Chinese American Bank
Encyclopedia
The Chinese American Bank (中美銀行) was an overseas Chinese bank in the United States
headquartered in New York City
, with branch offices
in Chinatown, Manhattan
and in Chinatown, Flushing
.
The privately-owned community bank
was originally established in 1967 to serve the ethnic Chinese
in Chinatown
. 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 failed and was acquired by East West Bank
in November 2009.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
headquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, with branch offices
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....
in Chinatown, Manhattan
Chinatown, Manhattan
Manhattan's Chinatown , home to one of the highest concentrations of Chinese people in the Western hemisphere, is located in the borough of Manhattan in New York City...
and in Chinatown, Flushing
Chinatown, Flushing
Chinatown, Flushing, or Flushing Chinatown , in the Flushing area of the borough of Queens in New York City, is one of the largest and fastest growing ethnic Chinese enclaves outside of Asia, as well as within New York City itself...
.
The privately-owned community bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
was originally established in 1967 to serve the ethnic Chinese
Han Chinese
Han Chinese are an ethnic group native to China and are the largest single ethnic group in the world.Han Chinese constitute about 92% of the population of the People's Republic of China , 98% of the population of the Republic of China , 78% of the population of Singapore, and about 20% of the...
in Chinatown
Chinatown, Manhattan
Manhattan's Chinatown , home to one of the highest concentrations of Chinese people in the Western hemisphere, is located in the borough of Manhattan in New York City...
. A burgeoning community of Chinese immigrants in the Flushing Chinatown
Chinatown, Flushing
Chinatown, Flushing, or Flushing Chinatown , in the Flushing area of the borough of Queens in New York City, is one of the largest and fastest growing ethnic Chinese enclaves outside of Asia, as well as within New York City itself...
prompted the bank to open another branch there.
The Chinese American Bank was acquired by United Commercial Bank
United Commercial Bank
United Commercial Bank was an overseas Chinese bank in the United States, based in San Francisco, CA. It was a subsidiary of UCBH Holdings. Founded in 1974 as United Federal Savings and Loan Association, it changed its name to United Savings Bank, and finally United Commercial Bank in 1998...
in the second quarter of 2007; United Commercial Bank failed and was acquired by East West Bank
East West Bank
East West Bank is a Chinese American bank in the state of California in the United States. It has 119 branch locations in northern and southern California, Georgia, Massachusetts, New York, Texas, Washington, two overseas branches in Hong Kong, one each in Shanghai and Shantou and representative...
in November 2009.