EverTrust Bank

EverTrust Bank
Company typePrivate
IndustryFinancial services
FoundedMay 3, 1995; 29 years ago (1995-05-03)
HeadquartersCity of Industry, California
Key people
Total assetsUS$839 million (December 2022)
OwnerO-Bank
Websiteevertrustbank.com

EverTrust Bank (Chinese: 華信商業銀行; pinyin: Huáxìn Shāngyè Yínháng) is an overseas Chinese bank in the United States. Headquartered in City of Industry, California with branch offices in Los Angeles and Orange County,[1] it is privately held and was established on May 3, 1995. O-Bank [zh], a commercial bank based in Taipei, acquired EverTrust Bank in April 2007.[2]

In comparison to other overseas Chinese banks in the United States established earlier, EverTrust originally served newly arrived immigrants at its inception. As a local community bank, the expansion of EverTrust Bank mirrored the diffusion of Chinese immigrants in Orange County, California, and its new client base in upscale neighborhoods is generally wealthier than other immigrants.[3]

References

  1. ^ "EverTrust Bank to be sold to Industrial Bank of Taiwan". L.A. Business First. 2006-07-18. Retrieved 2024-01-09.
  2. ^ "Industrial Bank of Taiwan finalizes acquisition of EverTrust Bank". NS Banking. 2007-04-02. Retrieved 2024-01-09.
  3. ^ "Asian Boom Fuels Creation of New Banks". Los Angeles Business Journal. 2004-08-08. Retrieved 2024-08-03.


Stub icon

This United States bank–related article is a stub. You can help Wikipedia by expanding it.