SinoPac Bancorp

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Far East National Bank (FENB) was founded in 1974 as the first federally chartered Asian American bank in the United States. FENB has over 350 employees and total assets exceeding US$1.7 billion.FENB became a wholly-owned subsidiary of Taiwan's Bank SinoPac (a member of SinoPac Holdings) in 1997. Through SinoPac Holdings' extensive financial network in the Pacific Rim, which includes more than 200 business units, FENB now provides its customers with a unique financial service platform to help integrate their business interests in the United States, Taiwan, China, Hong Kong, and Vietnam.In August of 2005, both SinoPac Holdings' and the International Bank of Taipei's shareholders approved the merger between the two financial institutions. The combined company has total assets of US$ 33 billion and more than 2.5 million customers in Asia and North America.

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