Americas United Bank, In Organization, a Hispanic Owned and Managed Bank Which Expects to Serve the Needs of the Growing Hispanic Business Community in Southern California.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Americas United Bank (AUB AUB Auburn (University) AUB Alstublieft (Dutch: please) AUB American University of Beirut (Beirut, Lebanon) AUB Abnormal Uterine Bleeding AUB Ahli United Bank ), In Organization, has received its conditional approval from the Department of Financial Institutions (DFI See Direct foreign investment. ) to organize the bank subject to various conditions which include a successful stock offering. The bank will be centrally located in the city of Glendale, California Glendale is a city in Los Angeles County, California, United States. It lies at the eastern end of the San Fernando Valley, is bisected by the Verdugo Mountains, and is an important suburb in the Greater Los Angeles Area. . Americas United Bank (AUB), In Organization, is expected to be one of the first Hispanic owned and managed business banks in the state of California in over thirty years. The group of 30 organizers is comprised mostly of Hispanic entrepreneurs and professionals. The organizers, which include the Chairman, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and several Board members, will seek to raise capital from more than 300 shareholders as they want a diversified ownership structure with a broad base of support from the business community, in particular the Hispanic business community. Gil Dalmau, President and CEO, has for the past five years been the President of the Southern California region of First Bank. As President of the region, he was responsible for 36 retail branches and several commercial banking and specialized lending groups located between the Central Coast of California The Central Coast is an area of California, United States, roughly spanning the area between the Monterey Bay and Point Conception. It extends through Santa Cruz County, San Benito County, Monterey County, San Luis Obispo County, and Santa Barbara County. to San Diego. Under his leadership, the division grew to approximately $2 billion in total assets. Manuel Remon, Chairman, began his banking career with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and after 18 years left to become the head of the Los Angeles District and Manager of the Los Angeles Branch of Banco Popular. In 2001, he left to become the Marketing Director for First Bank's Southern California Hispanic Business Group. The Bank has recently received a stock permit from the Department of Financial Institutions and is expected to begin its capital raising campaign in early August. The Bank is scheduled to open by the end of October, subject to receipt of all required regulatory approvals. For more information call Manuel Remon, 818-590-3068, or Gil Dalmau, 818-723-7890. |
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