Santa Ana bank opens to serve Hispanic businesses

A bank founded by political and business leaders to serve Hispanic small businesses celebrated its grand opening this week, becoming the first bank headquartered here in decades.

The Santa Ana Business Bank represents “a new beginning… a new day” in the city, Mayor Miguel Pulido told a crowd of dignitaries, politicians and business people. “This is such a beautiful, beautiful day, and such a beautiful thing to see,” he said.

The bank aims to tap into a need for banking services that a 2006 study found was badly lacking in Santa Ana’s downtown. The study found that three out of every four households in a swath of downtown and eastern Santa Ana had no relationship with a bank.”*

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