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Cathay Bank
Cathay Bank () is an American bank founded in 1962. Cathay is headquartered in Chinatown, Los Angeles, with a corporate center in nearby El Monte, California. It has branches in California, Massachusetts, New York, Texas, Washington, Illinois, New Jersey, Nevada, Maryland, and Hong Kong. Additionally, it has representative offices in Shanghai, Beijing and Taipei. History Fung Chow Chan (Mar 1, 1909–Jan 29, 2001), emigrated from Guangdong to Los Angeles in 1933 to join his father's silk business and founded the Phoenix Bakery in Chinatown with his wife Wai Hing in 1938; the success of the bakery's strawberry cream cake, developed by his brother Lun, allowed him to be one of the first Asian Americans to integrate the Silver Lake neighborhood. However, he was denied a home loan because he was an immigrant, which spurred him to organize local community leaders and apply for a bank charter. Initial attempts to open a savings and loan were denied repeatedly by s ...
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Chinatown, Los Angeles
Chinatown is a neighborhood in Downtown Los Angeles, California, that became a commercial center for Chinese and other Asian businesses in Central Los Angeles in 1938. The area includes restaurants, shops, and art galleries, but also has a residential neighborhood with a low-income, aging population of about 20,000 residents. The original Los Angeles Chinatown developed in the late 19th century, but it was demolished to make room for Union Station, the city's major ground-transportation center. A separate commercial center, known as "New Chinatown," opened for business in 1938. Geography and climate According to CRA/LA, borders of (the current) Chinatown neighborhood are:
"Chinatown," Mapping L.A., ''Los Angeles Times''
''The Thomas Guide, Los Angeles County'' 2006, page 634 ...
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New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized control o ...
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Eugene Kinn Choy
Eugene Kinn Choy (1912–1991) was a Chinese-American architect best known for designing the Cathay Bank headquarters in Chinatown (1962–66) and several private residences in the Silver Lake neighborhood of Los Angeles. He was the second Chinese-American to join the American Institute of Architects, following I. M. Pei, and the one of the earliest to graduate from the School of Architecture at the University of Southern California. Early life and family Choy's father, K. C. Choy, emigrated to San Francisco and eventually moved to Bakersfield, California in 1921, where he started Choy's Department Store (originally named the "City of Fuchau"). Eugene Choy was born March 5, 1912 in Guangdong, China and emigrated to the United States in approximately 1923, when he was 10. He graduated from Kern County Union High School and Bakersfield Junior College, where he was president of the Architecture Students Association and participated in track competitions. He also served as the a ...
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East West Bank
East West Bank (), the primary subsidiary of East West Bancorp, Inc., is the largest publicly traded bank headquartered in Southern California, United States. It was founded in 1973 in Los Angeles to serve the Chinese American community in Southern California. It is a premier bank focused exclusively on the United States and Greater China markets and operates over 120 locations in the U.S. and China, including in the markets of California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In China, East West Bank's presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen. ''Forbes'' magazine has recognized East West Bank as one of “America’s Best Banks” since 2010. In 2018, ''Forbes'' ranked East West Bank number five of "America's 100 Biggest Banks." History In 1973, East West Federal Bank was founded by F. Chow Chan, Betty Tom Chu, Richard K. Quan, G ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Savings And Loan
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ...
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Silver Lake, Los Angeles
Silver Lake is a residential and commercial neighborhood in the east-central region of Los Angeles, California. Originally home to a small community called Ivanhoe in honor of Sir Walter Scott. In 1907, the Los Angeles Water Department built the Silver Lake Reservoir, named for LA Water Commissioner Herman Silver, giving the neighborhood its name. The area is now known for its architecturally significant homes, independently owned businesses, diverse restaurants, painted staircases, and a creative environment. The neighborhood is also home to several highly rated public and private schools. Geography and climate Silver Lake is flanked on the northeast by Atwater Village and Elysian Valley, on the southeast by Echo Park, on the southwest by Westlake, on the west by East Hollywood and on the northwest by Los Feliz.
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Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and foreign trade. Located in this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP; Guangzhou, the capital of the province, and Shenzhen, the first special economic zone in the count ...
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Fung Chow Chan
Fung may refer to: *Feng (surname), a Chinese surname that is ''Fung'' in Cantonese *Funj people The Funj are an ethnic group in present-day Sudan. The Funj set up the Funj Sultanate with Abdallah Jamma and ruled the area for several centuries. The Funj rose in southern Nubia and had overthrown the remnants of the old Christian kingdom of Alo ..., also spelled Fung See also * Phung (other) {{disambig ...
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Taipei
Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the northern port city of Keelung. Most of the city rests on the Taipei Basin, an ancient lakebed. The basin is bounded by the relatively narrow valleys of the Keelung and Xindian rivers, which join to form the Tamsui River along the city's western border. The city of Taipei is home to an estimated population of 2,646,204 (2019), forming the core part of the Taipei–Keelung metropolitan area, which includes the nearby cities of New Taipei and Keelung with a population of 7,047,559, the 40th most-populous urban area in the world—roughly one-third of Taiwanese citizens live in the metro district. The name "Taipei" can refer either to the whole metropolitan area or just the city itself. Taipei has been the seat of the ROC central government ...
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Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busi ...
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Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the second most populous city proper in the world (after Chongqing) and the only city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks second among the administrative divisions of Mainland China in human development index (after Beijing). As of 2018, the Greater Shanghai metropolitan area was estimated to produce a gross metropolitan product (nominal) of nearly 9.1 trillion RMB ($1.33 trillion), exceeding that of Mexico with GDP of $1.22 trillion, the 15th largest in the world. Shanghai is one of the world's major centers for ...
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