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Rep. Napolitano Supports Community Bank's Financial Literacy Model

August 15, 2012
Press Release

Today, Rep. Grace F. Napolitano, visited Pan American Bank in East Los Angeles to promote its successful financial literacy campaign. Napolitano recorded a brief video message in support of financial literacy and the bank’s continued positive influence on the community.

“One of the greatest needs in my district is financial literacy, specifically in minority communities,” Napolitano said. “Pan American Bank's financial literacy model starts with the innovative Ambassadors Kids and Youth Academy that introduces the Kids Savings Account, paving the way for kids to start saving for college. This model should be in every community across the USA.”

Pan American Bank launched its financial literacy campaign, “My Future: I’m Saving for It!” in April 2010. Its goal continues to be to move unbanked and underbanked communities into the financial mainstream through free age-appropriate financial literacy training.

Established in 1964, Pan American Bank is the only bank headquartered in East Los Angeles and is California’s oldest Latino-owned bank. Its mission is to transform and empower Latino communities through banking relationship built on trust, service, respect, communication, and guidance. Pan American Bank is the only bank in the US to produce two Treasury Secretaries.

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