Pacific Global Bank

Pacific Global Bank (Chinese: 高寶銀行) was a chinese American commercial bank in the United States. It was headquartered in Chicago, with 3 branches in Chinatown, Chicago and Bridgeport, Chicago, the community bank was acquired in September 2019 by Royal Business Bank.

Pacific Global Bank
TypeSubsidiary (since September 2019)
IndustryFinancial services
FoundedChicago (November 9, 1995 (1995 -11-09))
FateAcquired
HeadquartersChicago
Key people
Betty Chow
ProductsBanking
OwnerRoyal Business Bank
Websitewww.pacificglobalbank.com

Although the bank generally provides the similar kind of services catering to the local Chinese community, its clients include greater portions of scientists and engineers than other overseas Chinese banks, which cater more to small business owners and import–export merchants. This reflects the general occupational trend of Chinese Americans in the Chicago region, and had helped the bank expand rapidly.

History

The bank was established on the 9 November 1995 in Chicago.

In September 2019, Pacific Global Bank was acquired by Royal Business Bank for $32.5 million.[1]

References
  1. "Pacific Global sale brings L.A.-based Chinese-American bank to Chicago". Crain's Chicago Business. 2019-09-06. Retrieved 2021-06-04.
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