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Broadway Federal Bank and DaVita Announce $1 Million Investment
By Francis Taylor (Contributing Writer)
Published January 14, 2010

Broadway Federal Bank and DaVita Announce $1 Million Investment to Support Underserved Communities

Brian Parker, DaVita VP Special Projects and Paul Hudson, President and CEO of Broadway Federal Bank

By Francis Taylor
Sentinel Staff Writer

Underserved residents of Inglewood and adjacent communities will benefit from Davita Inc.’s Los Angeles Minority Bank initiative with a $1million investment in Broadway Federal Bank. The announcement came earlier this week at a press conference held at the bank’s Inglewood Branch in Downtown Inglewood.

Davita Inc., a leading provider of kidney care services for those diagnosed with chronic kidney disease (CKD) was commended by local elected officials and members of the Inglewood community for their investment in Broadway Federal Bank as part of an initiative aimed at investing in minority communities.

“We are pleased to be a part of DaVita’s National Minority Bank Investment Initiative and today’s Kidney Care and Senior Wellness Fair in the Inglewood Community,” Paul Hudson, Broadway Federal’s Chairman and CEO said on Tuesday. “Our relationship with DaVita enables us to extend Broadway Federal’s strong legacy of community involvement and economic development by positively engaging in the overall health and well-being of our customers.”

DaVita’s Investment in Broadway Federal Bank, the community-oriented bank that primarily originates residential, church, and commercial mortgage loans and conducts funds acquisition in the geographic areas of Mid-City and South Los Angeles, will allow the bank to make those funds available through their five full-service branches, four in the City of Los Angeles and one in the nearby City of Inglewood.

Their investment is part of the kidney care provider’s more than $5 million National Minority Bank Investment Initiative, an effort to create jobs and aid community development in underserved communities across the country including Los Angeles, Washington, D.C., New York City, and Columbia, S.C.

“DaVita is committed to developing business and community relationships that reflect our diverse base of patients and teammates,” Kent Thiry, DaVita CEO said. “Through our National Minority Bank Investment Initiative, Davita is supporting the revitalization of underserved neighborhoods it serves by helping minority-owned businesses to thrive.”

Inglewood Mayor Roosevelt Dorn was on hand to add his voice of support and commendation, on behalf of all of the citizens of Inglewood, to Broadway Federal Bank, DaVita, the National Kidney Foundation (KKF) and the Kidney Trust. With a family member who receives kidney dialysis on a regular basis, Dorn is particularly aware of the importance of kidney disease education, testing and treatment.

Dorn, shared the microphone with 4th District Inglewood Councilmember Ralph Franklin who stressed, “the importance of getting the word out about kidney disease education and detection and treatment so that progression of CKD to kidney failure may be delayed or prevented.”

Several State of California elected officials dispatched representatives to applaud the DaVita Minority Bank and Initiative and Broadway Federal Bank for their community-oriented services to the community. Speaker of the Assembly Karen Bass, State Senator Rod Wright, and Assembly Member Steven Bradford, were represented at the press conference and health screening which included kidney screenings and wellness counseling.

Special recognition was given to the National Kidney Foundation for the breadth of services they provide including the prevention of kidney and urinary tract diseases, The Kidney Trust for their work benefiting the 31 million American adults living with CKD, Dr.Bill Releford for the work his organization continues to do throughout the nation targeting Black men for early detection and treatment of a variety of health disorders, and Wal Mart Corporation, or their generous donation for the senior citizens who participated in the lunch, and wellness counseling.

Each year more than 100,000 Americans are diagnosed with End Stage Renal Disease (ESRD), commonly known as kidney failure, and require dialysis or kidney transplantation to survive. Today, approximately527,000 patients in the United States are living with kidney failure — more than half of whom are minorities.

Six percent of the US population has diabetes, the number one cause of kidney disease. One out of four Americans has high blood pressure, the second leading cause of kidney disease.

Categories: Local

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