The Bank traces its origin to Broadway Federal Savings and Loan Association, which was founded in 1946 by a group of civic minded men and women, including H.A. Howard, a real estate broker, Dr. H. Claude Hudson, a dentist and community leader, and Paul R. Williams, a noted architect.
These leaders had identified the need for conventional loans to minority consumers, many of whom were returning veterans.
They observed that minority consumers were being ignored by the then existing financial institutions, and loans, if available at all, carried high interest rates.
