Golden Bank, N.A. - 2021 Shareholders’ Meeting
Golden Bank, N.A. held its 2021 Annual Shareholders’ Meeting on March 18th, 2021 at its corporate office in Houston, Texas.
Besides electing the new board of directors and reporting the 2020 financial results, Mr. Kenneth Wu, Chairman of Golden Bank thanked the board and management team in achieving excellent financial results amid a difficult year. “The COVID-19 pandemic has been a long journey for all of us, and it definitely has impacted everyone’s life - both professionally and personally. However, I am truly proud of our employees who had displayed the resilience and professionalism during this difficult time. I am also very happy to share the successful inauguration of our new Northern California Loan Production Office in San Francisco and the opening of our third full-service branch in Rowland Heights, Los Angeles. These strategic expansions will further our market share in California.
“Despite the pandemic, Golden Bank achieved solid growth in both loans and deposits. As of December, our total assets reached $1.15 Billion. Our income before tax for the year ended 2020 was $19.2 million, and net income after tax of $15.3 million. We achieved these goals as a result of hard work and dedication from each and every one of our employees, our exceptional teamwork, and the support and confidence of our directors and shareholders.
“Golden Bank operates a balanced strategy to minimizes risk while focusing on sound and prudent practices. Since our establishment, Golden Bank has always approached our customer relationship with a “win-win” model. To win our customers’ loyalty and trust, we work hard to ensure excellent customer satisfaction while helping them to achieve financial success. ” said Mr. Kenneth Wu.
David Lin, Chief Executive Officer said, “Golden Bank stays true to the goal of not only providing top-quality banking services, but also offering services that are customized to our customers’ needs. We believe the opening of our new Rowland Heights Branch and Northern California Loan Production Office will further enhance the overall banking relationships with our current customers, while servicing the local businesses and community. It also clearly demonstrates Golden Bank’s commitment as a partner for the economic and financial development in this area.”
At the shareholder’s meeting, the shareholders elected the eight current board members - Kenneth Wu, Milton Yang, Richard Tseng, Al Duran, Alice Chen, Dennis Wu, David Lin and Herbert Ng to continue serving as directors of Golden Bank for the coming year. The Board also elected Mr. Kenneth Wu as the Chairman of the Board and Mr. Milton Yang, Mr. Richard Tseng, and Mr. Al Duran as the Vice Chairman.
In helping our community and customers to overcome the impact of the COVID-19 pandemic, Golden Bank actively rolled out the two Paycheck Protection Programs (PPP) from the Small Business Administration. We successfully completed over thousands PPP loans and helped hundreds of small business customers to obtain the loans to keep their workers on payroll.
Golden Bank, N.A., with over 35 years of community banking experience, looks forward to continuing to serve our customers in Texas and California. We understand the unique needs of our customers, and provide a full line of flexible, convenient, and professional banking services. For more information, please visit the bank’s website: www.goldenbank-na.com.
Golden Bank Headquarters: 9315 Bellaire Blvd., Houston, Texas 77036
Golden Bank Celebrates its 35th Anniversary
On October 8, 2020, Golden Bank partnered with Hope Clinic to offer low-income families with free flu shots as part of its 35th Anniversary Celebration at our headquarter Bellaire office.
In 1985, Golden Bank was established in response to the needs of the community to serve the small businesses and new immigrant customers. Golden Bank set out to offer quality financial services because we listened and understood our customers’ needs. Golden Bank is proud to continue our tradition of putting customers first by providing free flu shots during a public health crisis as an alternative way to celebrate our 35th Anniversary.
Over the past 35 years, Golden Bank continued to support our community and actively sponsored numerous organizations and events. In 2020, as the COVID-19 pandemic and resulting hospitalizations continued to rise, Golden Bank partnered with Taiwanese Chamber of Commerce of North America (TCCNA) and donated more than 250,000 masks to City of Houston, City of Sugar Land, City of Stafford, Harris County Judge Office, Congressmen, City Councils, County Constable Office, and multiple nursing homes in Houston. Golden Bank also sponsored the “Asian Americans Salute Frontline Heroes” project to purchase and distribute meals to first responders and frontline healthcare workers to show our appreciation for these local heroes.
