Bank of the Orient
|Industry||Finance and Insurance|
|Founded||San Francisco (1971)|
|Headquarters||California and Hawaii|
|Mr. David Tai, CEO & President
Mr. Kevin Shu, CFO
|Revenue||N/A (Asset = $ 460 million)
Return on assets = 0.58
Return on equity = 7.57
Headquartered in San Francisco, with branch offices in California, Honolulu, and Xiamen, this privately held bank is one of few Asian American banks in the United States that has successfully expanded beyond their original communities. The bank was established on March 17, 1971.
The first solely owned Asian American bank to be launched in California since World War II, Bank of the Orient was founded in 1971 by Ernest Go, a Chinese Filipino whose family was successful in international banking business. The bank originally served the local Chinese and Asian communities in San Francisco, where most of its branch offices still locate today, and with its success, the bank gradually expanded into Hawaii.
Bank of the Orient is one of the first to venture into the growing Chinese market and its Xiamen branch office was in business since the mid-1990s.
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