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American Continental Bank
American Continental Bank () is an overseas Chinese bank in the United States. Headquartered in Industry, California, with a branch office in San Gabriel, California, the bank is privately held and was established on October 6, 2003. The bank was first created by a group of local businessmen and individuals who were interested in providing specialized financial services to the Chinese community. The City of Industry, California is an area with higher concentration of factories, and the local Chinese population is greatly involved in production. As a result, the bank provides financial services to small and mid-sized businesses like other overseas Chinese banks in the United States, but the bank originally focused on those in the manufacturing industry. In October 2022, the Taiwan-based Taichung Bank The Taichung Bank (), officially Taichung Commercial Bank, is a public bank headquartered in Taichung, Taiwan. In 2015, Fitch Ratings assigned ratings to Taiwan's Taichung Comm ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Han Chinese
The Han Chinese () or Han people (), are an East Asian ethnic group native to China. They constitute the world's largest ethnic group, making up about 18% of the global population and consisting of various subgroups speaking distinctive varieties of the Chinese language. The estimated 1.4 billion Han Chinese people, worldwide, are primarily concentrated in the People's Republic of China (including Mainland China, Hong Kong and Macau) where they make up about 92% of the total population. In the Republic of China (Taiwan), they make up about 97% of the population. People of Han Chinese descent also make up around 75% of the total population of Singapore. Originating from Northern China, the Han Chinese trace their cultural ancestry to the Huaxia, the confederation of agricultural tribes living along the Yellow River. This collective Neolithic confederation included agricultural tribes Hua and Xia, hence the name. They settled along the Central Plains around the middle and lo ...
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Banks Established In 2003
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Companies Based In The City Of Industry, California
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Chinese-American Culture In California
Chinese Americans are Americans of Han Chinese ancestry. Chinese Americans constitute a subgroup of East Asian Americans which also constitute a subgroup of Asian Americans. Many Chinese Americans along with their ancestors trace lineage from mainland China, Hong Kong, Macau, Malaysia, Singapore, Taiwan, as well as other regions which are inhabited by large populations of the Chinese diaspora, especially Southeast Asia and some other countries such as Australia, Canada, France, South Africa, New Zealand, and the United Kingdom. Chinese-Americans include Chinese from the Chinese circle and around the world who became naturalized U.S. citizens and their natural-born descendants in the United States. The Chinese American community is the largest overseas Chinese community outside Asia. It is also the third largest community in the Chinese diaspora, behind the Chinese communities in Thailand and Malaysia. The 2016 Community Survey of the US Census estimates a population of Chinese ...
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Banks Based In California
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Taichung Bank
The Taichung Bank (), officially Taichung Commercial Bank, is a public bank headquartered in Taichung, Taiwan. In 2015, Fitch Ratings assigned ratings to Taiwan's Taichung Commercial Bank (TCB) as follows: 'BB+' (BB plus) Long-term Issuer Default Rating (IDR), 'B' Short-term IDR, 'A-(twn)' National Long-term rating, 'F2(twn)' National Short-term rating, 'bb+' Individual rating, '5' Support rating and 'NF' Support Rating Floor. In October 2022, the institution's board of directors announced that Taichung Bank was planning to acquire the American Continental Bank. History The Bank was formerly the Taichung District Joint Saving Company that was approved and established in April 1953.https://www.tcbbank.com.tw/eng/pages/History.html See also *List of banks in Taiwan *Economy of Taiwan *Taiwan yen *Old Taiwan dollar *Republic of China *Taichung Taichung (, Wade–Giles: ''Tʻai²-chung¹'', pinyin: ''Táizhōng''), officially Taichung City, is a special municipality located ...
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Small Business
Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian ''Fair Work Act 2009'', fifty employees according to the definition used by the European Union, and fewer than five hundred employees to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, or by annual gross or net revenue or net profits, the number of employees is one of the most widely used measures. Small businesses in many countries include service or retail operations such as convenience stores, small grocery stores, bakeries ...
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San Gabriel, California
San Gabriel (Spanish for " St. Gabriel") is a city located in the San Gabriel Valley of Los Angeles County, California. At the 2010 census, the population was 39,718. San Gabriel was founded by the Spanish in 1771, when Mission San Gabriel Arcángel was established by Saint Junípero Serra. Through the Spanish and Mexican periods, San Gabriel played an important role in the development of Los Angeles and Californio society. Owing to the prominence of Mission San Gabriel in the region's history, it is often called the "birthplace of the Los Angeles region". History Prior to the arrival of the Spanish to Alta California, the area that is now San Gabriel was inhabited by the Tongva , whom the Spanish called the ''Gabrieleño.'' The Tongva name for the San Gabriel region has been reconstructed as ''Shevaa''. The village of Toviscanga was located at the site where Mission San Gabriel would be constructed. Spanish period Mission San Gabriel Arcángel, founded by Father Juníper ...
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Los Angeles County, California
Los Angeles County, officially the County of Los Angeles, and sometimes abbreviated as L.A. County, is the List of the most populous counties in the United States, most populous county in the United States and in the U.S. state of California, with 9,861,224 residents estimated as of 2022. It is the most populous non–State (United States), state-level government entity in the United States. Its population is greater than that of 40 individual List of U.S. states and territories by population, U.S. states. At and with List of cities in Los Angeles County, California, 88 incorporated cities and List of unincorporated communities in Los Angeles County, California, many unincorporated areas, it is home to more than one-quarter of California residents and is one of the most ethnically diverse counties in the United States. Its county seat, Los Angeles, is also California's most populous city and the second-most populous city in the United States, with about 3.9 million residents. I ...
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Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arc ...
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