Global Commerce Bank
|This article does not cite any references (sources). (August 2008)|
|Industry||Finance and Insurance|
|Founded||Doraville, Georgia, U.S. (1995)|
|Headquarters||Doraville, Georgia, U.S.|
|Revenue||N/A (Asset = $ 87 million)
Return on assets = 1.91
Return on equity = 15.16
The location of Global Commerce Bank in the south reflects one of the newest trends of Chinese American and Asian American population diffusion into the area other than the traditional regions settled by Asian Americans such as the western United States and northeastern United States. All of the current directors and most of the investors are American citizens of Chinese ancestry. The bank is located in the Asian Square, next to the 99 Ranch Market.
In addition to the traditional banking services provided to the local community, Global Commerce Bank also offers credit instruments, such as letters of credit that facilitate international trade. Based on Georgia Banks’ performance report for the year 2003, Financial Management Consulting Group ranked Global Commerce Bank as the 9th best performing bank among 323 banks in Georgia.
On March 2, 2012, FDIC became the receiver of Global Commerce Bank as it was closed by Georgia Department of Banking. For further information, please see FDIC press release.
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