United International Bank
   HOME

TheInfoList



Click Here for Items Related To - United International Bank
OR:
United International Bank on:   [Wikipedia]   [Google]   [Amazon]

United International Bank () was an overseas 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 territori ...
, formerly headquartered in
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
. The
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 ...
established itself as a locally based 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 ...
serving Chinese Americans and Asian Americans in the New York City area. Most of its clients were newly arrived immigrants and local small business owners who faced difficulties in obtaining financial support from other mainstream
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 ...
s. In addition to serving the needs of small business owners and entrepreneurs, the bank specialized in financing credit arrangements for import and export trades. Unlike most
overseas Chinese banks Overseas Chinese-focused banks excelled in commerce, finance, and many other industries. While catering to Chinese immigrants in foreign countries, these banks are not controlled by the Chinese government, nor do they have any ties with the Chinese ...
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 territori ...
whose managements consist mainly of Chinese people, the managerial team of United International Bank included a significant number of non-
Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...
ns. These included many experienced former executives of mainstream
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 ...
s invited to help lead the
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 ...
to prosperity. The advisory committee and board of directors of the
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 ...
included a number of celebrities such as the famed Dr. Henry C. Lee, and other community activists and leaders. The
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 one of the first in providing both
traditional A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or ...
and simplified Chinese characters on its ATMs and
internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...
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 ...
ing
website A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google, Facebook, Amazon, and Wi ...
. In 2015, Preferred Bank acquired UIB for $22.2 million.


References


External links


UIBBank.com
{{Chinese American banks Banks based in New York City Banks established in 2006 Chinese American banks Chinese-American culture in New York City Privately held companies based in New York City Banks disestablished in 2015 2015 mergers and acquisitions zh:國際銀行