Going East.Going East: Great Eastern Bank, a Chinese American bank Chinese American Bank (中美銀行) is an overseas Chinese bank in the United States headquartered in New York City, with branch offices in Chinatown, Manhattan and Flushing, Queens. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , has agreed to be acquired by Los Angeles-based Cathay Cathay (kăthā`), name for North China used by medieval Europeans, derived from the Khitan (or Khitai), a Manchurian people who conquered S Manchuria and N China and founded the Liao dynasty (937–1125). S China was referred to as Mangi. General Bancorp for about $101 million in cash and stock, the banks announced. Dunson K. Cheng, Cathay's chief executive, said the acquisition would more than double his bank's loans and deposits in New York and increase its branches there to nine from four. The deal ends a bidding war between Cathay Bank's parent and another major Chinese American bank, UCBH Holdings Inc. of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . |
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