Most financial institutions looking to open in San Francisco’s gay Castro district can usually bank on facing opposition. Many residents and merchants say the neighborhood is already saturated with enough banks that create dead zones throughout the commercial corridor.
Umpqua Bank officials are finding this maxim to be true as they seek approval to open a Castro branch in the 18th Street storefront that now houses Magnet, the gay men’s health clinic, which is slated to relocate this summer to a new location around the corner on the 400 block of Castro Street.
As the Bay Area Reporter noted on its blog last November, the bank intends to reskin the 18th Street building, which is adjacent to a city parking lot, and upgrade the facade and entrance way. It also is proposing to work with the community to install a mural on the side of the structure fronting the parking lot entrance and possibly install a new structure for local organizations to post their posters.
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