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BUSINESS SPOTLIGHT

Entrepreneur Tegsti Woldemichael says her future is bright.

Pandemic lockdowns may have slowed their growth in 2020, but their outlook is changing. Women-owned retailers and operators are poised for growth as businesses reopen their doors.

Entrepreneur Tegsti Woldemichael says her future is bright. This month she is opening an Italian-inspired bakery and deli called La Dolce Vita near the MacArthur BART station in Oakland. New countertops, floors, and baking equipment were purchased with an SBA small business loan. “I’m very excited for people to come into my place,” she said.Her current optimism is born from the months she struggled to navigate last year after Covid-19 food service rules shuttered her other retail business, spice company Shamden Spice. Headquartered in Oakland, Shamden Spice represented four years of hard work to grow it into a national retailer of Ethiopian and Eritrean spices. Pandemic food service closures shut down Ms. Woldemichael’s warehousing and operations.

Women-owned businesses and female entrepreneurs are a dynamic part of the local economy.
Tegsti Woldemichael and her new business
Tegsti Woldemichael at her new business, future home of La Dolce Vita.

BUSINESS SPOTLIGHT

OakStop

Community Bank of the Bay Steps Up to Help Black-Owned Businesses During Pandemic

CBB along with NCIF co-sponsors community-focused entrepreneurship with a joint total of  $20,000 donation to Oakland Black Business Fund

CBB Partners with OBBF to Reach Those in Need

CBB Community Partner—Oakland Black Business Fund.

BUSINESS SPOTLIGHT

Riekes Center Finds Its Way Home

Community Bank of the Bay Steps Up for Riekes Center at a Critical Moment

“We wouldn’t be here if it wasn’t for the Community Bank of the Bay. At a time when it was very difficult, we had to buy our building,” said Gary Riekes, Founder and Executive Director of the Riekes Center. After more than 20 years in its Menlo Park location, the center’s home—an old industrial building—went up for sale in 2017 and Gary had one month to purchase it or move.

A Center Where Everyone Is Welcome

After observing the center in person, Karen Vandenberg, VP of Relationship Management at CBB, decided she had to be Riekes’ lender.

BUSINESS SPOTLIGHT

Connecting a City and Its Artists

Oakland Art Murmur Promotes Art, Culture, and Community

“What I value with CBB is that when I go in, I know the people that are there and I know they live in my community,” Durant said. “They want to see the city thrive.”

Art Murmur Brings Vibrance to Our Community

Meet Jean Marie Durant, president of the Oakland Art Murmur Board of Directors.

BUSINESS SPOTLIGHT

Meet Eric

Owner, Gather Restaurant

“We found an amazing partner in Community Bank of the Bay, who believed in what we were doing and took the deep dive to help us create this beautiful establishment.”

HOW GATHER ESTABLISHED AND GREW ITS BUSINESS

Co-founder Eric Fenster talks about his restaurant’s amazing partnership with Community Bank of the Bay.

NONPROFIT SPOTLIGHT

Meet Tim and Jill

The Rose Foundation

“Community Bank of the Bay is fundamentally dedicated to improving the fabric of life in Oakland.”

How CBB Works with the Rose Foundation

Tim Little and Jill Ratner discuss The Rose Foundation and CBB’s shared commitment to improving the fabric of life in Oakland.

CLIENT SPOTLIGHT

Meet Michael

President, UrbanCore Development, LLC

“The Coliseum project… is a 110-unit mixed income property. We have our operating accounts for the property with Community Bank of the Bay, mainly because of the customer service they provide, which is important to us. Also, we wanted to work with a community-based bank.”

HOW URBANCORE PARTNERED WITH CBB

Michael Johnson talks about how UrbanCore and CBB work together to uplift their shared community.

Green Fund Spotlight

Meet Dennis

Business Owner, School Foodies

SchoolFoodies is a certified Bay Area green business that provides fresh, healthy meals to local school kids. The BAGF helped them green their production line while cornering a growing niche market.

HOW SCHOOL FOODIES GREENED AND GREW

School Foodies owner Dennis King talks about finding the right banking partner in CBB after being rejected by the major banks.

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