First American International Bank (“FAIB”) is a great place to bank and a great place to work. We are truly a community oriented local bank with great customers, great employees and great products and services. We are honored to be part of the vibrant Chinese American communities in New York City.
FAIB started in 1999 with the dream of bringing meaningful banking services and financial guidance to the Chinese American immigrant community. We are very proud that we have remained true to this dream from opening our first branch on 8th Avenue in Sunset Park Brooklyn, where our services were needed most, through today, where we are now the largest locally-owned Chinese American community bank in New York, with offices in Brooklyn, Queens and Chinatown, Manhattan. This is only possible because of our team of dedicated and passionate employees and directors, most of whom speak Mandarin, Cantonese and/or Fuzhou dialect.
FAIB’s primary mission is to promote community development by providing financial services in low-income communities and to people who lack access to financing. As a result, since 2001 the Bank has been certified as a Community Development Financial Institution ("CDFI") by the U.S. Department of the Treasury, an honor shared by less than 2% of all U.S. banks. FAIB, comprised principally of Chinese American employees and directors, is also a Minority Bank and the U.S Department of the Treasury has accepted FAIB to participate in the Minority Bank Deposit Program (MBDP).
The greatest source of wealth and financial security for Americans comes through home ownership. As such, we have a robust residential lending program. Since 2003 we have been a licensed Seller-Servicer of Fannie Mae offering affordable home mortgages at low rates and flexible terms, with total financing over $1.5 billion. This means that we have helped over 4,600 families obtain home ownership, pay for college or fulfill another personal dream.
We also have a rich history of supporting local economic development through commercial real estate lending that is built on understanding, trust, responsive service, and flexible terms. We offer customized loans from under $500,000 to over $10 million for customers to purchase or refinance commercial properties including mixed-use, multi-family, office, retail and industrial properties.
We are also intimately involved in supporting our communities in other ways, including joining not-for-profit organizations, participating in local events that uplift our communities and making charitable donations.
We offer a full array of consumer and business banking products including checking, savings, money market, certificate of deposit, retirement accounts, residential mortgage loans, commercial real estate loans and secured credit cards. Branch services include 7-day banking, ATM, online banking, safe deposit box, and domestic and international wire transfers. Because we cater to the Chinese American community, we offer many materials in both English and Chinese languages.
What dream do you have? Come and see us today to help you achieve it. Call us at (855) 678-FAIB (855-678-3242) or click here to email us.
FAIB is a member of the Federal Deposit Insurance Corporation (“FDIC”) and is an equal housing lender.