Taiwan Bank To Buy American Continental, Eyes Further U.S. Expansion Amid Military Tension With Beijing
Written by Black Hot Fire Network on October 2, 2022
Taichung Commercial Bank aims to serve popular hubs among Chinese-Americans such as Los Angeles. ... [+] Photographer: Bing Guan/Bloomberg
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Taichung Commercial Bank of Taiwan said on Friday it had agreed to buy California-based American Continental Bank for approximately $82 million as part of an effort to expand into the U.S. market.
American Continental Bank mainly serves Chinese-American communities in the City of Industry and surrounding communities in Los Angeles, Orange, Riverside, and San Bernardino counties. It has branches in City of Industry, Alhambra . . .
