Southwestern National Bank

Infobox_Company
company_name = Southwestern National Bank
company_
company_type = Private
parent = SWNB Bancorp Inc.
foundation = 1997
location = Houston, Texas
industry = Finance
products = Banking
subsid = Nevada National Bank
revenue = N/A (Asset = $ 341.538 million)
num_employees = 100
homepage = [http://www.swnbk.com www.swnbk.com]

Southwestern National Bank (美南銀行) is an overseas Chinese bank in the United States with headquarters in Houston, Texas. Other Texas branches include Plano, Texas, Richardson, Texas, Austin, Texas and Sugar Land, Texas, this privately-held community bank was founded on November 3, 1997.

The location of Southwestern National Bank (美南銀行) in the south reflects one of the newest trends of Chinese American and Asian American population diffusion into areas other than the traditional regions settled by Asian Americans, such as the western United States and northeastern United States. The establishment of this bank was in accompany with the booming economy of the late 1990’s of Chinatown, Houston and also the Telecom Corridor (Silicon Prairie) in suburban Dallas, Texas. These two trends attracted a significant amount of Chinese / Asian scientists, engineers, immigrants, businessman, and real estate investors into the area.

In addition to the traditional Chinese clients, a significant number of the ethnic minority clients of Southwestern National Bank (美南銀行) are Hoa (Chinese Vietnamese), Indian, and Vietnamese, and the bank was consequently among the first banks to offer the service of Vietnam money remittance in its international banking business.

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Southwestern National Bank's (美南銀行) website describes its vision as:

We are in the center of a dynamic and bustling business community that is highly diversified in its ethnicity and rich in culture.

We understand that our customers have individual and special needs that can best be served by the traditional banking services that we offer.

We cater to our customers' needs in a customized and personalized way.

We know we are not the only bank in the community competing for your business so we strive even harder to earn your trust and confidence.

We do it better and our record shows.

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"Southwestern National Bank's Products and Services include:"

Personal Banking

* Checking Account o Interest Bearing NOW Account o Non-Interest Bearing Personal Checking o Non-Interest Bearing Value Checking * Savings Account * Money Market Account * Certificate of Deposit * Individual Retirement Account * Health Savings Account (HSA) * Safe Deposit Box * ATM Services * VISA Debit Card

Business Banking

* Small Business Checking Account * Commercial Checking Account * Commercial Money Market Account

Lending Services

* Commercial Loans * Consumer Loans * Residential Mortgage Loans * Credit Line Facility * Real Estate Loans * International Trade Finance

International Banking

* Letters of Credit (Commercial & Standby) * Bankers Acceptances * Documentary Collections (DA & DP) * Bank to Bank Wire Transfers (Domestic and International) * Western Union Money Transfer * Vietnam Money Remittance

Mortgage Banking

* Residential Loans * Equity Loans * Refinancing

Subsidiaries and Affiliates

Nevada National Bank

In June of 2007 SWNB Bancorp Inc.,the holding company for Southwestern National Bank unveiled its newest subsidiary, Nevada National Bank which is headquartered in Las Vegas, Nevada. There are currently 2 locations in Las Vegas, Nevada.

References

¹ [http://houston.bizjournals.com/houston/stories/2007/08/06/story2.html Bank bets on growth in Asian communities]

² [http://airwolf.lmtonline.com/news/archive/022507/pagea16.pdf Houston Banks cater to Asian Businesses]

³ [http://www.certifiedbb.com/blog/2007/12/houston-banks-on-small-business.html Houston-based banks feel less subprime pain]

External links

[http://www.swnbk.com Southwestern National Bank homepage]

[http://www.nevada-nbk.com Nevada National Bank homepage]