Banking on the Community
Banking on the Community
Mexican Immigrants’ Experiences ina Historically African American Bank inSouth Central Los Angeles, 1970–2007
This chapter examines the experiences of Mexican immigrants in Broadway Federal Bank, established in the post-World War II period to specially serve the needs of African Americans in South Los Angeles. Drawing on oral interviews, it considers how the bank has changed over time in response to demographic change, particularly after the civil unrest of 1992. The chapter first provides a historical background on Broadway Federal and goes on to discuss how the civil rights activism of its founder and first chairman, H. Claude Hudson, and his son, Elbert, within the National Association for the Advancement of Colored People (NAACP) shaped their relationship with the African American community in South Central Los Angeles. It then explores how the 1992 Los Angeles uprisings affected the leadership of Broadway Federal and how the presence of Latinos as bank employees introduced a positive atmosphere of banking at Broadway Federal. It suggests that the bank's “success” is dependent not only on its rich African American history, commitment, and struggle but also on the support of Latinos.
Keywords: banking, Mexican immigrants, Broadway Federal Bank, African Americans, Los Angeles, civil unrest, civil rights, H. Claude Hudson, National Association for the Advancement of Colored People, Latinos
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