History & Mission

 

First American International Bank (FAIB) is a New York State chartered commercial bank with deposits insured by the Federal Deposit Insurance Corporation (FDIC). Headquartered in Sunset Park, Brooklyn, the Bank opened for business on November 15, 1999. It is a local community bank serving the Chinese-American communities in New York City. It currently operates nine branches and one loan center, covering Brooklyn, Manhattan and Queens. As of September 30, 2012, total assets are $526 million with $377 million in net loans and $444 million in total deposits.

 

A primary mission of the Bank is economic development of the Asian communities in which it conducts business, to stimulate economic growth and to promote investment and job creation, while serving the financial needs of all its residents and businesses. The Bank has been certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department. It is a licensed Fannie Mae Seller-Servicer and an approved Small Business Administration (SBA) Lender.

 

FAIB offers a full array of consumer and business banking products such as checking and saving account, certificate of deposits, commercial real estate loan, residential mortgage, home equity loan, credit card and letter of credit. Branch services include 7-day banking, ATM, safe deposit, domestic and international wire transfer and online banking for both consumers and businesses. It also offers a complete line of insurance and investment products. The Bank has multi-lingual and multi-dialect staff, and its customer materials are mostly written in both English and Chinese .