Introducing Our New Compton Branch!
As the largest Black owned bank in America, we are proud to announce the opening of our new state of the art branch in Compton, California on February 28, 2022. We are excited to honor our roots and renew our long-term commitment to the City of Compton.
We were forced to close our Compton branch in March 2020 after our landlord refused to renew our 20-year-old lease to replace our branch with a national chain sneaker store. Like many Black owned businesses that are displaced due to gentrification, the Bank was forced to either permanently close or relocate. Although we considered permanently closing our branch as more customers move to digital banking, our commitment to our Compton customers and the Compton community resulted in our decision to relocate. The new branch, located at 1495 N. Wilmington Avenue, Compton CA 90022, is less than 2 miles from our previous branch location.
The Bank is continuing its support for Compton Jr. Equestrians who will attend the grand opening of the Compton Branch. Compton Jr. Equestrians was developed to serve inner city youth in Compton, along with surrounding areas. Founded by Jamie Vance and Randall Hook, natives of Compton, CJE proves the importance of giving back to the community.
“We are committing to closing the racial wealth gap in the City of Compton in our community’s long tradition of each one, teach one,” says Teri Williams, President & Chief Operating Officer. “We believe in defining our community by our assets, rather than our challenges, which is called Asset Framing. The City of Compton has many assets.”