Mobile Banking App Update

Community Reinvestment Act


Community Reinvestment Act (CRA) was enacted by Congress in 1977 to encourage financial institutions to meet the credit needs of the entire communities they serve, including low and moderate income areas. Wilshire Bank, with its mission to provide banking services to the underserved multi-ethnic population of the community, is aiming to meet the credit and banking service needs of its communities.

Wilshire Bank is focusing on serving small businesses as the most efficient and effective way of meeting the credit needs of its communities. As reflected in the bank's small business lending trend in numbers and amounts over the years, the bank's business strategy corroborates with its mission of serving the credit needs of its communities.

Wilshire Bank has been continuously investing in the loan syndication programs that extend micro loans to small and start-up businesses in low and moderate income areas providing them a foundation to build their standard borrowing capacities. Wilshire Bank has extended construction loans and invested in qualified fund investments for affordable housing projects. Through various non-profit organizations in the communities, Wilshire Bank has reached out to the underserved communities by providing community development services.

Reaching out to Communities

Wilshire Bank continues to enhance products, services, and delivery channels to meet the needs of the communities.

CRA Contact Information:

Corporate Headquarters

          Wilshire Bank
          Compliance Department
          3200 Wilshire Blvd.
          Los Angeles, CA 90010


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