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Retail Banking Announcement
Frequently asked questions 26 May 2021 What the repositioning of the HSBC USA Wealth and Personal Banking business means for our customers, here and abroad Why did HSBC take this action? In February 2020, we set out a plan to shift our business strategy in the United States to maximize the connection between our clients and our world-class international network. Our primary business will be a wholesale bank focused on the international needs of clients. We are renewing our emphasis on the US$5 trillion international wealth management opportunity from globally mobile and affluent individuals in the United States. Is HSBC exiting the United States? No, HSBC is not exiting its US business. We aim to be the leading international bank in the United States and are focused on what we do best – connecting Americans to a world of opportunity and bringing cross-border business and investment to the United States. We will continue to provide banking services not only to our wholesale banking clients, but also to our Premier, Jade and Private Banking customers. I have personal accounts at HSBC and I’m in the United States. How will these agreements affect me? Upon completion of the transactions, the accounts of in-scope customers will be transferred to Citizens or Cathay Bank. We thank those customers for their business and will ensure the transfer occurs with as minimum disruption as possible. Premier, Jade, Private Banking and other clients who will remain HSBC customers are in the process of being transitioned to one of our new 20-25 Wealth Centers. -
Cathay General Bancorp Contact: Heng W
FOR IMMEDIATE RELEASE For: Cathay General Bancorp Contact: Heng W. Chen 777 N. Broadway (626) 279-3652 Los Angeles, CA 90012 CATHAY GENERAL BANCORP AND ASIA BANCSHARES INC. COMPLETE MERGER LOS ANGELES – August 3, 2015 – Cathay General Bancorp (NASDAQ: CATY), the holding company for Cathay Bank, announced today that it completed its merger with Asia Bancshares, Inc. at the end of the day on July 31, 2015. As a result of the transaction, Asia Bancshares, Inc. has been merged with and into Cathay General Bancorp, and Asia Bank has been merged with and into Cathay Bank. The completion of the merger results in a combined financial institution with total assets of approximately $12.4 billion and deposits of approximately $9.8 billion, 57 branches operating in nine states, and a presence in three overseas locations. Under the terms of the merger, Cathay General Bancorp is issuing 2.58 million shares of its common stock and paying $57.0 million in cash for all of the issued and outstanding shares of Asia Bancshares stock, valuing the merger at approximately $139.9 million, based on Cathay General Bancorp’s closing price on July 31, 2015. Based on properly and timely submitted and accepted elections, the stock consideration of 3.2134 shares of Cathay common stock per share of Asia Bancshares was over-subscribed by Asia Bancshares shareholders and subject to proration. As a result, approximately 36% of the shares of Asia Bancshares that were subject to stock elections will receive cash consideration of $86.76 per share of Asia Bancshares. Asia Bancshares shareholders who elected cash and those shareholders who failed to submit elections on a timely basis will receive cash consideration of $86.76 per share of Asia Bancshares. -
Chinatown and Urban Redevelopment: a Spatial Narrative of Race, Identity, and Urban Politics 1950 – 2000
CHINATOWN AND URBAN REDEVELOPMENT: A SPATIAL NARRATIVE OF RACE, IDENTITY, AND URBAN POLITICS 1950 – 2000 BY CHUO LI DISSERTATION Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Landscape Architecture in the Graduate College of the University of Illinois at Urbana-Champaign, 2011 Urbana, Illinois Doctoral Committee: Professor D. Fairchild Ruggles, Chair Professor Dianne Harris Associate Professor Martin Manalansan Associate Professor Faranak Miraftab Abstract The dissertation explores the intricate relations between landscape, race/ethnicity, and urban economy and politics in American Chinatowns. It focuses on the landscape changes and spatial struggles in the Chinatowns under the forces