CALIFORNIA | LOCAL
October 17, 1987
Henry Y. Hwang, chairman of the Far East National Bank, said he remembered well the photographs of legions of Chinese raising the "little red book" of quotations from Chairman Mao in salute. "I thought it would be better if people raised this book," Hwang said. And so he did, showing a group of Chinese businessmen, school leaders and reporters the first Chinese translation of the U.S. Constitution.
January 21, 1998 |
Los Angeles-based Far East National Bank plans to acquire a 51% stake in Banco Industrial of Guadalajara. The two banks, which have signed a letter of intent, hope their partnership will boost lending activities to Taiwanese companies that have set up shop in Mexico, mainly in western states. They did not disclose how much Far East will pay for the stake. Far East was acquired in August by Bank SinoPac, one of Taiwan's largest private banks.
April 18, 2000 |
Three Southern California bankers have committed a total of $3 million in home loans to South-Central L.A. residents who fall below conventional underwriting standards. The pledges came in response to a challenge by nonprofit group Operation Hope, a loan intermediary. Union Bank of California Vice Chairman Rick Hartnack, Far East National Bank President Robert Oehler and Hawthorne Savings Chairman Tim Chrisman pledged $1 million from each institution for the loans.
October 4, 1996 |
Taiwan Bank to Acquire Far East National: Los Angeles-based Far East National Bank agreed to be acquired by Bank SinoPac of Taiwan in a cash deal valued at between $85 million and $90 million. Takeover of Far East, a commercial bank with 10 California branches and a Beijing office, is subject to regulatory approval and is expected to be complete in the first half of 1997.