American Continental Bank Explained

American Continental Bank
Type:Private
Foundation:October 6, 2003
Location:Los Angeles County, California
Key People:Mr. Terry Lou, CEO
Industry:Finance and Insurance
Products:Banking
Assets:$ 328.579 million
Assets Year:March 31, 2021
Homepage:www.americancontinentalbank.com

American Continental Bank is an overseas Chinese bank in the United States. Headquartered in Industry, California, with a branch office in San Gabriel, California, the bank is privately held and was established on October 6, 2003.

The bank was first created by a group of local businessmen and individuals who were interested in providing specialized financial services to the Chinese community. The City of Industry, California is an area with higher concentration of factories, and the local Chinese population is greatly involved in production. As a result, the bank provides financial services to small and mid-sized businesses like other overseas Chinese banks in the United States, but the bank originally focused on those in the manufacturing industry.

In October 2022, the Taiwan-based Taichung Bank announced plans to acquire the American Continental Bank.[1]

References

  1. News: Pan . Tzu-yu and . Ko . Lin . Taichung Commercial Bank board agrees to acquire American bank . 4 October 2022 . Central News Agency . 1 October 2022. Republished as: News: TCB to purchase American Continental . 4 October 2022 . Taipei Times . 3 October 2022.

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