Interview with Sonny Wright
QUESTION 4
INTERVIEWER:

Tell me about the bank. What's its name and how did it come about?

SONNY WRIGHT:

The bank. Peoples' National Bank of Commerce. In 1983, January the fifth, 1983, after one year of--


INTERVIEWER:

Okay. Tell me about the bank. How did it come about, what's its name?

SONNY WRIGHT:

Peoples' National Bank of Commerce. On January the 5th, 1983 we established the Peoples' Bank, National Bank of Commerce. It was an existing bank. We bought the bank and it was the first time that in Dade County that there was a, that there was a Black bank. And it was something that I believe everybody in Dade County wanted to see happen. All the Black people at least wanted to see it happen. And I think the total community for that matter because there never was a Black bank, a real Black bank in Dade County. And we were able to, with the help of our, of our friends, acquire this bank. And it was to me, and to others who participated with us, including Joe Robbie incidentally who's the owner of the Miami Dolphins who played a very key role in help us, in helping us, helping us to acquire the bank, along with some other people from the Cuban community, Raoul Marspidal[SIC] for example who at that time owned a bank and was very helpful. And I mention that because I think it's important to know that there was other people in the community besides the Black community who also felt that it was a good thing to have a Black bank. And we did get quite a bit of cons--cooperation from the total community in establishing the bank. But it was a dream that came true and the bank is something that we hope will be able to play a role in this community to help to bring about the economic development which we've all been striving to achieve all these many years.