of urban redevelopment after WWII. As the world has entered into a global era in the second half of the twentieth century, the conditions of Chinatown have significantly changed due to the explosion of information and the blurring of racial and cultural boundaries. One major change has been the new agenda of urban land planning which increasingly prioritizes the rationality of capital accumulation. The different stages of urban redevelopment have in common the deliberate efforts to manipulate the land uses and spatial representations of Chinatown as part of the socio-cultural strategies of urban development. A central thread linking the dissertation’s chapters is the attempt to examine the contingent and often contradictory production and reproduction of socio-spatial forms in Chinatowns when the world is increasingly structured around the dynamics of economic and technological changes with the new forms of global and local activities. Late capitalism has dramatically altered city forms such that a new understanding of the role of ethnicity and race in the making of urban space is required. -
Circles and Circuits: Chinese Caribbean
Circles and Circuits: Chinese Caribbean Art EXHIBITION FACT SHEET Organized by the Chinese American Museum (CAM) in partnership with the Asian/Pacific/American Institute at New York University and the California African American Museum (CAAM), Circles and Circuits: Chinese Caribbean Art is presented in two parts: History and Art of the Chinese Caribbean Diaspora at CAAM and Contemporary Chinese Caribbean Art at CAM. Circles and Circuits: Chinese Caribbean Art is part of Pacific Standard Time: LA/LA, a far-reaching and ambitious exploration of Latin American and Latino art in dialogue with Los Angeles, taking place from September 2017 through January 2018 at more than 70 cultural institutions across Southern California. Pacific Standard Time is an initiative of the Getty. The presenting sponsor is Bank of America. Description: Circles and Circuits explores the art of the Chinese Caribbean diaspora from the early 20th century to the present day. The presentation at CAAM traces the history of Chinese Caribbean art from the 1930s through the period of the region’s independence movements, showcasing the contributions of artists little known outside their own countries, such as Sybil Atteck (Trinidad and Tobago) and Manuel Chong Neto (Panama), and providing a new context for understanding the better-known work of Wifredo Lam (Cuba). At CAM, the exhibition focuses on the work of contemporary artists such as Albert Chong and Maria Magdalena Campos-Pons, as well as artists of the ongoing Chinese Caribbean diaspora. Publication: The exhibition is accompanied by a catalog that will be the first publication devoted to Chinese Caribbean art history and visual culture. -
FY 19 4Th Quarter & FYE Lender Ranking
LOS ANGELES DISTRICT OFFICE 7(a) and 504 Lender Ranking Report Fiscal Year 2019 - Q4 (10/1/18 - 9/30/19) 7(a) Loan Program 504 Loan Program 1 U.S. Bank, National Association 184 $23,757,600 67 Mega Bank 5 $1,672,000 1 CDC Small Business Finance Corporation* 94 $98,783,000 2 JPMorgan Chase Bank, National Association 174 $44,541,500 68 PCR Small Business Development*++ 5 $821,000 2 Business Finance Capital*++ 92 $109,382,000 3 Bank of Hope++ 167 $60,333,000 69 Poppy Bank 4 $8,690,000 3 California Statewide Certified Development* 84 $67,087,000 4 Wells Fargo Bank, National Association 155 $36,193,900 70 Wallis Bank 4 $7,542,000 4 Mortgage Capital Development Corporation 38 $39,865,000 5 First Home Bank 104 $22,494,000 71 BBVA USA 4 $5,926,300 5 Advantage Certified Development Corporation 15 $17,387,000 6 East West Bank++ 61 $33,406,500 72 Pacific Mercantile Bank 4 $4,927,000 6 Southland Economic Development Corporation 14 $14,297,000 7 Pacific City Bank++ 60 $50,311,500 73 Pacific Western Bank++ 4 $4,165,000 7 So Cal CDC++ 11 $22,780,000 8 CDC Small Business Finance Corporation* 55 $8,763,500 74 OneWest Bank, A Division of 4 $4,013,000 8 AMPAC Tri-State CDC, Inc. 10 $7,235,000 9 MUFG Union Bank, National Association 50 $75,482,600 75 IncredibleBank 4 $2,123,600 9 Coastal Business Finance++ 6 $3,666,000 10 Hanmi Bank++ 50 $30,864,000 76 Kinecta FCU++ 4 $862,000 10 Enterprise Funding Corporation 2 $2,980,000 11 Commonwealth Business Bank++ 47 $38,305,000 77 Montecito Bank & Trust++ 4 $503,900 11 San Fernando Valley Small Business Development++ 2 $1,046,000 12 Celtic Bank Corporation 44 $14,667,300 78 Meadows Bank 3 $5,091,000 12 Superior California Economic Development 1 $2,111,000 13 Independence Bank 40 $5,725,000 79 Banner Bank 3 $2,175,000 13 Capital Access Group, Inc. -
