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Disney invests in South Central Los Angeles bank. (Walt Disney Co.; Family Savings Bank)
The Walt Disney Company will invest in Family Savings Bank, which has served the African-American community of Los Angeles for the past 45 years.
The investment of $1 million, which will boost the bank's capital by 13.3 percent, was announced today by Wayne-Kent Bradshaw, president and chief executive officer of Family Savings.
"This welcome investment in our bank will increase our ability to make home loans available to local individuals by as much as $20 million," said Mr. Bradshaw.
"But more important, it is a significant …
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