Today's Date: January 22, 2022
carafem Adds Rhode Island to Growing Number of U.S. States That Can Access Its Affordable, Convenient Abortion Pill by Mail Serv   •   Governor Mike DeWine Proclaims Jan. 23-Jan. 29 "Ohio School Choice Week"; Recognizes Options as Vital in K-12 Education   •   Atria Taps Alexa to Empower Senior Residents   •   TOMORROW: First New Jersey School Choice Fair to Bring Families Buffet of Learning Options   •   The Women at This Tech Company Are Breaking Barriers   •   The Estée Lauder Companies to Webcast Discussion of Fiscal 2022 Second Quarter Results on February 3, 2022   •   Global Leadership Community The She-Suite Announces 7th Powerful Summit Set for March 11, 2022   •   Everlight Solar: A Year of Giving and Growing   •   TOMORROW: School Choice Fair at Houston Zoo to Mark National School Choice Week 2022   •   Enterprise Connect 2022 Expands Conference Program, Adding Keynotes from Google Cloud, Microsoft and RingCentral   •   Naturepedic Joins the Health Product Declaration® (HPD) Collaborative in Support of Promoting Product Transparency and Mater   •   University of Phoenix Sponsors Social Roots Mental Health Summit   •   AVOCADO GREEN launches "Natural As love" T-Shirt TO support lgbtq+ community   •   Over 10,000 new affordable homes for Canadians   •   Expedia Group Reveals Industry Outlook and Predictions for 2022   •   AVYA Skincare Selected as A Brand to Watch in 2022   •   Sports Illustrated Swimsuit Announces Pay With Change Initiative, Mandating New Standards For Advertising In 2022 Issue: Progres   •   MEDIA ALERT – With the 2022 tax filing season starting next week, taxpayers need to be aware of new complexities   •   Cook Center for Human Connection Partners with American Federation of Teachers’ Share My Lesson Platform to Offer Student   •   ZT Corporate Appoints First Female Chief of Staff
Bookmark and Share

Wells Fargo Reaffirms Commitment to the Hispanic Community with a $2MM Gift for the National Museum of the American Latino

SAN FRANCISCO , December 02 /Businesswire/ - The following is a contributed article by Patty Juarez and Ruben Barrales.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211202005272/en/

(Photo: Wells Fargo)

(Photo: Wells Fargo)

Wells Fargo has reaffirmed its commitment to the Hispanic and Latino community with a $2 million donation to the Smithsonian Latino Center in support of the historic National Museum of the American Latino and the development of the Molina Family Latino Gallery. Wells Fargo is a corporate founder of the Latino Gallery and a founding donor of the National Museum of the American Latino, as well as the first financial institution to commit $2 million to the project.

Ever since the first Wells Fargo opened its doors for business in 1852, Hispanic and Latino employees have been a key part of our company. From the start, we hired Spanish-speaking employees who could serve the large population of people who had migrated from Mexico and Central and South America and had been living in California for decades before it became a U.S. state in 1850.

It is important for us to honor and capture the many contributions U.S. Hispanics and Latinos have made through arts and culture, science and technology, business, sports and activism. All of these have made America a stronger, better, more equitable and inclusive country. Moreover, it is incumbent on us to tell the story correctly.

We see the museum as an opportunity to reinforce that we celebrate the Latino community, and we look forward to being a part of this historic new chapter. But as historic as this point in time is, it is really about the future. We know that the Latino community in our country is growing in its significance and contributions.

Today, approximately one in five individuals in the United States identifies as Hispanic or Latino. The median family wealth of Hispanic households grew nearly three times faster than the average U.S. household in the last decade. From 2010-2019, two-thirds of U.S. labor force growth came from workers identifying as Hispanic. This community loves the American dream. They want to own a home, form a family, graduate from college, get a good-paying job and start creating wealth for future generations.

With help from Wells Fargo, the National Museum of the American Latino and the Molina Family Latino Gallery will honor the strides and contributions that we Hispanics and Latinos have made and continue to make in our country. Celebrating and understanding what we have achieved in the past will help guide us to an even prouder and more prosperous future. That is why it is important to support the building of the museum.

In fact, Wells Fargo was an early supporter of the idea of a Latino American museum, even before Congress authorized the project in December 2020. The Hispanic and Latino employee resource group led a conversation with senior leadership about the importance of supporting the museum. We worked closely with Eduardo Díaz, Director of the Smithsonian Latino Center, and Jennifer Pichardo, Senior Advancement Officer at the Smithsonian, to see what role Wells Fargo could play. The project is something we took personally within the organization so we could see our support of the museum become a reality.

Additional fundraising from individuals and corporations, as well as site-selection on the National Mall and development of the project, will take many years. In the meantime, the Molina Family Latino Gallery at the Smithsonian’s National Museum of American History will open in 2022 as a preview of the eventual National Museum of the American Latino.

We are a proud partner of the Smithsonian Latino Center and we honor our Hispanic and Latino employees and customers with this commitment. Wells Fargo’s success is tied to the success of the communities we serve. We want to meet the community’s diverse financial needs so people can achieve and maintain financial prosperity, which leads to the creation of generational wealth. We continue to engage in initiatives that advance positive customer, community and workplace outcomes.

Many of our customers are Hispanic and Latino, and many of our branches are located in Latino neighborhoods where we serve them in Spanish. Even in these modern, mobile times we can still provide that in-person, in-language service that is so valuable and so important to the Latino community. We want to be there in whichever way they need us to be there for them. Our success as a bank is tied to us serving the communities that we live and work in. That includes the Hispanic and Latino community and many other diverse communities.

The Hispanic and Latino communities lead first-home purchases in the United States, and Wells Fargo is one of the leading banks helping them purchase those homes. In fact, overall our commitment to the Latino community has been growing faster than any other segment of our business. Through the end of 2020, Wells Fargo helped more than 188,000 Hispanic families become homeowners with $48.7 billion in financing. Additionally, we see growth in small business, middle market and corporate and investment banking opportunities in our market among Latino-owned and led businesses.

Our passion for our community comes from within. We both come from immigrant families who came to this country to pursue the American dream. Many of our colleagues have similar backgrounds, so we honor and support them by sharing our combined stories. The Hispanic and Latino community at Wells Fargo is the largest minority group at our company. We have more than 41,000 Hispanics and Latinos representing approximately 17% of Wells Fargo employees. And this group is growing. Those coming behind us are coming in with great force and great skills. Our job as leaders is to help usher the future generations behind us. We have a huge population in our company of Hispanic millennials and Gen Zers – and younger. The fact that we have such fantastic and talented youth makes us want to work that much harder to ensure their future is that much brighter within our company.

Patty Juarez, is Wells Fargo’s Executive Vice President & Head of Diverse Segments-Commercial Banking and has worked for the company since 1995.

Ruben Barrales is Wells Fargo’s Senior Vice President, External Engagement, Diverse Segments, Representation and Inclusion and has worked for the company since 2019.


STORY TAGS: Photo/Multimedia, Professional Services, Philanthropy, Consumer, Fund Raising, Finance, Hispanic, Banking, California, Advisory, Corporate Social Responsibility, Mexico, United States, Central America, North America,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
Breaking News
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News