Global Commerce Bank () was an ethnic Chinese bank in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. Headquartered in Doraville, Georgia, this privately held community

bank 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 ...

was established on August 18, 1995, and closed in 2012. The location of Global Commerce

Bank 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 ...

in the

south South is one of the cardinal directions or Points of the compass, compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Pro ...

reflected one of the trends at that time of

Chinese American 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 ...

and

Asian American Asian Americans are Americans of Asian ancestry (including naturalized Americans who are immigrants from specific regions in Asia and descendants of such immigrants). Although this term had historically been used for all the indigenous people ...

population diffusion into the area other than the traditional regions settled by Asian Americans such as the western and northeastern United States. All of the directors and most of the investors were American citizens of Chinese ancestry. The bank was located in the Asian Square, next to the 99 Ranch Market. In addition to the traditional

ing services provided to the local community, Global Commerce Bank also offered credit instruments, such as letters of credit that facilitate international trade. Based on Georgia Banks’ performance report for the year 2003, Financial Management Consulting Group ranked Global Commerce Bank as the 9th best performing bank among 323 banks in Georgia. On March 2, 2012, FDIC became the receiver of Global Commerce Bank as it was closed by the Georgia Department of Banking.

External links

Global Commercial Bank

Asian-American culture in Georgia (U.S. state) Banks based in Georgia (U.S. state) Banks established in 1995 Privately held companies based in Georgia (U.S. state) Chinese American banks Banks disestablished in 2012 {{US-bank-stub