In celebrating Golden Bank’s 35th year milestone, Chairman Kenneth Wu said: “The past 35 years gave us a chance to learn from our customers in the community about their evolving financial needs, new opportunities and challenges. As a small and mid-size business, how the Bank can better help them integrate into the ever changing financial environment. As a Bank, we look forward to learning from our past experiences, while ensuring we adapt to the dynamic needs of our customers. We genuinely appreciate all of our customer’s trust and support, and you can be assured of our continued dedication to the Bank’s vision in providing excellent banking solutions and services.
“Golden Bank’s total assets surpassed one billion dollars last year, which was a remarkable milestone and a testament to our team’s strong performance. As we head into our 36th year, our team will stay vigilant to work diligently and efficiently, so that we can provide the same high quality of services to our wonderful customers.
“In addition to our success in Texas, and with the amazing effort and support from our employees, Golden Bank has successfully expanded in Southern California. Both our Alhambra Branch and Tustin Branch have been providing excellent banking services to our customers in the Southern California market. Our plan is to continue to expand and establish more services in California.”
Chief Executive Officer, David Lin mentioned: "As COVID-19 continues to impact our communities, Golden Bank wants to reassure you that we are taking every action to support our customers and businesses to overcome these difficult times. Today’s free flu shot event is one of the ways Golden Bank continues to be a leader in supporting our customers and community. Together, we will overcome the pandemic and be stronger!”
As always, if there is anything our Bank can assist with, please visit our local branches or call 888-320-3838 for any of your banking needs.
“Gift of Masks” Donation – July 31, 2020
On Friday, July 31, 2020, Chairman Kenneth Wu and CEO David Lin represent Golden Bank and Taiwanese Chamber of Commerce of North America donated 20 thousand masks to City of Sugar Land. Mayor Joe Zimmerman and EMS Chief Doug Boeker accepted the donation. , Direct General Robert Lo and Director Patrick Ho from TECO, Mr. Jemmy Lo, and Golden Bank CEO David Lin joined the ceremony.
Today, we face a Coronavirus pandemic, all people in the world are struggling to cope with the physical and emotional impact of treating a crushing wave of COVID-19 patients. There are no other way more important than wearing masks, washing hands and keeping social distancing. Golden Bank sponsor the “Gift of Masks” project which was launched by Taiwanese Chamber of Commerce of North America purchasing masks to be donated to Sugar Land citizens.
While cases continue to rise in Texas, we would strongly recommend everyone to wear the masks to avoid the community spread. Together, we can protect communities healthy and safe.
Gift of Masks Ceremony - July 24, 2020
On Friday, 7/24/2020, Chairman Kenneth Wu represents Golden Bank and Taiwanese Chamber of Commerce of North America donated 10 thousand masks to City of Stafford. Mayor Pro Tem Wen Guerra accepted the donation, Council members Mrs. Alice Chen, Mr. Cecil Willis, Mr. Ken Mathew, Ms. Virginia Rosas, Mr. Don Jones, and Director Patrick Ho from TECO joined the ceremony.
Golden Bank sponsor the “Gift of Masks” project which was launched by Taiwanese Chamber of Commerce of North America. Researchers have determined that wearing face masks is one of the most effective ways to prevent the transmission of COVID-19 disease. Golden Bank supported the fundraising to purchase 10 thousand masks to be donated to Stafford citizens.
As the COVID-19 infections and resulting hospitalizations continue to rise, we would strongly recommend everyone to wear the masks to prevent further transmission of the disease. Let’s work together to overcome this virus and keep our communities safe and healthy.
“Gift of Masks” Donation - July 7, 2020
Golden Bank participates the “Gift of Masks” project which was launched by Taiwanese Chamber of Commerce of North America (TCCNA). Researchers have determined that wearing face masks is one of the most effective ways to prevent the transmission of COVID-19 disease. TCCNA invited many enterprises and individuals to raise funds in order to purchase 10 million surgical masks to be donated to the seniors and frontline workers in our communities.
Golden Bank is one of the donors to support the meaningful event. To support the community, Golden Bank also sponsored the “Asian Americans Salute Frontline Heroes” project to purchased and distributed meals to the first responders and frontline healthcare workers to show the appreciation.The masks were donated to City of Houston, Congressmen, City Councils, County Constable office and many nursing homes in Houston. As the COVID-19 infections and resulting hospitalizations continue to rise, we would strongly recommend everyone to wear the masks to prevent further transmission of the disease. Let’s work together to overcome this virus and keep our communities safe and healthy.
