Growing up as a child of a small business owner and Mexican immigrants helped guide Raul Anaya’s path to Bank of America, where he began his career in 1989. Today he is President of Business Banking and President for Greater Los Angeles. “I always remember my roots as the son of immigrant parents,” Raul said. “I view my success as an opportunity to pay it forward and to help others around me become better bankers, better leaders and better individuals.” One of the ways Raul is paying it forward is as member of the Hispanic-Latino Executive Council, which is comprised of the bank’s most senior Hispanic-Latino executives who help devise strategies to influence how the company advances outcomes related to talent, responsible growth, and social responsibility.
Investing in Hispanic-Latino teammates, clients and communities we serve
I always remember my roots as the son of immigrant parents. I view my success as an opportunity to pay it forward and to help others around me become better bankers, better leaders and better individuals.
We are proud to serve over fifteen million Hispanic-Latino clients and businesses. About one in every three checking accounts opened with us are by Hispanic-Latino clients. In addition, we continue to support our Hispanic-Latino clients' financial wellness– whether that is through programs like Mejores Hábitos Financieros™ (Better Money Habits) where we provide free, online tools and education to help build financial literacy by delivering complete investment and wealth management solutions or helping them grow their businesses.
We continue to invest in the Hispanic-Latino communities we serve and are delivering on our commitment to advance economic opportunity for all people and communities with a focus on affordable housing, health, jobs, and small business. Examples include:
- We committed $550 million in equity investments to more than 150 minority and women-led funds. Of the funds we have currently in our portfolio, 23% are led by Hispanic-Latino managers.
- Through our $25 million signature jobs initiative, we are working with 21 higher education institutions, of which 10 serve primarily Hispanic-Latino Students, to up-skill and reskill Hispanic-Latino and Black individuals.
- We continue to partner with UnidosUS on the Latinos in Finance program and increased our investment in 2023 and 2024 to over $1.5 million.
- We continue to invest in Excelencia in Education, a Latina-led national organization working to accelerate Latino student success in higher education with a Latino lens.
In the past two years, the Bank has committed $500K to the Hispanic Scholarship Fund, a national nonprofit supporting Hispanic American higher education providing scholarships and support services to Hispanic-Latino students to acquire a college degree.
America’s history has been written in part by the many contributions of Hispanic-Latinos and we are honored to support partners like the Smithsonian National Museum of American History where Raul serves on the board of trustees for the new National Museum of the American Latino in Washington DC, with a total gift of $2 million.
Bank of America is a founding donor of the Molina Family Latino Gallery, the first gallery at the Smithsonian dedicated to recognizing and celebrating Latino history and culture. The gallery will serve as a focal point for Latino scholarship and is the first physical presence of the National Museum of the American Latino.
10/15/24
Explore more
Meet a Neighborhood Builders® Advancing Social Equality Award winner External link, opens in a new tab
Bank of America earns top score on Disability:IN Disability Equality Index
