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-Pan-American Bank

-PA bank is an community-based bank that offers banking products and services

to its clients in the greater East Los Angeles/Boyle Heights area

-PA bank is  FDIC-Insured and An Equal Housing Lender.

-History

-Established in 1965, PA Bank is the oldest Latinx-owned bank based in California

-The founders were motivated by the lack of financial services that were available to the minority population within East Los Angeles/Boyle Heights area

-A means to address the high disparities in political power, economic independence, and overall standard of living

-2001 to Present

-Beneficial State Bank purchased Pan American Bank in a all-cash

Transaction

-In 2016, the Conservancy nominated Pan American Bank for listing in the

National Register of Historic Places.

-Leadership

-Early leadership

-After the successful launch of Ramona’s Mexican Food Products, Mrs. Banuelos founded Pan American Bank in as a way to assist other Latino business owners overcome some of the logistical challenges that were prevalent among minority business owners.

-Mrs. Banuelos was later appointed as the 34th Treasurer of the United States and served from 1971 to 1974. Her appointment made her the first Latino U.S. Treasurer and the highest ranking Latino in the federal government.

-The bank’s board of directors, appropriately is composed of six Mexican-Americans, three Jews, two Japanese and one Angle-Saxon