Far East National Bank (FENB; Chinese: 遠東國民銀行) was founded in 1974 by Henry Y. Hwang[1] as the first federally chartered Asian American bank in the United States. FENB has over 600 employees and total assets exceeding US$1.7 billion. It became a wholly owned subsidiary of Taiwan's Bank Sinopac in 1997. Services are provided through nine branches throughout the Los Angeles and San Francisco areas. The bank opened its first overseas branch in Ho Chi Minh City, Vietnam, in October 2004. The corporate headquarters is at Chinatown Los Angeles.
In 2017 the bank merged with Cathay Bank.[2]
Trivia[edit]
- Henry Y. Hwang, the founder of Far East National Bank, is the father of Tony Award winning playwright David Henry Hwang, and appears as a major character in David's play Yellow Face.
References[edit]
- ^ Martin, Douglas (13 October 2005). "Henry Y. Hwang Dies at 77; Founded Asian-American Bank". The New York Times. Retrieved 2018-11-18.
- ^ Bancorp, Cathay General. "Cathay General Bancorp Completes Merger Between Cathay Bank And Far East National Bank". www.prnewswire.com (Press release). Retrieved 2018-11-18.
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