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California International Bank, N.A. Relocates Headquarters, Opens Rosemead, Calif. Branch Office
New Location Will Expand Institution's Reach to Broader Segment of Asian-American Community
ROSEMEAD, Calif. (Oct. 5, 2016)—California International Bank, N.A. (CIB) (OTC: SAGN), the first federally chartered Vietnamese-American community bank, today announced the relocation of its corporate headquarters and opening of a branch here to serve an expanding San Gabriel Valley customer base.
CIB headquarters and the full-service Rosemead office are located at 8632 E. Valley Boulevard, Suite A. Business hours are from 9 a.m. until 5 p.m. Monday through Friday, and from 9 a.m. until 1 p.m. on Saturday. Telephone number is 626-872-0562.
CIB Chief Executive Officer Benjamin J. Lin said that the relocated head office and new branch are consistent with the bank’s objective to expand its product and service offerings to a broader segment of California’s Asian-American community. It will complement CIB’s original location in the Orange County city of Westminster, which opened in 2005, as Saigon National Bank. The bank transitioned to its new name late last year to reflect its goal of serving a larger segment of California’s Asian-American community.
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“Rosemead is at the center of the dynamic, fast-growing Asian-American population in the San Gabriel Valley—the ideal location for California International Bank to bring its high levels of customer service and range of products to business and personal banking clients alike,” said Lin. “We look forward to being a committed, active member of the Rosemead and surrounding San Gabriel Valley communities, supporting professional and culture advancement, just as we have in Orange County since our inception. This remains a core principle upon which our bank is built.”
To celebrate the new office, CIB has launched a promotional offering of a $20 bonus for opening a new non-interest-earning personal checking account from Sept. 19,
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2016 until March 31, 2017 and maintaining a minimum daily balance of $200 for the first
90 days. Certain terms and conditions apply and rules can be found at the CIB branch.
About California International Bank, N.A.
With its motto “always accompanying clients,” California International Bank, N.A. focuses on continuous innovation and superior service to deliver optimal financial solutions to its clients. With its well-educated, experienced, professional and dedicated staff, CIB strives to bring high levels of satisfaction to entrepreneurs, businesses and communities in the region. The bank offers a wide range of checking, savings, credit and lending products. These include deposit and account products such as: money market accounts; interest- and non-interest-bearing checking accounts; time-saving deposit; saving deposit; online deposit; and credit-card services. Lending products include: working capital, business expansion, small- and medium-size enterprise, construction, SBA and commercial-real-estate loans.
Forward Looking Statements
The information presented in this press release contains certain forward-looking statements about California International Bank, N.A. (“CIB”). The safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995 would cover forward-looking statements. All statements presented in this press release, except for statements for past events and historical facts, are forward-looking statements. Forward-looking statements are based on the analyses and assumptions of CIB’s management and the information available to CIB’s management at the time when this press release was finalized and discussed. Such statements are anticipatory in nature. Risks and uncertainties that were unforeseen by CIB may cause actual events to differ materially from those expressed in, implied or anticipated by this press release. You, the reader, are cautioned about the risks and uncertainties regarding forward-looking statements. You should not place undue reliance on these forward-looking statements. CIB does not assume any duty to update forward-looking statements, except to the extent required by applicable law and regulation.