Immigration and Restaurants in Chicago During the Era of Chinese Exclusion, 1893-1933
University of South Carolina Scholar Commons Theses and Dissertations Summer 2019 Exclusive Dining: Immigration and Restaurants in Chicago during the Era of Chinese Exclusion, 1893-1933 Samuel C. King Follow this and additional works at: https://scholarcommons.sc.edu/etd Recommended Citation King, S. C.(2019). Exclusive Dining: Immigration and Restaurants in Chicago during the Era of Chinese Exclusion, 1893-1933. (Doctoral dissertation). Retrieved from https://scholarcommons.sc.edu/etd/5418 This Open Access Dissertation is brought to you by Scholar Commons. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of Scholar Commons. For more information, please contact [email protected]. Exclusive Dining: Immigration and Restaurants in Chicago during the Era of Chinese Exclusion, 1893-1933 by Samuel C. King Bachelor of Arts New York University, 2012 Submitted in Partial Fulfillment of the Requirements For the Degree of Doctor of Philosophy in History College of Arts and Sciences University of South Carolina 2019 Accepted by: Lauren Sklaroff, Major Professor Mark Smith, Committee Member David S. Shields, Committee Member Erica J. Peters, Committee Member Yulian Wu, Committee Member Cheryl L. Addy, Vice Provost and Dean of the Graduate School Abstract The central aim of this project is to describe and explicate the process by which the status of Chinese restaurants in the United States underwent a dramatic and complete reversal in American consumer culture between the 1890s and the 1930s. In pursuit of this aim, this research demonstrates the connection that historically existed between restaurants, race, immigration, and foreign affairs during the Chinese Exclusion era. -
Chinese Immigration and Its Implications on Urban Management in Los Angeles
Chen X. CHINESE IMMIGRATION AND ITS IMPLICATIONS ON URBAN MANAGEMENT IN LOS ANGELES CHINESE IMMIGRATION AND ITS IMPLICATIONS ON URBAN MANAGEMENT IN LOS ANGELES Xueming CHEN Virginia Commonwealth University ement 923 West Franklin Street, Richmond, VA 23284, United States of America [email protected] Abstract This paper reviews the Chinese immigration history in Los Angeles, with Chinatown representing its urbanization process and San Gabriel Valley representing its suburbanization process. These two processes are distinct and have different impacting factors. This empirical study also compares similarities and differences of the urban development patterns between the Chinese Americans and the mainstream white Americans. Furthermore, the paper examines the implications of Chinese immigration on local urban management from political, cultural, and socioeconomic aspects. Keywords: urbanization, suburbanization, Los Angeles, Chinatown, San Gabriel Valley. 1. Introduction Los Angeles County is the most populous, multi-ethnic county in the United States (U.S.) with an existing total population exceeding 10 million. Of all the U.S. counties, Los Angeles County has most Chinese American population. In the year 2000, the County’s total Chinese American population Number 4(13) / November 2009 amounted to 377,301, which was 33.6% and 15.6% of all Chinese American population living in California (1,122,187) and U.S. (2,422,970), respectively (Source: http://www.ameredia.com/resources/demographics/chinese.html). Therefore, examining Chinese Americans’ urban development patterns in Los Angeles clearly has its national significance. A good urban management requires a clear understanding about its population, including ethnic population. Theoretical Empirical and Researches in Urban Manag With the globalization trend and emergence of China, Chinese Americans will play an ever important role in future American urbanmanagement, economy and politics. -
