The John Thomas Dye School in Bel Air (www.jtdschool.com), an independent coeducational elementary day school educating grades kindergarten to grade six, announced today that they are moving ahead with a Master Plan construction project to add three new buildings to the school’s prestigious campus.
The construction project was made possible in part by donations and a loan, which was funded for $14.5 million by California Bank & Trust (CB&T) (www.calbanktrust.com), a relationship bank with 106 branches throughout California. The Master Plan project will prepare the school for future growth by adding an additional 15,000 sq. ft. of new building space that will include a two-story academic building, two office pavilions and a three level parking structure.
The school has an excellent reputation and has been educating children in the Los Angeles area for the past 80 years which includes alumni of over 2,000. Run by Headmaster, Raymond Michaud, Jr., The John Thomas Dye School strives to instill in each student the skills and knowledge to reach their highest academic, artistic, physical and emotional potential. California Bank & Trust moved forward with the loan in part due to the school’s plan for academic growth led by Michaud, who has been with the school since 1978, and headmaster since 1980.
Under the direction of Scott Monson, executive vice president and managing director of the commercial banking division, Lew Murez, a commercial banker at CB&T, worked with Michaud and Bob Suppelsa, Chief Financial Officer of JTD to secure the funding.
“We were very impressed by the school and by Raymond’s leadership. We are confident about the loan and our relationship with the John Thomas Dye School,†said Monson. “Sustainable growth and community partnerships are important to us at the bank, and therefore we are very pleased to be able to play a role in the school’s growth and ability to impact the minds of the future.â€
The Master Plan project is aiming for a December 2010 completion date.
“Lew was great to work with, and we plan on having a long-term banking relationship with California Bank & Trust,†said Michaud. “We are very excited about the benefits the Master Plan project will create for our students, faculty and parents who are a part of our family. This new construction project will prepare us for the next 25 years of excellence in education.â€
