Texas Bank Grows Fast with a Pan-Asian Strategy
Fajt, Marissa, American Banker
For a small, niche bank, United Central Bank in Garland, Tex., has big plans.
The unit of Central Bancorp Inc. targets Asian-Americans, and in the last two years it has sprinkled loan production offices around Asian-American communities in eight states. Now, several of the business loan offices have matured, and the bank is converting some of them into full-service branches and looking to bulk up in Atlanta by acquiring a bank there.
United has more than doubled its asset size in the last three years, to $750 million, and president and chief executive officer Keith Ward said its goal is to have $1 billion of assets by the end of next year.
Mr. Ward said he believes the bank can reach this goal …
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Publication information:
Article title: Texas Bank Grows Fast with a Pan-Asian Strategy.
Contributors: Fajt, Marissa - Author.
Magazine title: American Banker.
Volume: 172.
Issue: 238
Publication date: December 12, 2007.
Page number: 4.
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COPYRIGHT 2007 Gale Group.
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