(De)Constructing Chinatown July 26, 2012 – October 28, 2012
425 North Los Angeles Street | Los Angeles, CA 90012 | Tel: 213 485-8567| www.camla.org FOR IMMEDIATE RELEASE CONTACT: Michael Duchemin (213) 485-8356 (de)Constructing Chinatown July 26, 2012 – October 28, 2012 MEDIA PREVIEW DAY Tues., July 24, 11 a.m. – 1 p.m. THE CHINESE AMERICAN MUSEUM PRESENTS A NEW EXHIBITION THAT EXPLORES NOTIONS OF LOS ANGELES’ CHINATOWN AS IT RELATES TO LOS ANGELES’ CHANGING CULTURAL, ETHNIC AND ARCHITECTURAL LANDSCAPES (LOS ANGELES, July 3, 2012) -- On view beginning July 26, 2012 through October 28, 2012, (de)Constructing Chinatown, a new exhibition from the Chinese American Museum (CAM) at El Pueblo de Los Angeles Historical Monument, features an evolving critical view of Los Angeles Chinatown through the eyes of eight local artists who use the historic neighborhood as a canvas to capture a glimpse of the constantly changing city. - more - (de)Constructing Chinatown 2012 Page 2 Chinatowns around the world have long been the subject of art, literature and culture, with artists often creating their own idyllic impressions of these unique places, often reducing them to an exotic destination filled with both mystery and intrigue. Unfortunately, Los Angeles Chinatown is not exempt from this clichéd legacy. Such representations have overshadowed the critical role of this community as both a cultural center for new immigrants and a location for important connections with surrounding communities. The new exhibition, (de)Constructing Chinatown, is an artist showcase of Los Angeles Chinatown, revealing a the geographical space in a state constant change, from the original home of Historic Chinatown, where Union Station now sits, to the current home of “New Chinatown,” along the Broadway Avenue corridor, the exhibition provides an alternative view in contrast to preconceived notions about Los Angeles Chinatown. -
Investor Presentation November 2017
Investor Presentation November 2017 NASDAQ: RBB Forward‐Looking Statements Certain matters set forth herein (including the exhibits hereto) constitute forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward‐looking statements relating to the Company’s current business plans and expectations and our future financial position and operating results. These forward‐looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, local, regional, national and international economic and market conditions and events and the impact they may have on us, our customers and our assets and liabilities; our ability to attract deposits and other sources of funding or liquidity; supply and demand for real estate and periodic deterioration in real estate prices and/or values in California or other states where we lend, including both residential and commercial real estate; a prolonged slowdown or decline in real estate construction, sales or leasing activities; changes in the financial performance and/or condition of our borrowers, depositors or key vendors or counterparties; changes in our levels of delinquent loans, nonperforming assets, allowance for loan losses and charge‐offs; the costs or effects of acquisitions or dispositions we may make, whether we are able to obtain any required governmental approvals in connection with -
2008 – December
DEPARTMENT OF FINANCIAL INSTITUTIONS SUMMARY OF PENDING APPLICATIONS AS OF DECEMBER 2008 APPLICATION TYPE PAGE NO. BANK APPLICATION NEW BANK 1 ACQUISITION OF CONTROL 2 CONVERSION TO STATE CHARTER 3 NEW BRANCH 3 NEW PLACE OF BUSINESS 8 NEW EXTENSION OFFICE 10 HEAD OFFICE RELOCATION 10 HEAD OFFICE REDESIGNATION 11 BRANCH OFFICE RELOCATION 11 PLACE OF BUSINESS RELOCATION 13 DISCONTINUANCE OF BRANCH OFFICE 13 DISCONTINUANCE OF PLACE OF BUSINESS 15 APPLICATION PURSUANT TO SECTION 772 16 INDUSTRIAL BANK APPLICATION CONVERSION TO STATE CHARTER 16 ACQUISITION OF CONTROL 16 NEW BRANCH 17 HEAD OFFICE RELOCATION 17 DISCONTINUANCE OF BRANCH 17 DISCONTINUANCE OF PLACE OF BUSINESS 17 CHANGE OF NAME 18 PREMIUM FINANCE COMPANY APPLICATION NEW PREMIUM FINANCE COMPANY 18 ACQUISITION OF CONTROL 19 MAIN OFFICE RELOCATION 20 FOREIGN (OTHER NATION) BANK APPLICATION NEW OFFICE 20 DISCONTINUANCE 20 FOREIGN (OTHER STATE) BANK