New Asia Bank

Status:Inactive as of 10/18/2006
 Absorption - Without Assistance
Successor Bank:Cathay Bank
Headquarters:New Asia Bank
222 West Cermak Road
Chicago, IL 60616
Established:08/24/1987
FDIC Insurance:08/24/1987
FDIC Cert:#27034
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$142,152,000
Total Deposits:$113,635,000

History

1987-08-24Institution established: Original name:New Asia Bank
1993-09-11Changed name to NAB Bank
1997-06-12Reorganized.
2005-10-01Changed name to New Asia Bank
2006-10-18Merged into and subsequently operated as part of Cathay Bank (18503) in LOS ANGELES, CA
2007-03-30Acquired United Heritage Bank (34417) in EDISON, NJ
2015-08-01Acquired Asia Bank, National Association (25745) in FLUSHING, NY
2017-10-27Acquired Far East National Bank (21851) in LOS ANGELES, CA

Financial Information (2006-09-30 and Older)