Pan American Bank: A Leading Financial Institution

Pan American Bank has been a trusted name in the financial industry for decades. It was founded in 1907 in the United States.

The bank's commitment to customer satisfaction is evident in its wide range of financial services. From personal banking to corporate banking, Pan American Bank has got you covered.

With over 100 years of experience, Pan American Bank has established itself as a leading financial institution. Its expertise in the field is unmatched.

At the helm of Pan American Bank is a seasoned leadership team. Chairman Nicholas S. Giuliano brings a wealth of experience from his previous role at The PrivateBank.

Chairman Giuliano is joined by President and CEO Frank C. Cerrone, who also has a strong background in the banking industry, having worked at the International Bank of Chicago.

The Pan American Bank building was constructed in 1965. It's a remarkable piece of history that has served as a pillar of the East Los Angeles/Boyle Heights community.

The bank has been providing much-needed bilingual services to local residents and businesses for decades. This commitment to cultural sensitivity has been a cornerstone of the bank's mission.

The bank's founders believed that access to culturally sensitive financial services was key to increasing the community's political power, economic independence, and overall standard of living.

Pan American Bank was founded in 1964 and completed in 1966.

It has been a significant community anchor and cultural touchstone in East Los Angeles for over 50 years.

In 2015, the bank was purchased by Finance and Thrift Co., a Central Valley-based company, and its headquarters was relocated to East Los Angeles.

The bank's commitment to community-based mission and economic justice was maintained through a subsequent merger with Beneficial State Bank in 2016.

Beneficial State Bank, an Oakland-based bank, acquired Pan American Bank with the goal of preserving its community-focused values.

The Pan American Bank building has a rich history, constructed in 1965 as the oldest Latinx-owned bank in California.

It has served as a pillar of the East Los Angeles/Boyle Heights community for decades, providing much-needed bilingual services to local residents and businesses.

The bank's founders believed that access to culturally sensitive financial services was key to increasing the community's political power, economic independence, and overall standard of living.

The building was successfully designated as a historic landmark in 2017, making it the second property in East Los Angeles to be listed in the National Register of Historic Places.

Pan American Bank has experienced significant growth since 2007, with its total assets increasing from $33 million to $316 million.

The bank's deposit base has also expanded, with a notable increase in deposits from states and political subdivisions. By 2014, this figure had grown to $49 million, accounting for 20% of the bank's total deposits.

In a strategic move, Pan American Bank acquired the Bank of Palatine in September 2014, adding to its assets and further solidifying its position in the market.

This growth and expansion have earned Pan American Bank recognition in the industry, as it was selected as one of the Best Banks To Work For in 2018 by American Banker.

In 2010, Democratic State Treasurer candidate Robin Kelly accused her opponent, then-Republican state Sen. Dan Rutherford, of violating state law by receiving a campaign contribution from Pan American Bank & Trust.

Rutherford returned contributions from Pan American Bank & Trust after the accusation. The contribution in question was worth $500, which was received while Pan American bid on a contract worth more than the law's $50,000 cap.

Pan American Bank has a strong commitment to serving the Latino community, and it's reflected in its partnerships and support. Founded in 1964 by former United States Treasurer Romana Banuelos, the bank has been dedicated to providing financial services and products to underserved communities for decades.

The bank's investment by Meruelo Group, a Latino-owned and led enterprise, is a significant step in ensuring the bank's continued success. Xavier Gutierrez, President and Chief Investment Officer of Meruelo Investment Partners, stated that the investment will help Pan American Bank provide the necessary financial services and products to advance the personal and business interests of Latinos.

Pan American Bank has also partnered with the Greater Los Angeles Chapter of the Society of Hispanic Professional Engineers, Inc. (SHPE-LA), a leading social-technical organization that supports and enhances the potential of Hispanics in science, technology, engineering, and mathematics (STEM) occupations. This partnership will create opportunities for SHPE-LA members, including free business and personal checking accounts, technical assistance for small business members, and access to SBA loans and other forms of financing.

Meruelo Group has invested in Pan American Bank, a landmark community bank in East Los Angeles. This investment is a significant step in ensuring that Latinos have access to financial services and products to advance their personal and business interests.

Pan American Bank is California's oldest Latino community bank, founded in 1964 by former United States Treasurer Romana Banuelos. The Banuelos Family Trust remains the largest shareholder of the bank.

The Meruelo Group's investment will help Pan American Bank continue serving the Latino community, which has been its mission for decades. As a Community Development Financial Institution, Pan American Bank has been committed to serving underserved communities.

The recapitalization of Pan American Bank is a win for the East L.A. community and the entire region, with strong financial products now available to its residents.

The MOU between Pan American Bank and SHPE-LA is historic and solidifies the partnership between the most influential Hispanic engineering organization in Los Angeles and the most influential Hispanic-owned bank in Los Angeles.

SHPE-LA was founded to increase educational opportunities among Hispanics, promote professional and personal growth among its membership, and act as an advocate for Hispanics relative to education, business, and government issues.

SHPE-LA is the leading social-technical organization that supports and enhances the potential of Hispanics in science, technology, engineering, and mathematics (STEM) occupations.

As a result of the MOU, SHPE-LA members will receive free business and personal checking accounts, as well as free technical assistance for small business members seeking access to capital.

SHPE-LA and Pan American Bank share the common mission of empowering the under-represented and under-served Latino community in Los Angeles.

The partnership will provide access to a provider of SBA loans and other forms of financing for SHPE-LA members.

SHPE-LA President Robert Guzman and Pan American Bank Vice-Chairman Daniel Arguello signed the historic MOU.