please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2016 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2016 learn how and when to remove this template message learn how and when to remove this template message fremont bank type private industry banking founded 1964 headquarters fremont california key people andrew mastorakis president & ceo revenue 17 600 000 number of employees 500 slogan success through partnership website http www.fremontbank.com fremont bank is a retail and commercial bank and california mortgage lender . founded in 1964 fremont bank is one of the oldest independent family owned and managed banks in the state . it has 18 branches 1 across the counties of alameda contra costa santa clara san francisco and monterey with retail loan offices in sacramento and los angeles counties . contents 1 history 2 community efforts 3 external links 4 references history edit fremont bank was founded in 1964 by morris hyman a world war ii veteran who came to the bay area with his family in 1945 . morris died in october 2005 . his three children now manage fremont bank . in 1968 fremont bank launched one of the first iterations of saturday banking . in the late 1980s fremont bank developed the no closing cost loan program which reduced the borrowers costs of refinancing their mortgage with fees refunded at closing . these fees were a direct result of changes in mortgage lending practices that involved title insurance policies appraisals escrow services and other changes that effected mortgage lending . the no closing cost loan was charged at a slightly higher rate and sold in the secondary market at a price high enough to cover the closing costs and bank overhead while generating a profit for the bank . community efforts edit you find out what someone needs and you give it morris hyman . citation needed the fremont bank foundation fbf was established in 1995 under the direction of fremont bank s late founder morris hyman and his late wife alvirda . fbf is an independent private grant making foundation that is solely funded by fremont bank . formed with an initial investment of 20 000 the foundation now receives a significant percentage of fremont bank s pre tax income each year . these funds allow fremont bank to fund local nonprofit organizations . their greatest contribution to date has been 1 000 000 for a new family water play facility in fremont . external links edit http www.fremontbank.com references edit https www.fremontbank.com about locations retrieved from https en.wikipedia.org w index.php title fremont bank & oldid 727690211 categories banks based in californiacompanies based in fremont californiahidden categories articles with a promotional tone from april 2016all articles with a promotional tonearticles needing additional references from june 2016all articles needing additional referencesall articles with unsourced statementsarticles with unsourced statements from april 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 30 june 2016 at 16 55 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view