- Business Advocacy
Golden Bank, 105 E. Valley Blvd., Alhambra, had its Grand Opening Sept. 18. Golden Bank has been honored as a 5-Star Bank, which is the highest rating in banking industries, by Bauer Financial in recent years. From left are Assemblymember Ed Chau; Kenneth Wu, chairman of Golden Bank; U.S. Rep. Judy Chu; Stephen Lam, Monterey Park Mayor; Tony Ong, deputy director general of Taipei Economic and Cultural Office in Los Angeles; and Dr. Joe Huang, chief executive officer of Golden Bank.
On Sept. 18, Golden Bank presented a ribbon cutting ceremony and reception to celebrate its new Alhambra Branch Grand Opening. Many distinguished guests joined the ceremony to congratulate the new partner in the community, including U.S. Rep. Judy Chu, AssemblymemberEd Chau, Monterey Park Mayor Stephen Lam, San Marino Vice Mayor Dr. Steven Huang, Director General of Taipei Economic and Cultural Office in Los Angeles Ambassador Abraham Chu, Chinese Consolidated Benevolent Association President Peter Luong, Honorable President World Taiwanese Chamber of Commerce Jackson Yang, County Supervisor Community Outreach Deputy Jimmy Wu, AHMC Healthcare Co-Chief Executive Officer Dr. Wen-Ta Chiu, Alhambra Chamber of Commerce Marketing Manager Stan Yonemoto,Deputy Director General of Taipei Economic and Cultural Office in Los Angeles Tony Ong.
Golden Bank is the first and one of the largest Chinese-American banks based in Texas. Golden Bank was established in 1985 in response to requests from the community that wanted excellent banking services for small businesses as well as new immigrants. Ever since its inception, Golden Bank has stayed true to the goal of not only providing top-quality banking and advisory services, but also offering more individualized services that would be tailored to understanding each customer’s unique needs. Golden Bank strives to respond and deliver an integrated approach of marketing and technical assistance to its customers.
Golden Bank’s headquarters is located in Houston, which is the fourth most populous city in the United States. Based on the 2010 Census, Houston’s population is 2.1 million, and the Asian population consists of 6%. Houston’s economy is mainly concentrated in energy and medical, where Texas Medical Center is the world’s largest concentration of health care and research institutions. Mission Control of NASA’s Johnson Space Center is also located in Houston.
“Your presence today is greatly appreciated and is encouragement and assurance for us to fulfill our goals at this new branch,” said Kenneth Wu, chairman of Golden Bank. “Golden Bank has six branches in the Greater Houston and Dallas areas; two loan production offices in Irvine and Rowland Heights; and now we have two full branches in Tustin and Alhambra. In the past years, Golden Bank has had significant growth in loans and deposits. Today, our total assets reached $880 million and net income as of July 2018 was $8 million. We believe the opening of our Alhambra branch will further enhance the overall banking relationships with nearby retail businesses and residents, as well as provide easier access and convenience to the surrounding communities. It also clearly demonstrates Golden Bank’s commitment as a partner for the economic and financial development in this area.”
“Chairman Wu and I have recruited a team of successful managers as foundation for our expansion to San Gabriel Valley in addition to a branch and a loan production office at Tustin, and a loan production office at City of Industry,” said Dr. Joe Huang, chief executive officer of Golden Bank. “As CEO, I will ensure all California offices are part of this learning organization, and our process and strategy are in line with the easy and effective way we serve our customers. Let’s celebrate again when we reach $1 billion total assets next year and 15% ROE the year after. Thank you. “