Pacific Global Bank Explained

Pacific Global Bank
Foundation:Chicago
Fate:Acquired
Location:Chicago
Key People:Betty Chow
Industry:Financial services
Owner:Royal Business Bank
Products:Banking

Pacific Global Bank was a chinese American commercial bank in the United States. It was headquartered in Chicago, with 3 branches in Chinatown, Chicago and Bridgeport, Chicago, the community bank was acquired in September 2019 by Royal Business Bank.

Although the bank generally provides the similar kind of services catering to the local Chinese community, its clients include greater portions of scientists and engineers than other overseas Chinese banks, which cater more to small business owners and importexport merchants. This reflects the general occupational trend of Chinese Americans in the Chicago region, and had helped the bank expand rapidly.

History

The bank was established on the 9 November 1995 in Chicago.

In September 2019, Pacific Global Bank was acquired by Royal Business Bank for $32.5 million.[1]

References

  1. Web site: 2019-09-06. Pacific Global sale brings L.A.-based Chinese-American bank to Chicago. 2021-06-04. Crain's Chicago Business. en.

External links