EverTrust Bank
EverTrust Bank (華信商業銀行), or Ever Trust Bank and Evertrust Bank, as advertised often in the local Chinese media, is an overseas Chinese bank in the United States. Headquartered in Pasadena, California with branch offices in City of Industry, Alhambra, Irvine, Cerritos, Cupertino, Arcadia, Pasadena, and Milpitas, this privately held community bank was established on May 3, 1995. EverTrust Bank is a subsidiary of O-Bank.
 | |
| Type | Private |
|---|---|
| Industry | Finance and Insurance |
| Founded | Industry, California (May 3, 1995) |
| Headquarters | Los Angeles County, California, Orange County, California, Santa Clara County, California |
Key people | Mr. Henry W.K. Peng Chairman Ms. Tina Lo, vice Chairman |
| Products | Banking |
| Revenue | N/A (Asset = $ 945.182 million) Return on assets = 1.26 Return on equity = 16.99 |
| Website | www.evertrustbank.com |
In comparison to other overseas Chinese banks in the United States established earlier, this bank originally served newly arrived immigrants at its inception. As a local community bank, the expansion of the EverTrust Bank mirrored the diffusion of the Chinese immigrants in Orange County, California, and its new client base in the upscale neighborhood is generally wealthier than other immigrants.
EverTrust Bank was established in 1995 by a group of overseas Chinese bankers and entrepreneurs. In July 2006, O-Bank reached an agreement with the Bank to purchase 100% stake of the Bank via a newly established U.S. holding company, IBT Holdings Corp. The acquisition was consummated on March 30, 2007 and has become an important step in O-Bank's strategy of international expansion.
Presently, the Bank focuses on serving businesses and consumer customers in California providing C&I, trade finance, insurance products, residential mortgage, small business loans, commercial real estate and construction loans as well as deposit services. As of December 2019, EverTrust Bank had assets of US$945 million.
Looking forward, EverTrust Bank is committed to enhancing its earnings capabilities and pursuing a sustainable growth with professionalism. EverTrust bank will draw on the experience and expertise of the O-Bank Group to continue to expand its product offerings and geographic reach.[1]
Board of Directors
Henry W.K. Peng, Chairman
Tina Lo, Vice Chairman
Wkang Hsiang Wang
Jesse C.K. Kung
Steven Bloom
Joanna Ho
Elton Lee
Roger Y.F. Lin
Management
Jesse C.K. Kung
President & Chief Executive Officer
Charles Hsieh
EVP & Chief Credit Officer
Theresa Ko
EVP & Chief Financial Officer
Jose Jimenez
EVP & Chief Risk Officer
Minna Tsao
EVP & Head of Operations Admin [2]
References
- "Evertrust Bank > About Us". www.evertrustbank.com. Retrieved 2019-08-13.
- "Evertrust Bank > About Us > Directors & Management". www.evertrustbank.com. Retrieved 2019-08-13.