Southwestern National Bank
Encyclopedia
Southwestern National Bank
(美南銀行, Měi Nán Yínháng) is an overseas Chinese bank in the United States
with headquarters in Chinatown
and in Greater Sharpstown
in Houston, Texas
. Other Texas branches include Plano, Texas
, Richardson, Texas
, Austin, Texas
and Sugar Land, Texas
, this privately-held community bank
was founded on November 3, 1997.
The location of Southwestern National Bank (美南銀行) in the south
reflects one of the newest trends of Chinese American
and Asian American
population diffusion into areas other than the traditional regions settled by Asian American
s, such as the western United States
and northeastern United States
. The establishment of this bank was in accompany with the booming economy of the late 1990’s of Chinatown, Houston
and also the Telecom Corridor
(Silicon Prairie) in suburban Dallas, Texas
. These two trends attracted a significant amount of Chinese
/ Asia
n scientists, engineers, immigrants, businessman, and real estate investors into the area.
In addition to the traditional Chinese
clients, a significant number of the ethnic minority clients of Southwestern National Bank (美南銀行) are Hoa (Chinese Vietnamese), India
n, and Vietnamese
, and the bank
was consequently among the first bank
s to offer the service of Vietnam
money remittance in its international bank
ing business.
In June 2007 SWNB Bancorp Inc.,the holding company
for Southwestern National Bank unveiled its newest subsidiary
, Nevada National Bank which is headquartered in Las Vegas, Nevada
. There are currently 2 locations in Las Vegas, Nevada.
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...
(美南銀行, Měi Nán Yínháng) is an 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...
with headquarters in Chinatown
Chinatown, Houston
Chinatown is a community in southwestern Houston, Texas, United States. It is roughly bounded by Fondren, Beechnut, State Highway 6, and Westpark, west of Bellaire in the Alief area. The naming of the new Chinatown is disputed, as various ethnic groups live within the community...
and in Greater Sharpstown
Greater Sharpstown, Houston
Greater Sharpstown is a district in Houston, Texas, United States. The Greater Sharpstown Management District controls the area within the district. The district includes the Sharpstown subdivision, the portion of Chinatown inside Beltway 8, and other nearby subdivisions.-History:The Sharpstown...
in Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
. Other Texas branches include Plano, Texas
Plano, Texas
Plano is a city in the state of Texas, located mostly within Collin County. The city's population was 259,841 at the 2010 census, making it the ninth-largest city in Texas and the 71st most populous city in the United States. Plano is located within the metropolitan area commonly referred to as...
, Richardson, Texas
Richardson, Texas
Richardson is a city in Dallas and Collin Counties in the U.S. state of Texas. As of the 2010 census, the city had a total population of 99,223. In 2011 the population was estimated to be 107,684. Richardson is an affluent inner suburb of Dallas and home of the Telecom Corridor with a high...
, Austin, Texas
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
and Sugar Land, Texas
Sugar Land, Texas
Sugar Land is a city in the U.S. state of Texas within the metropolitan area and Fort Bend County. Sugar Land is one of the most affluent and fastest-growing cities in Texas, having grown more than 158 percent in the last decade. In the time period of 2000–2007, Sugar Land also enjoyed a...
, 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 founded on November 3, 1997.
The location of Southwestern National Bank (美南銀行) in the south
Southern United States
The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive area in the southeastern and south-central United States...
reflects one of the newest trends of Chinese American
Chinese American
Chinese Americans represent Americans of Chinese descent. Chinese Americans constitute one group of overseas Chinese and also a subgroup of East Asian Americans, which is further a subgroup of Asian Americans...
and Asian American
Asian American
Asian Americans are Americans of Asian descent. The U.S. Census Bureau definition of Asians as "Asian” refers to a person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent, including, for example, Cambodia, China, India, Indonesia, Japan,...
population diffusion into areas other than the traditional regions settled by Asian American
Asian American
Asian Americans are Americans of Asian descent. The U.S. Census Bureau definition of Asians as "Asian” refers to a person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent, including, for example, Cambodia, China, India, Indonesia, Japan,...
s, such as the western United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and northeastern United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The establishment of this bank was in accompany with the booming economy of the late 1990’s of Chinatown, Houston
Chinatown, Houston
Chinatown is a community in southwestern Houston, Texas, United States. It is roughly bounded by Fondren, Beechnut, State Highway 6, and Westpark, west of Bellaire in the Alief area. The naming of the new Chinatown is disputed, as various ethnic groups live within the community...
and also the Telecom Corridor
Telecom Corridor
The Telecom Corridor is a technology business center in Richardson, Texas , a northern suburb of Dallas, which contains over 25 million square feet of office space and accounts for over 82,600 jobs. The Corridor is a strip about 6.5 miles long along U.S...
(Silicon Prairie) in suburban Dallas, Texas
Dallas, Texas
Dallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
. These two trends attracted a significant amount of Chinese
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
/ Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
n scientists, engineers, immigrants, businessman, and real estate investors into the area.
In addition to the traditional Chinese
Chinese people
The term Chinese people may refer to any of the following:*People with Han Chinese ethnicity ....
clients, a significant number of the ethnic minority clients of Southwestern National Bank (美南銀行) are Hoa (Chinese Vietnamese), India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n, and Vietnamese
Vietnamese people
The Vietnamese people are an ethnic group originating from present-day northern Vietnam and southern China. They are the majority ethnic group of Vietnam, comprising 86% of the population as of the 1999 census, and are officially known as Kinh to distinguish them from other ethnic groups in Vietnam...
, and the 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 consequently among the first 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:...
s to offer the service of Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
money remittance in its international 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:...
ing business.
Subsidiaries and affiliates
Nevada National BankIn June 2007 SWNB Bancorp Inc.,the holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for Southwestern National Bank unveiled its newest subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
, Nevada National Bank which is headquartered in Las Vegas, Nevada
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
. There are currently 2 locations in Las Vegas, Nevada.