Ep #56: Banking Our Communities | Karen A. Clark & Jasmine Willis, City National Bank

CivitasLA

Created in 1977 in the aftermath of the Civil Rights movement, with an aim to address the historical disinvestment in urban communities, the Community Reinvestment Act (CRA) has sought to encourage financial institutions to better meet the credit needs of the communities in which they do business, including those considered low- and moderate-income and communities of color.

As CivitasLA celebrates Black History Month, we are joined by Karen A. Clark (SVP, Multicultural Strategies & Business Development) and Jasmine Willis (Branch Manager, VP) of City National Bank, our region’s leading home-grown financial institution, to discuss the role banks have played in disinvesting in our urban communities; the imperative for greater financial inclusion, defined by the World Bank to be when “individuals and businesses have access to useful and affordable financial products and services that meet their needs….delivered in a responsible and sustainable way”; and City National’s approach to investing in diverse communities. To learn more, please visit www.CNB.com.

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