When you take a look at the combination of banks and their owners, you will find out that the size of the Asian American banks is increasing. The Asian American community is growing day by day you can really understand by looking at the size and growth of these banks. In the 50 years of time the Asian American community is the fastest growing community in all of the world and in the US.
As we all know, banks are really important for the individual’s financial life. You can store your money with extreme security at the banks with the help of checking and savings accounts. Besides all these facilities the banks are also providing more gauges and loans to the consumers. Each consumer can gain a mortgage according to their income strength.
Let’s take a look at the list of Asian American banks.
Cathay Bank
This bank was established in 1962 through the Chinese Americans. This is one of the oldest banks in the US. This bank opened its office in 1985 in Hong Kong. After expanding to New York the bank started expanding itself in other states of China as well.
This bank established a spot in the best banks in America in Forbes. This bank has 60 branches in the world. With the ATMs this bank also provides personal and business accounts as well as services like international banking and market update.
Bank of Hope
This is the bank which came from hope bancorp. It is the Korean American bank which was founded and established in Los Angeles. This bank has also given out scholarships to the students through the scholarship foundations. With 54 branches in all over the world this bank is providing services in the online field as well as in brick and mortar manner.
Royal Business Bank
This is the youngest bank on the list because it was opened in 2008 in Los Angeles. This bank has established multiple branches in all the regions. Across California and Nevada, this bank has almost 16 branches. It has $4 billion of assets. This bank is providing its facilities in the online and as well as brick and motor manners. The main facilities of Chase bank are personal as well as business accounts.
Bank of guam
The bank of Guam was founded in 1976. This bank is filled with the history and reputation of doing humanitarian work. In the western Pacific this bank has about 24 branches. Approximately 80 ATMs are present in the western Pacific under these bank’s names. This bank provides services in the business as well as personal sector such as it provides checking and savings banks as well as loans and mortgages to its consumers.