EverTrust Bank explained

EverTrust Bank
Type:Private
Location:City of Industry, California
Industry:Financial services
Assets:US$839 million
Assets Year:December 2022
Owner:O-Bank

EverTrust Bank is an overseas Chinese bank in the United States. Headquartered in City of Industry, California with branch offices in Los Angeles and Orange County,[1] it is privately held and was established on May 3, 1995. O-Bank, a commercial bank based in Taipei, acquired EverTrust Bank in April 2007.[2]

In comparison to other overseas Chinese banks in the United States established earlier, EverTrust originally served newly arrived immigrants at its inception. As a local community bank, the expansion of EverTrust Bank mirrored the diffusion of Chinese immigrants in Orange County, California, and its new client base in upscale neighborhoods is generally wealthier than other immigrants.[3]

Notes and References

  1. Web site: 2006-07-18 . EverTrust Bank to be sold to Industrial Bank of Taiwan . 2024-01-09 . L.A. Business First.
  2. Web site: 2007-04-02 . Industrial Bank of Taiwan finalizes acquisition of EverTrust Bank . 2024-01-09 . NS Banking . en-US.
  3. Web site: 2004-08-08 . Asian Boom Fuels Creation of New Banks . 2024-08-03 . Los Angeles Business Journal . en-US.