Golden Security Bank Explained

Golden Security Bank
Industry:Banking
Fate:Acquired by First General Bank
Location:Rosemead, California

Golden Security Bank was a bank headquartered in Rosemead, California, with operations in Southern California. The bank catered to Chinese-Americans in low- and moderate-income areas. In 2011, the bank was acquired by First General Bank.

History

The bank was established on August 27, 1982 in the Chinatown neighborhood of Los Angeles.

In October 2005, the bank's headquarters were moved to Rosemead, California.

In 2009, state regulators ordered the company to raise capital.[1]

In 2011, the bank was acquired by First General Bank.[2] [3]

Notes and References

  1. News: Irvine's MetroPacific Bank is shut down . E. Scott . Reckard . . June 27, 2009.
  2. First General Bank and Golden Security Bank Merger Completed . . August 24, 2011.
  3. First General Bank and Golden Security Bank to Merge . . May 26, 2011.