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Golden Security Bank

Golden Security Bank was a bank headquartered in Rosemead, California, with operations in Southern California. The bank catered to Chinese-Americans in low- and moderate-income areas. In 2011, the bank was acquired by First General Bank.

Golden Security Bank
Industry Banking
Fate Acquired by First General Bank
Founded August 27, 1982; 36 years ago (August 27, 1982)
Defunct August 24, 2011; 7 years ago (August 24, 2011)
Headquarters Rosemead, California
Website www.goldensecurity.com Edit this on Wikidata

HistoryEdit

The bank was established on August 27, 1982 in the Chinatown neighborhood of Los Angeles.

In October 2005, the bank's headquarters were moved to Rosemead, California.

In 2009, state regulators ordered the company to raise capital.[1]

In 2011, the bank was acquired by First General Bank.[2][3]

ReferencesEdit

  1. ^ Reckard, E. Scott (June 27, 2009). "Irvine's MetroPacific Bank is shut down". Los Angeles Times.
  2. ^ "First General Bank and Golden Security Bank Merger Completed" (Press release). Business Wire. August 24, 2011.
  3. ^ "First General Bank and Golden Security Bank to Merge" (Press release). Business Wire. May 26, 2011.