- Omni Bank (California)
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Omni Bank 
Type Private Industry Finance and Insurance Founded Alhambra, CA (1979) Headquarters Los Angeles County, California, Orange County, California and San Jose, California Key people Hans Chan, CEO Products Banking Website www.omnibankna.com Omni Bank (安利銀行) is an overseas Chinese bank in the United States. Headquartered in Alhambra, California, with branch offices in Irvine, California, Monterey Park, California, Rowland Heights, California, and San Jose, California, this privately-held community bank was first established in 1979. This California based overseas Chinese bank is not the Omni Bank headquartered in Houston, Texas founded in 1954.
The bank was originally established to accommodate the influx of Taiwanese immigrants which started in the late 1970’s. The original headquarters of the bank, Monterey Park, California, was nicknamed as ‘’’Little Taipei’’’ back then because many Taiwanese immigrants settled in the city. Gradually, the bank expanded its operations into Silicon Valley by opening its branch office in San Jose, California.
On April 1, 1990, by way of a tender offer, 96% of the controlling interest of Omni’s outstanding stock was purchased, as personal investment, by the Wang family, which controls and operates the China Rebar Group, a well-known conglomerate in Taiwan. As of September 2006, the assets of the bank are $182,000 USD according to Federal Deposit Insurance Corporation.
On January 5, 2007, the Republic of China government on Taiwan announced it would take over a bank based in Taiwan under the China Rebar Group. 15 billion New Taiwan Dollars were withdrawn in just one day during runs on the bank. Omni Bank, which has no legal corporate affiliation with the Taiwanese bank, has sustained from any financial damage.
Motto of Omni Bank
Just Simpler and Better...We Make It Easier to Do Business with
External links
Chinese American banks Abacus Federal Savings Bank · American Continental Bank · American Premier Bank · Asia Bank · Bank of the Orient · Cathay Bank · Chinese American Bank · East West Bank · EverTrust Bank · Finance Factors · First American International Bank · First General Bank · Global Commerce Bank · Golden Security Bank · Los Angeles National Bank · MetroCorp Bancshares · Omni Bank (California) · Pacific Global Bank · Preferred Bank · Southwestern National Bank · Tomato Bank · United International Bank · United Orient Bank · Universal BankCategories:- Companies based in Los Angeles County, California
- Banks based in California
- Banks established in 1979
- Privately held companies based in California
- Chinese American banks
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