PDA

View Full Version : [Yahoo News] Chinatown bank sells for $$34M (Boston Herald)

yw_news
08-07-2005, 01:00 AM
Chinatown's Asian-American Bank & Trust yesterday agreed to be taken over for $$34 million. The institution, which was founded 12 years ago, is being bought by San Francisco-based United Commercial Bank...

http://us.rd.yahoo.com/dailynews/rss/search/%22asian+american%22/SIG=129tgajij/*http%3A//business.bostonherald.com/businessNews/view.bg?articleid=96534
hooligan
08-07-2005, 10:23 AM
Ironic, Citibank is moving into LA Chinatown.
John0101
08-07-2005, 10:59 AM
Asian American Bank & Trust is a large insitution in the Metro-Boston Asian American community. They finance a lot of small business for the Asian American community. However I do not believe they do a lot of lending for real estate development which is a hotbed issue within the Chinatown community.

Also Asian American Bank & Trust was suppose to finance and help develop the Chinatown Heritage Trail here in Boston's Chinatown. I wonder what is going to happen to this project with the take over.
hooligan
08-07-2005, 11:06 AM
Asian American Bank & Trust is a large insitution in the Metro-Boston Asian American community. They finance a lot of small business for the Asian American community. However I do not believe they do a lot of lending for real estate development which is a hotbed issue within the Chinatown community.

Also Asian American Bank & Trust was suppose to finance and help develop the Chinatown Heritage Trail here in Boston's Chinatown. I wonder what is going to happen to this project with the take over.

Gentrification rearing its ugly head?