College.
”OneWest Bank is pleased to support Southern California’s next generation of financial services professionals through our partnership with JVS SoCal,” said Byron Reed, senior vice president of Community Development for CIT Bank. “This is our seventh consecutive year supporting the BankWork$® program as a sponsor and through the hiring of graduates across our OneWest Bank branch network.”
JVS BankWork$ delivers foundational skills for entry-level banking jobs to low-income and underemployed workers. At the conclusion of the ceremony, recruiters from the partnering banks will interview all the graduates at a private job fair on site. The intensive 8-week program boasts an 85 percent placement rate with 83 percent retention after one year.
The training is offered at no cost to eligible applicants thanks to the generous support of sponsors that include Banc of California, Bank of America, Bank of the West, JPMorgan Chase, OneWest Bank, City National Bank, Comerica Bank, HomeStreet Bank, Pacific Western Bank, Union Bank, US Bank and Wells Fargo. Foundation sponsors include the Sheri and Les Biller Family Foundation, The Pfaffinger Foundation, The Michael & Irene Ross Endowment Fund, Jay and Rose Phillips Family Foundation of California, The Rose Hills Foundation, The Subaru of America Foundation and The Winnick Family Foundation. Additional support comes from the State of California Employment Training Panel.
BankWork$ is part of the suite of JVSWorks® Career Training Programs that includes ApartmentWorks® and HealthWorks®. Since 2006, these three training programs have graduated and placed over 1,460 participants who have earned an aggregate of $56 million in salaries and benefits. With a combination of government, corporate and foundation support, this represents a 750% social return on donor investment.
“The success of the JVS BankWork$ program underscores the power of public-private partnerships to advance both social change and our common economic goals,” says JVS SoCal CEO Alan Levey. “We are empowering people to achieve sustainable employment by successfully bridging the skills gap and partnering with employers to prepare job seekers for positions these businesses need to fill.”
OneWest Bank has been a sponsor of both the BankWork$ program since 2011 and was awarded the agency’s 2018 Corporate Partnership Award at the 21st Annual JVS Strictly Business Luncheon.
About JVS SoCal
Founded in 1931, nonprofit JVS SoCal has evolved over the decades in response to the changing needs of job seekers and the business community, becoming a Southern California leader in workforce development. The agency’s enduring commitment to the people it serves is reflected in its mission: Building better lives, one job at a time by empowering individual to achieve dignity and economic independence through sustainable employment. To learn more, visit www.jvs-socal.org.