- The State of Latino Los Angeles - UCLA Chicano Studies Research Center - November 2009
- Between Two Worlds: How Young Latinos Come of Age in America - Pew Research Center - December 2009
- The Mexican Origin Middle Class in Los Angeles - USC - December 2009
Mr. Tobar highlights the December 2009 report of Dr. Jody Agius Vallejo. The USC researcher looked at the "pathways to success" that allow even people of humble immigrant origins to reach middle-class status. Her work rebuts the widespread perception that Mexican immigrants and their offspring are following a trajectory of downward mobility into a permanent underclass.
Dr. Vallejo's study focused on individuals that possessed at least three of these four characteristics:
- College educations,
- Higher than average income,
- White-collar jobs, and
- Home ownership.
According to Dr. Dowell Myers, a healthy middle class with Latin American roots is critical to the entire country's future too. This is the thesis of Dr. Myers book, "Immigrants and Boomers: Forging a New Social Contract for the Future of America."
When I was in school one of the first lessons I was taught was the importance of the mission statement. Pan American Bank's mission is to transform and empower Latino communities through banking relationships built on trust, service, respect, communication, and guidance. This means we have a direct responsibility to operate our business in a manner that is consistent with that mission. There is much that we as a community bank and community leader can do to contribute to the improvement of our communities. I am happy to say that every day we are closer to fulfilling our mission.