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,…

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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…

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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,…

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Map depicting bank branches

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,…

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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….

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Doni Tadesse (left) and Aliyah Shaheed (right)

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…

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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…

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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…

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CRC Files Letter Opposing U.S. Bank-Union Bank Merger

Download the full letter → Read the press release →   Jerome Powell, Chairman Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue N.W. Washington, D.C. 20551     Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th St SW, Washington, DC…

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CRC Promotora Program Meets Families Where They Are

Now a year old, CRC’s Economic Equity Promotora Program sets its sights on improving access to the banking system for marginalized communities   For some Californians living in rural, low income or communities of color, just the act of opening a bank account might seem like a task fraught…

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CRC, The Greenlining Institute File Joint Letter Opposing Tri Counties Bank’s Application to Acquire Valley Republic Bank

Sebastian Astrada, Director, Applications Federal Reserve Bank of San Francisco 101 Market Street, San Francisco, CA 94105-1579    Re: Supplemental comments from California community groups concerning the applications by TriCo  Bancshares and Tri Counties Bank to acquire Valley Republic Bancorp and Valley Republic Bank    Dear Applications Manager Astrada…

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Alan Fisher, CRC Founding Director and Economic Justice Titan Dies

Alan Fisher, founding director of the California Reinvestment Coalition, died Thursday, Sept. 16 surrounded by family, following a hard-fought battle with cancer. In the world of housing and economic justice, Alan was a titan who advocated for working-class families, communities of color, and small-business owners. “The world seems a…

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