ABA Banking Journal - May 2014 - (Page 28)

Doing well by doing good Banks are looking for ways to better use their branches. A new partnership between ABA and Operation Hope offers options that could grow the customer base and better serve many communities 28 | ABA BANKING JOURNAL | MAY 2014 "I BY BILL STREETER, EDITOR AND PUBLISHER grew up around Mom and Pop businesses in Harlem. I watched them disappear and it was discouraging. I would love to see small businesses in Harlem once again." Chauntee Jackson spoke those words to a group assembled in a bank branch in the heart of New York City's Harlem neighborhood. More than just expressing a wish, however, she is well on her way to adding one new small business to the historic minority community. With a partner, she is setting up a home-cleaning service for women stressed out by having to work and raise a family. Jackson and 21 other budding entrepreneurs from Harlem and other New York neighborhoods, are participating in a program called "Hope Inside," created to help low-income people learn how to turn their dreams into business success. The event Jackson spoke at marked the opening of the first Hope Inside location in New York City, situated in a branch of Popular Community Bank, the mainland U.S. unit of Puerto Rico-based Popular, Inc. Hope Inside is one part of a new nationwide initiative launched this spring by Operation Hope, a leading nonprofit organization promoting financial dignity and empowerment to underserved communities. Following a pilot, 28 banks have signed on to participate in one of two variations of Hope Inside around the country.

Table of Contents for the Digital Edition of ABA Banking Journal - May 2014

Chairman's View
Editor's Column
The Economy
Bank Notes
ABABJ Online
Picture This
Who will fill the chair?
Pass the Aspirin
Midsize Standouts
Doing well by doing good
Tech Topics
Compliance Inbox
ABA At Your Service
First Person

ABA Banking Journal - May 2014

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