Golden State Mutual

Coby Kindles  |   OW Contributor
Dec 29 2011

State wants to sell, but locals push to keep them

During the 1940s, Golden State Mutual became the largest Black-owned insurance company on the West Coast and it became a cornerstone of the Black community in Los Angeles. It was one of the first companies to offer life insurance to African Americans in L.A.

The company’s headquarters building, located in the West Adams district, was designed by Black architect Paul Williams. The building itself became a piece of Black history, when the Los Angeles Cultural Heritage Commission approved its designation as a Historic-Cultural monument on April 7.

Coby Kindles  |   OW Contributor
Apr 28 2011

State wants to sell, but locals push to keep them

During the late 1940s, Golden State Mutual became the largest Black-owned insurance company in the western United States. It was one of the first companies to offer life insurance to this city’s African American population, and it operated for 60 years from its home office in the West Adams district until closing a few years ago.

Cynthia E. Griffin-  |   OW Managing Editor
Jun 26 2009

Determination to direct his own future led entrepreneur to success

In the early years of his working life, Billy Calvin Campbell realized something essential about who he was: “I didn’t want a job, I wanted an opportunity.”

Campbell wanted an opportunity to earn money based on his skills, not on what an employer decided his time was worth.

Feb 26 2009

Number of commercial real estate loans increased

Los Angeles, CA -- The current economy has affected the financial situation of many banks and other financial service institutions. Loans can be difficult for small businesses to obtain. Minority owned Golden State Mutual, on the other hand, is actively seeking to increase the number of loans it offers for commercial real estate.

“We are in a strong position to offer small businesses commercial real estate loans to help provide growth to the community,” said President/CEO Larkin Teasley.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.

California
San Diego college students and volunteers will carry out their sixth home restoration project on Wednesday, July 10 through Sunday, July 14. as part of the “Healing our Heroes’ Homes” (H3) program created by the nonprofit Embrace. The five-day effort will take place at the home of medically retired Marine Corps Capt. Sarah Bettencourt. Bettencourt served with many different units across the country during the Global War on Terrorism and developed a rare neurological disorder in 2008. With a focus to restore the homes of disabled veteran homeowners, H3 falls in line with Embrace’s mission to mobilize college-student volunteers and community members to serve less fortunate members of civilian and veteran communities. The project for the Bettencourts’ home includes kitchen and bathroom remodeling, building ADA-compliant disability ramps, widening their driveway to ADA standards, widening doorways and landscaping.
 
District of Columbia
The 2013 Smithsonian Folklife Festival will showcase its five-year community research project on African American identity with the program “The Will to Adorn: African American Diversity, Style, and Identity.” This multicity collaboration examines the history and culture of the aesthetics of African Americans. The festival will be held June 26-30 and July 3-7, outdoors on the National Mall between Seventh and 14th streets. “Whether we realize it or not, we are all dress artists. The way we compose our look is a creative expression of our ideas about who we are and who we aspire to be,” said Diana N’Diaye, program curator. “This program explores the diversity of African American traditions of style, but also teaches young people the importance of documenting their own culture and saving that information for themselves and future generations.”