Tomorrow will mark the formal return of the Gateway banking name
to the city in the form of the new St Louis Community Credit Union Gateway
Back in 1965, there wasn’t a single minority-owned
commercial bank in all of Missouri.But
Gateway Bank changed that.A group of African-American
businessmen opened a truly community-centered enterprise, and, for more than 40
years, Gateway Bank brought vital financial services to this neighborhood.Even more, it invested in the success of the
people it served.
Now, it will be doing so once again.
Access to banking is important.Without the ability to open a checking
account, build savings, or get a loan for a car or a home, it’s hard to achieve
upward mobility and get on a path to stable economic prosperity.
A community-centered bank also strengthens the
neighborhood.It helps people create and
protect wealth, and then take that wealth and reinvest in the people and places
The City is proud to have contributed $700,000 in Community
Development Block Grant funding to support Gateway Bank -- both in the physical
construction and also in financial assistance to provide financial literacy
education to the community.