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History & Founders

OneCalifornia Bank grew from the vision of Tom Steyer and Kat Taylor and the team they formed to create a sustainable, effective community development bank and a supporting nonprofit organization. They are gaining experience and success locally as groundwork for expansion into other California communities. Steyer and Taylor provided all the initial capital for the bank and will donate 100% of their shares of the non-voting stock to the OneCalifornia Foundation, created by them to help the bank achieve its mission.

The OneCal Foundation engages in charitable and educational activities that primarily support the bank’s goals. Included are programs and grants to eliminate discrimination, encourage affordable housing, alleviate economic distress, stimulate community development and increase financial literacy. The Foundation will provide lending support, investments and other services for disadvantaged communities and community service organizations in California.

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