First U.S. Bank Black Heritage Community Branch Unveiled in Los Angeles

Rhea-AI Summary

U.S. Bank donates $100,000 in grant funding to support Crenshaw District revitalization. The bank celebrated Black History Month with a block party and ribbon cutting event at the renovated Slauson and Crenshaw branch, featuring design upgrades reflecting the community's heritage. Guest speaker Maxine Waters attended. Destination Crenshaw and LISC LA received $50,000 each for community programs. U.S. Bank has been supporting Destination Crenshaw since 2022 with investments in a reparative development project. The branch hosts a mural by local artist Moses Ball and engages in community events.

NORTHAMPTON, MA / ACCESSWIRE / February 26, 2024 / U.S. Bank:

Bank donates $100,000 in grant funding to help support Crenshaw District revitalization

Originally published on U.S. Bank company blog

The ongoing U.S. Bank Black History Month celebration included a block party and ribbon cutting event at the newly renovated Slauson and Crenshaw branch, the first-ever U.S. Bank Black Heritage Community branch, featuring design upgrades that reflect the vibrant cultural heritage of Los Angeles's Crenshaw community.

At the event, U.S. Bank welcomed guest speaker Maxine Waters, the U.S. representative for California's 43rd congressional district since 1991, who currently serves as the ranking member of the U.S. House Financial Services Committee.

Additionally, U.S. Bank provided $100,000 to two local organizations supporting the bank's years long efforts to make a meaningful impact in revitalizing the Crenshaw District.

Destination Crenshaw received a $50,000 grant to support Build Back Crenshaw Workplace Apprentice Program and Local Initiatives Support Corp (LISC) of Los Angeles received a $50,000 grant to support the Black Women Vend - Crenshaw Micro-Enterprise Program.

U.S. Bank has been a support of Destination Crenshaw since 2022, when the bank's Impact Finance community development division invested $8.9 million in New Markets Tax Credit allocations in support of the reparative development project that is poised to become the largest public Black art project in the country.

Ultimately, the Destination Crenshaw project plans to commission more than 100 temporary and permanent works by Black artists who have strong ties to Los Angeles, with a piece slated to be installed behind the U.S. Bank Slauson and Crenshaw Branch and the branch itself being home to a mural created by, for and featuring local community members.

The branch mural The Heart of Hyde Park was created by lead artist Moses Ball and commissioned by L.A. Commons, an organization based in Leimert Park that engages communities in artistic and cultural expressions that tell their unique stories.

Joining Destination Crenshaw and LISC LA at the block party festivities were local artists and food trucks, including longtime U.S. Bank client Crenshaw Coffee.

Event attendees received complimentary branded tote bags featuring airbrush art designs created by local artist Tamika Quillard. Block partiers could use the tote bags as they visited the Food Access Los Angeles Farmer's Market next to the branch.

The Black Heritage Community branch is designed to deliver a hyperlocal, culturally relevant experience for diverse customers and create a deeper connection with customers, employees and the community. The branch was designed with space to host free community events, financial health workshops and skills training events, and to provide a storefront for small business pop ups. Customers are offered free financial health resources, expert advice and products. The branch works locally with community leaders.

Watch the video above to learn more about the Crenshaw community and the continued commitment of U.S. Bank to power human potential in Los Angeles.

View additional multimedia and more ESG storytelling from U.S. Bank on 3blmedia.com.

Contact Info:

Spokesperson: U.S. Bank
Website: https://www.3blmedia.com/profiles/us-bank
Email: info@3blmedia.com

SOURCE: U.S. Bank

View the original press release on accesswire.com

FAQ

What was the amount of grant funding donated by U.S. Bank for Crenshaw District revitalization?

U.S. Bank donated $100,000 in grant funding to support the revitalization of the Crenshaw District.

Who was the guest speaker at the U.S. Bank Black History Month celebration event?

Maxine Waters, the U.S. representative for California's 43rd congressional district, was the guest speaker at the U.S. Bank Black History Month celebration event.

Which organizations received grants from U.S. Bank during the event?

Destination Crenshaw and LISC LA received $50,000 each in grants from U.S. Bank during the event.

What is the significance of the mural at the U.S. Bank Slauson and Crenshaw Branch?

The mural at the U.S. Bank Slauson and Crenshaw Branch, titled The Heart of Hyde Park, was created by lead artist Moses Ball and commissioned by L.A. Commons. It aims to engage the community in artistic and cultural expressions.

What type of events and workshops does the Black Heritage Community branch host?

The Black Heritage Community branch hosts free community events, financial health workshops, skills training events, and provides a storefront for small business pop-ups.