APPLICATION NEW FACILITY 21 CREDIT UNION APPLICATION NEW CREDIT UNION 22 MERGER 22 NEW BRANCH OF FOREIGN (OTHER STATE) CREDIT UNION 23 TRANSMITTER OF MONEY ABROAD APPLICATION NEW TRANSMITTER 23 ACQUISITION OF CONTROL 23 VOLUNTARY SURRENDER OF LICENSE 24 1 BANK APPLICATION NEW BANK Filed: 2 Approved: 4 Opened: 1 AMERICAN CEDARS BANK 500 North Central Avenue, Glendale, Los Angeles County Correspondent: David E. Abshier LECG 550 South Hope Street, Suite 2150 Los Angeles, CA 90071 (213) 243-3700 Filed: 9/28/07 EL CAMINO BANK 20946 Devonshire Street, Chatsworth, Los Angeles County Correspondent: James H. Avery The Avery Company LLC P.O. Box 3009 San Luis Obispo, CA 93403 (805) 544-5477 Filed: 5/9/08 FORD GROUP BANK 3501 Jamboree Road, Newport Beach, Orange County Correspondent: Charles E. -
Discontinuance of Branch Office
DEPARTMENT OF BUSINESS OVERSIGHT SUMMARY OF PENDING APPLICATIONS AS OF AUGUST 2018 APPLICATION TYPE PAGE NO. BANK APPLICATION MERGER 1 ACQUISITION OF CONTROL 1 SALE / PURCHASE OF PARTIAL BUSINESS UNIT 2 APPLICATION FOR TRUST POWERS 2 NEW BRANCH 2 NEW FACILITY 3 HEAD OFFICE REDESIGNATION 3 BRANCH RELOCATION 3 DISCONTINUANCE OF BRANCH OFFICE 4 DISCONTINUANCE OF FACILITY 6 PREMIUM FINANCE COMPANY APPLICATION NEW PREMIUM FINANCE COMPANY 6 ACQUISITION OF CONTROL 8 VOLUNTARY SURRENDER OF LICENSE 8 FOREIGN (OTHER NATION) BANK APPLICATION NEW OFFICE 8 OFFICE RELOCATION 8 OFFICE DISCONTINUANCE 9 FOREIGN (OTHER STATE) BANK APPLICATION NEW FACILITY 9 CREDIT UNION APPLICATION MERGER 9 TRUST COMPANY APPLICATION DISCONTINUANCE OF BRANCH OFFICE 10 MONEY TRANSMITTER APPLICATION NEW TRANSMITTER 10 ACQUISITION OF CONTROL 11 1 BANK APPLICATION MERGER Filed: 1 Approved: 1 Effected: 2 Withdrawn: 1 AMERICAS UNITED BANK, Glendale, to merge with and into BANK OF SOUTHERN CALIFORNIA, NA, San Diego Effected: 8/1/18 COMMUNITY BANK, Pasadena, to merge with and into CITIZENS BUSINESS BANK, Ontario Filed: 4/6/18 Approved: 7/26/18 Effected: 8/10/18 FIRST AMERICAN INTERNATIONAL BANK, Brooklyn, New York, to merge with and into ROYAL BUSINESS BANK, Los Angeles, California Filed: 6/4/18 Approved: 8/14/18 MY BANK, BELEN, New Mexico, to merge with and into UNITED BUSINESS BANK, Walnut Creek, California Filed: 8/24/18 SOUTHWESTERN NATIONAL BANK, Houston, Texas, to merge with and into HANMI BANK, Los Angeles, California Filed: 6/25/18 Approved: 8/14/18 Withdrawn: 9/27/18 ACQUISITION -
The Chinese American Museum and the Chinese American Citizens Alliance to Launch a Nationnation----Widewide Art Competition
425 North Los Angeles Street | Los Angeles, CA 90012 | Tel: 213 485-8567| www.camla.org FOR IMMEDIATE RELEASE Contact: Linh Duong (213) 485-8568 THE CHINESE AMERICAN MUSEUM AND THE CHINESE AMERICAN CITIZENS ALLIANCE TO LAUNCH A NATIONNATION----WIDEWIDE ART COMPETITION LOS ANGELES (October 17, 2006) ------The-- Chinese American Museum (CAM) in partnership with the Chinese American Citizens Alliance (CACA) is pleased to launch a National Art Competition on November 5, 2006 for students in grades one through twelve. Themed, “ Growing Up Chinese American ,” the competition will promote a better understanding of cultural diversity and improve racial harmony among the many diverse groups in the United States as well as educate students on the cultural heritage and the contributions of Chinese Americans. This will be the first national art competition organized by CAM and the second for CACA. In 1995, CACA commemorated the organization’s 100 th Anniversary by holding its first and only art contest. Now almost twelve years later, these vibrant images are brought together again in Celebrate! Chinese Holidays Through the Eyes of Children , one of three new exhibitions opening at the Chinese American Museum on November 5, 2006. The children’s images featured in this exhibit, all of which garnered awards and special mention in the contest, celebrate Chinese tradition and the diversity of American culture as seen from a young person’s point-of-view. Focusing on the theme “ Growing Up Chinese American ,” this year’s CACA/CAM National Art Competition will encourage students of all backgrounds to draw from their own observations and subjectively express through art, what it means to grow up Chinese American.