FirstBank contributes more than $4.2 million |

FirstBank contributes more than $4.2 million

FirstBank, the Lakewood-based holding company for the largest locally owned banking organization in Colorado, contributed cash donations totaling more than $4.2 million to Colorado nonprofit organizations in 2010. The donations were the results of its annual community investment program, and were made to hundreds of organizations across the state.

According to data listed by the Denver Business Journal in its 2010 “Giving Guide,” FirstBank’s contributions make the bank the third most charitable corporation and most charitable bank in Colorado by annual cash donations. FirstBank is owned and operated by its employees.

“Colorado’s nonprofit organizations are a vital component of our state’s community,” said John A. Ikard, president and CEO of FirstBank Holding Company. “As a locally owned bank, we understand we’re only as strong as our community. We feel fortunate to support organizations that provide crucial resources and services to those in need, because they help make Colorado such a vibrant and great state to live in.”

As part of its 2010 charitable efforts, FirstBank partnered with the Community First Foundation to donate $300,000 to support Colorado Gives Day, a one-day online initiative aimed at increasing philanthropy in Colorado. The donation included a $250,000 lead gift to the Colorado Gives Day incentive fund and $50,000 to help offset credit card and processing fees. The bank’s contribution helped the program raise $8.2 million in 24 hours.

While FirstBank supports a wide variety of organizations in Colorado, a majority of the bank’s community investments support nonprofit organizations focused on affordable housing, education and economic development. Among the nonprofits who benefited: Habitat for Humanity of Colorado, Gold Crown Foundation, Junior Achievement, Special Olympics Colorado, Susan G. Komen Race for the Cure, Wildlife Experience, and YMCA of Metro Denver.

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