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CRC, 20 Groups File Letter Opposing Proposed BMO Harris-Bank of the West Merger

CRC submitted the following letter to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve to announce its formal opposition to the proposed merger of BMO Financial Corp/BMO Harris Bank, N.A. and BancWest Holding Inc./Bank of the West.   Download the full letter → Read CRC’s statement on…
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CRC Presents at Fair Housing Conference

CRC Research Analyst Jamie Buell on Wednesday presented at the Fair Housing Council of Riverside County’s 2022 Housing Conference: Housing Solutions Post Pandemic. The conference brought together policymakers, Realtors, nonprofits, financial lenders and government officials to tackle California’s pressing housing market issues, including using data-driven market analysis and current fair housing trends to come up…
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CRC Executive Director Testifies in Support of Financial Institution Evaluation Bill

SB 1176 establishes a requirement that would enable the DFPI to evaluate the mortgage lending of financial institutions, creating greater equity in the financial industry. California Reinvestment Coalition Executive Director Paulina Gonzalez-Brito testified before the California Senate Budget and Fiscal Review Committee on Wednesday in support of SB 1176, a bill that would bring greater…
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Timeline: U.S. Bank-Union Bank Merger Events

In November of 2021, the California Reinvestment Coalition officially opposed the proposed merger of U.S. Bank and Union Bank, which had been announced two months earlier. There has been a whirl of activity from CRC since. Take a look at the timeline below to recap more than six months of activity.

CRC, Community Members Express Opposition for U.S. Bank Merger at Public Hearing

Mergers may be good for corporations, but they’re rarely good for economic stability and financial equity for consumers — especially for Black, Indigenous and People of Color (BIPOC)  and low to moderate-income (LMI) communities.  That was the message delivered on Tuesday, March 8 by members of dozens of nonprofits, real estate agents and community-based organizations…
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Map: Current U.S. Bank and Union Bank Branches in Los Angeles County

Low- to moderate-income communities and communities of color are adversely impacted when banks merge. That’s why when Minneapolis-based U.S. Bank agreed to acquire Union Bank in September 2021, CRC and 66 of its members and allies in California opposed the merger based on potential branch closures and staff layoffs, mortgage lending disparities, overdraft consumer fees,…
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The Bank Rundown – February 2022

After a busy bank merger season in 2021, the pace continues in 2022. In addition to engaging on megabank mergers, we hope to restart meetings with banks that are not going through mergers. Check out what’s happening below and reach out to find out how to get involved.  U.S. Bank wants to Buy Union Bank:…
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CRC Welcomes New Organizers to its Staff

The California Reinvestment Coalition is pleased to announce that it has hired Doni Tadesse as its new Southern California Organizer and Aliyah Shaheed as its new Northern California Organizer. Tadesse comes to CRC after working as a capacity builder with the Los Angeles LGBT Center where he trained and developed professionals and organizations providing care…
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We can never forget Jan. 6, 2021

An attack on American democracy unfolded before the eyes of the entire world on Jan. 6, 2021. The violent storming of the Capitol that day was a shameful attempt to overturn the 2020 election results. It was a brutal and sobering reminder that white supremacy can go unchecked in our country. One year later, we…
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Connecting Community to Resources

A second-generation promotora, Delmis Lorenzo is carrying on a family tradition   Delmis Lorenzo has spent much of her adult life supporting members of her Los Angeles community. Her community-oriented career has taken her through roles working with asthmatic patients in clinical settings, as a Spanish translator with the First 5 program in South Central…
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