Los Angeles National Bank
Encyclopedia
Los Angeles National Bank (Chinese: 世界華商銀行) is 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 serves the local disadvantaged ethnic populace, the Los Angeles
National Bank
primarily focuses 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 concentrates on serving the local Chinese
communities, but its clients are rather upper middle class
in comparison to its counterparts, and while it does not have as many offices as its counterparts in California
, it does have a representative offices in Flushing, Queens
for its rather a unique way of expansion.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Headquartered in Buena Park, California
Buena Park, California
Buena Park is a city in northwestern Orange County, California. As of Census 2010 the population was 80,530. The city is adjacent to the city of Anaheim and is 12 miles northwest of downtown Santa Ana. The Current OMB metropolitan designation for Buena Park and the Orange County Area is "Santa...
, 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 Silver Lake, Los Angeles
Silver Lake, Los Angeles, California
Silver Lake is a hilly neighborhood in the city of Los Angeles, California east of Hollywood and northwest of Downtown Los Angeles. Silver Lake is inhabited by a wide variety of ethnic and socioeconomic groups, but it is best known as an eclectic gathering of hipsters and the creative class.The...
and Monterey Park
Monterey Park, California
Monterey Park is a city in Los Angeles County, California, United States, east of downtown Los Angeles. The city's motto is "Pride in the past, Faith in the future"...
, this privately-held 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 first established on December 18, 1973.
In contrast to other traditional overseas Chinese bank in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
of its era that primarily serves the local disadvantaged ethnic populace, the Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
National Bank
National bank
In banking, the term national bank carries several meanings:* especially in developing countries, a bank owned by the state* an ordinary private bank which operates nationally...
primarily focuses 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
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
of its era in that it concentrates on serving the local 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...
communities, but its clients are rather upper middle class
Upper middle class
The upper middle class is a sociological concept referring to the social group constituted by higher-status members of the middle class. This is in contrast to the term "lower middle class", which is used for the group at the opposite end of the middle class stratum, and to the broader term "middle...
in comparison to its counterparts, and while it does not have as many offices as its counterparts in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, it does have a representative offices in Flushing, Queens
Flushing, Queens
Flushing, founded in 1645, is a neighborhood in the north central part of the City of New York borough of Queens, east of Manhattan.Flushing was one of the first Dutch settlements on Long Island. Today, it is one of the largest and most diverse neighborhoods in New York City...
for its rather a unique way of expansion.