Chinese American Bank Explained

Chinese American Bank
Type:Private
Foundation:1967
Defunct:2007
Fate:Acquired by United Commercial Bank
Location:New York City, New York, U.S.
Industry:Finance and Insurance
Products:Banking
Aum:$ 321.597 million-->

The Chinese American Bank was an overseas Chinese bank in the United States headquartered in New York City, with branch offices in Chinatown, Manhattan and in Chinatown, Flushing.[1]

The privately owned community bank was established in 1967 to serve the Chinatown community.[2] A burgeoning community of Chinese immigrants in the Flushing Chinatown prompted the bank to open another branch there.

The Chinese American Bank was acquired by United Commercial Bank in the second quarter of 2007; United Commercial Bank later went defunct and was acquired by East West Bank in November 2009.

References

40.7164°N -73.9958°W

Notes and References

  1. Book: Lin, Jan . Reconstructing Chinatown: Ethnic Enclaves and Global Change . U of Minnesota Press . 978-1-4529-0356-9 . 95 . en.
  2. News: 1967-08-02 . Chinese American Bank Is Opened in Chinatown . en-US . The New York Times . 2023-02-16 . 0362-4331.