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Minority banks are important
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The Bridge

Minority banks are important because of the role thatthey play in communities

Minority banks are important because of the role that
they play in communities

Full Transcript

00:00:01.000 --> 00:00:02.584
Minority banks are important
00:00:02.585 --> 00:00:05.503
because of the role that they play in communities.
Duration
7 seconds
Views
21
Timestamp in Movie
00:37:59
Uploaded
Apr 08, 2025
Genres
documentary
Production
Arowana Films

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Movie Summary

Fifty years ago, our country grappled with discrimination that profoundly impacted minority communities. In Los Angeles, neighborhood leaders united to challenge these barriers by establishing a community-focused bank, aiming to d...
These are banks that were born out of racism. - The Bridge 00:05
These are banks that were born out of racism.
Now, a question that I commonly get asked is, "Do they still matter today?" - The Bridge 00:10
Now, a question that I commonly get asked is, "Do they ...
At a good time, you think, "This is great," - The Bridge 00:13
At a good time, you think, "This is great,"
People started asking the question, "Is my money safe? - The Bridge 00:06
People started asking the question, "Is my money safe?
And is my money safe at a small bank, a regional bank, a community bank?" - The Bridge 00:20
And is my money safe at a small bank, a regional bank, a com...
I think the negative outcome from that was something that was very concerning. - The Bridge 00:07
I think the negative outcome from that was something that wa...
The National Bankers Association is also celebrating its 95th year, - The Bridge 00:12
The National Bankers Association is also celebrating its 95t...
The NBA is dedicated to eliminating the racial wealth gap, - The Bridge 00:10
The NBA is dedicated to eliminating the racial wealth gap,
East West Bank started nearly 50 years ago right here in Los Angeles. - The Bridge 00:07
East West Bank started nearly 50 years ago right here in Los...
And the reason why our founders put the charter together - The Bridge 00:12
And the reason why our founders put the charter together
But the irony is that the founders, the Asian American founders, - The Bridge 00:14
But the irony is that the founders, the Asian American found...
When you really understand how America works, - The Bridge 00:11
When you really understand how America works,
Whether you buy a home, buy a car, start a business, - The Bridge 00:08
Whether you buy a home, buy a car, start a business,
And to make sure that people of color and disadvantaged people - The Bridge 00:11
And to make sure that people of color and disadvantaged peop...
But I couldn't do it without a partner like you, without a friend like you, - The Bridge 00:08
But I couldn't do it without a partner like you, withou...
The last major bank crisis occurred over 15 years ago, - The Bridge 00:09
The last major bank crisis occurred over 15 years ago,
During 2008, and also the early part of 2009, - The Bridge 00:10
During 2008, and also the early part of 2009,
The Dow, at the same time, has fallen about 18%. - The Bridge 00:05
The Dow, at the same time, has fallen about 18%.
The financial crisis in 2008, I never saw it coming with that kind of velocity. - The Bridge 00:08
The financial crisis in 2008, I never saw it coming with tha...
It was the worst day on Wall Street since the crash of 1987. - The Bridge 00:07
It was the worst day on Wall Street since the crash of 1987.