At Asian Bank, we share your values of hard work, saving, and education. We are committed to providing highly personalized service and a wide range of banking products and services to help you, your family and your business.

Asian Bank has served Philadelphia since June 1999, and we fully understand your special banking needs. Our goal is to offer you an ever-widening range of personal and commercial financial products. At the same time, we strive to provide you, our customer, with a quality of service unsurpassed by other banks. Over time, our partnership will benefit you, the community and our Bank.

Asian Bank’s mission is to provide personalized, quality banking services to individuals, organizations and small businesses in our regional market. As a community bank, we fully understand the special banking needs of our customers, the social and economic conditions of underserved people and residents in distressed communities; in return for their support, we promise to continually demonstrate commitment to our communities and to those that lack adequate access to capital and or financial services. Our goal is to be the premier bank in our market by offering an ever-widening range of personal and business financial products and services. Through our activities, we will create value for our customers, shareholders, employees and the entire community.

Asian Financial Corporation Announces Issuance of $66 Million of Senior Non-Cumulative Perpetual Preferred Stock Under the Emergency Capital Investment Program

PHILADELPHIA, PENNSYLVANIA – July 19, 2022 – Asian Financial Corporation (the “Company”), the holding company for Asian Bank, today announced that the Company completed a private placement of approximately $66 million of Senior Non-Cumulative Perpetual Preferred Stock, Series A (the “Preferred Stock”), to the U.S. Department of the Treasury (“Treasury”) pursuant to the Emergency Capital Investment Program (“ECIP”) on June 7, 2022.

The ECIP investment by the Treasury is part of a program to invest over $8.7 billion into Community Development Financial Institutions (“CDFI”) or Minority Depository Institutions (“MDI”), of which Asian Bank is both. The ECIP is intended to incentivize CDFIs and MDIs to provide loans and support to small businesses, minority-owned businesses, and consumers in low-income and underserved communities, that may have been disproportionately impacted by the economic effects of the COVID-19 pandemic.

“These essential funds provide opportunity to underserved communities across the country, helping them to regain their footing following the pandemic and strengthening their resilience against future shocks,” said Secretary of the Treasury Janet L. Yellen. “Today’s announcement is a significant step toward expanding access to the capital and services to rebuild and fuel long-term economic growth.”

About Asian Financial Corporation and Asian Bank

Asian Financial Corporation is the parent company of Asian Bank, a commercial bank headquartered in Philadelphia, Pennsylvania.  Established in 1999, Asian Bank was formed to serve the needs of all small businesses and individuals in Philadelphia and its surrounding counties, with a particular focus on the Asian and immigrant communities.

As of March 31, 2022, Asian Bank had total assets of approximately $329 million with two full service branches and a loan production office.  Additional information about Asian Bank is available on its website, www.theasianbank.com.

Contact:

James Wang

President & CEO

215.592.1188 ext 4388

jwang@theasianbank.com

Asian Bank is fully committed to the principles of equality in employment and opportunity for all employees.

Asian Bank hires solely on the basis of an individual’s qualifications for the position applied. Every effort is made to place new employees in the positions which best utilize their abilities and in which they will be able to achieve personal satisfaction and have an opportunity for growth.

The Bank offers very competitive wages commensurate to experience, and a robust benefit program which includes paid days off, paid holidays, health, vision, dental insurance options, as well as disability and life insurance.

We frequently seek bi-lingual/multi-lingual staff to help the Bank better serve the needs of its customers.

Interested candidates are invited to forward cover letter and resumes to:  HR@theasianbank.com

Our current openings

Bank Teller

Customer Service Representative

Community Lender

*For holidays falling on Saturday, the Bank will be open the preceding Friday. **For holidays falling on Sunday, the Bank will be closed the following Monday (January 2, 2023). The Bank will close 3PM on the day before Thanksgiving Day.

Terms of Use

USA Patriot Act Notice

Privacy and Security

Fraud Protection