HIGH-LEVEL PROGRESS TIMELINE
Last updated 2/6/23
Initiative Key Actors Status Projected Completion/Notes Completed, Submitted
Business Plan
(Charter Application)
■ CEO in place and
participating
In
process
June 2023
■ Bank Board slate in
place and participating
Friends In
process
March 2023
■ Complete financial
model and supporting
text
Gary Findley/
advisors
In
process
August 2023
■ Involvement of the
three cities
City Financial
Directors, other
staff
In
process
March 2023
■ Involvement of
Alameda County
County Treasurer,
Board of
Supervisors
In
process
April 2023
■ Pre-filing meeting and
other meetings with
regulators
Gary/Friends/
Board/CEO
In
process
September 2023
Friends to provide most
start-up cost funding,
some funds acquired,
more in progress,
Including:
● Business plan
● CEO hiring and
salary
● Board stipends
(for non-elected
officials)
● Corporate
attorney
● Board training
● Pre-opening
technology
● Other pre-
opening hires
Friends In hand $100,000
Community Engagement
■ Bringing on new
supporting
organizations
Friends/Board ongoing
■ Campaigns to
influence elected
officials
Friends/Board As
needed
■ Involving existing
supporters in bank
development process
Friends/Board Ongoing
■ Town Halls/public
meetings
Friends/Board To come