Union Bank offers banking to poor areas in the shape of check cashing and payday advances. Its efforts usually do not win admiration that is universal.
Driving through Bayview Hunter’s aim, an unhealthy, mostly African-American community near san francisco bay area’s 3Com Park, Union Bank of California Vice Chairman
Richard Hartnack Richard Hartnack
views one of several bank’s branches and sighs: “I am able to state without doubt it really is never ever made cash.” Why not near the branch? Since the government, as an amount for approving Union Bank’s merger with Ca First Bank, compelled it to discover branches in low-income areas.
Farther south when you look at the rough Southern Central section of Los Angeles, it is a picture that is far different the $36 billion (assets) bank. Standing down in their grey suit and red tie in a dusty Hispanic community, Hartnack enthuses in regards to the organization’s bustling 15-unit Cash & Save check-cashing string, which Union has run since 1993, and its own more modern endeavor with Carson, Calif.-based Nix Check Cashing. Continue reading “Let me make it clear about Damned When you do”