Far East National Bank
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Far East National Bank
Far East National Bank (FENB; ) was founded in 1974 by Henry Y. Hwang 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. Trivia * 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 (play) ''Yellow Face'' is a semi-autobiographical play by David Henry Hwang, featuring the author himself as the protagonist, DHH, mounting his 1993 play ''Face Value''. The play's themes include questions of race and of t ...
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Wholly Owned Subsidiary
A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability company, limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries ar ...
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Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands, with a combined area of . The main island of Taiwan, also known as ''Formosa'', has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanised population is concentrated. The capital, Taipei, forms along with New Taipei City and Keelung the largest metropolitan area of Taiwan. Other major cities include Taoyuan, Taichung, Tainan, and Kaohsiung. With around 23.9 million inhabitants, Taiwan is among the most densely populated countries in the world. Taiwan has been settled for at least 25,000 years. Ancestors of Taiwanese indigenous peoples settled the isla ...
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Bank Sinopac
Bank SinoPac, or SinoPac Financial Holdings Company Ltd ()(), is a Taiwan-based banking holding company which operates through 22 divisions as well as 125 branches in Taiwan and 3 international branches in Shanghai, Guangzhou and Chengdu (as of 2019). History The bank was founded by Samuel Yin and Paul Lo in 1992 as Taiwan liberalized its banking regulations. As Taiwan continued to liberalize its financial market, SinoPac acquired a securities business from the Hong family of local fame in early 2000s. In late 2005, SinoPac merged with the International Bank of Taipei(IBT). SinoPac, like many other Taiwanese financial institutions, has branches and operations in the United States and major Asian cities; however, SinoPac is unique in its foresight in building on-the-ground business in the US and China. Far East National Bank, a wholly owned California chartered bank was acquired in 1997; SinoFirst, located in Shanghai, China, was acquired in late 1990s. In 2017, Taiwan's banki ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of California cities by population, fourth most populous in California and List of United States cities by population, 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the County statistics of the United States, fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and '' ...
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Ho Chi Minh City
, population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_info = US$61.7 billion , blank2_name = – Per capita , blank2_info = US$6,862 , blank3_name = GRP ( PPP) , blank3_info = 2019 , blank4_name = – Total , blank4_info = US$190.3 billion , blank5_name = – Per capita , blank5_info = US$21,163 , blank6_name = HDI (2020) , blank6_info = 0.795 ( 2nd) , area_code = 28 , area_code_type = Area codes , website = , timezone = ICT , utc_offset = +07:00 , postal_code_type = Postal code , postal_code = 700000–740000 , iso_code ...
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Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making it the world's sixteenth-most populous country. Vietnam borders China to the north, and Laos and Cambodia to the west. It shares maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City (commonly known as Saigon). Vietnam was inhabited by the Paleolithic age, with states established in the first millennium BC on the Red River Delta in modern-day northern Vietnam. The Han dynasty annexed Northern and Central Vietnam under Chinese rule from 111 BC, until the first dynasty emerged in 939. Successive monarchical dynasties absorbed Chinese influences through Confucianism and Buddhism, and expanded ...
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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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Tony Award
The Antoinette Perry Award for Excellence in Broadway Theatre, more commonly known as the Tony Award, recognizes excellence in live Broadway theatre. The awards are presented by the American Theatre Wing and The Broadway League at an annual ceremony in Midtown Manhattan. The awards are given for Broadway productions and performances. One is also given for regional theatre. Several discretionary non-competitive awards are given as well, including a Special Tony Award, the Tony Honors for Excellence in Theatre, and the Isabelle Stevenson Award. The awards were founded by theatre producer and director Brock Pemberton and are named after Antoinette "Tony" Perry, an actress, producer and theatre director who was co-founder and secretary of the American Theatre Wing. The trophy consists of a spinnable medallion, with faces portraying an adaptation of the comedy and tragedy masks, mounted on a black base with a pewter swivel. The rules for the Tony Awards are set forth in the off ...
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David Henry Hwang
David Henry Hwang (born August 11, 1957) is an American playwright, librettist, screenwriter, and theater professor at Columbia University in New York City. He has won three Obie Awards for his plays '' FOB'', '' Golden Child'', and '' Yellow Face''. Three of his works—''M. Butterfly'', ''Yellow Face'', and ''Soft Power''—have been finalists for the Pulitzer Prize for Drama. Early life He was born in 1957 in Los Angeles, California, to Henry Yuan Hwang, the founder of Far East National Bank, and Dorothy Hwang, a piano teacher. The oldest of three children, he has two younger sisters. He received a bachelor's degree in English from Stanford University in 1979 and attended the Yale School of Drama between 1980 and 1981, taking literature classes. He left once workshopping of new plays began, since he already had a play being produced in New York. His first play was produced at the Okada House dormitory (named Junipero House at the time) at Stanford University after he briefl ...
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Yellow Face (play)
''Yellow Face'' is a semi-autobiographical play by David Henry Hwang, featuring the author himself as the protagonist, DHH, mounting his 1993 play ''Face Value''. The play's themes include questions of race and of the interaction between media and politics. Production history ''Yellow Face'' premiered in Los Angeles at the Mark Taper Forum in association with East West Players in May 2007. The play opened Off-Broadway at the Joseph Papp Public Theater on December 10, 2007, and closed on January 13, 2008. Directed by Leigh Silverman, the cast featured Hoon Lee and Noah Bean as the leads."'Yellow Face' 2007"
lortel.org, accessed October 11, 2015
Hwang won his third in Playwriting, a ...
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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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