Los Angeles National Bank

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Los Angeles National Bank
TypePrivate
IndustryFinance and Insurance
FoundedDecember 18, 1973
DefunctMay 2013
FateAcquired by Royal Business Bank
HeadquartersBuena Park, California
Key people
Johnson M. Tsai, CEO
Angela Chi, CFO
ProductsBanking
Websitewww.lanbusa.com

Los Angeles National Bank (Chinese: 世界華商銀行) was an overseas Chinese bank in the United States. Headquartered in Buena Park, California, with branch offices in Silver Lake, Los Angeles and Monterey Park, this privately held community bank was first established on December 18, 1973.

In contrast to other traditional overseas Chinese bank in the United States of its era that primarily served the local disadvantaged ethnic populace, the Los Angeles National Bank primarily focused on small to medium size businesses of one to thirty million dollars in annual sales, and the executive, retail and professional community consisting predominantly of business owners and executives, doctors, attorneys, accountants and dentists.

The bank also has similarity with other traditional overseas Chinese bank in the United States of its era in that it concentrated on serving the local Chinese communities, but its clients were rather upper middle class in comparison to its counterparts, and while it did not have as many offices as its counterparts in California, it did have a representative offices in Flushing, Queens for its rather a unique way of expansion.

In May 2013, the bank was acquired by Royal Business Bank for an undisclosed amount.[1]

References[edit]

  1. ^ "News". Archived from the original on 2014-09-26. Retrieved 2014-09-26.

External links[edit]