Golden Bank, N.A. - 2020 Shareholders’ Meeting
Golden Bank, N.A. held its 2020 Annual Shareholders’ Meeting on May 14th, 2020 at its corporate office in Houston, Texas.
“2019 was a milestone year for the Bank. The Bank’s total assets surpassed the one billion dollar mark since October 2019, with significant loans and deposits growth. Our Bank recorded a net-income-after-tax of $15.2 million for the year, the highest level in our bank’s history. Although we are proud of our success, I want to emphasize that the success is a team effort, and we could not have reached these goals without the hard work and dedication from each and every one of our employees. I want to especially thank our board of directors and our shareholders for their support and confidence in our management.
Golden Bank upholds the principle of quality and value. We strive for long-term and sustainable values while pursuing our business goals. We build the Bank with a balanced strategy and minimize the risk borne by our customers and the Bank by focusing on sound and prudent practices. Since our establishment, Golden Bank has always built our relationship with our customers on the principle of a “win-win” model. We emphasize quality products and services at the most favorable prices to our customers; while at the same time, we strive to enhance our competitiveness and efficiency through sustainable strategies. To win their loyalty and trust, our Bank works hard to achieve excellent customer satisfaction while helping them to achieve financial success.
With the recent development of the COVID-19 pandemic, safety and health of our customers and employees became the Bank’s top priority.Golden Bank wants to reassure our community that we are taking every measure to protect our customers and our employees, while maintaining uninterrupted services to serve our customers.” said Mr. Kenneth Wu, Chairman of Golden Bank.
Herbert Ng, President of Golden Bank said: “While pursuing business development, Golden Bank has always focused on long-term values, corporate social responsibility, and sustainable enterprise development. Golden Bank is committed to expand our services by continual development of our product and services, such as online banking, cash management and our newly launched commercial payment processing services to serve our customers in Texas and California.
To help our community and customers to overcome the impact of the COVID-19 pandemic, Golden Bank actively rolled out the Paycheck Protection Program (PPP) from the U.S. Small Business Administration. We have successfully completed millions of PPP loans and helped hundreds of small business customers and non-customers to obtain loans to keep their workers on payroll.”
At the shareholder’s meeting, the attending shareholders re-elected the seven current board members - Kenneth Wu, Milton Yang, Richard Tseng, Al Duran, Alice Chen, Dennis Wu and Herbert Ng to continue to serve as directors of Golden Bank for the coming year. The Board also elected Mr. Kenneth Wu as the Chairman, Mr. Milton Yang, Mr. Richard Tseng and Mr. Al Duran as the Vice Chairman.
Golden Bank, N.A. with over 30 years of community banking experience serves our customers in Texas and Southern California. We understand the needs of our customers, and provide a full-line of flexible, convenient and professional banking services. For more information, please visit the bank’s website: www.goldenbank-na.com.
Golden Bank Headquarter: 9315 Bellaire Blvd. Houston, Texas 77036; Telephone: 713-777-3838.
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2019 Taiwan Youth and Overseas Expatriate Bridging Program
On 7/24/2019 Chairman Wu, CEO Dr. Huang, President Ng, Milton Yang, Richard Tseng and Alice Chen all attended 2019 Taiwan Youth and Overseas Expatriate Bridging Program held at Golden Bank. Golden Bank senior managers shared their working experience and inspired the youth to learn more and established good credit and relationship from now.
The 6th Taiwan Yes Festival - 4/20/19
The 6th Taiwan Yes Festival, a food bazaar with night market games and Art & Culture Fair was held on April 20th, 2019. The event was full of great food, exuberant activities, and tons of fun. The festival gathered more than 6,000 attendees from the greater Houston area. Golden Bank employees were in attendance to participate and support the event. This event allowed us to show our continued commitment as a partner for the economic and financial development of the community we serve.
Special thanks to Milton Yang, Dr. Joe Huang, Annie Tang, Erin Yang, Christine Jin, Isabella Fan, Kimmie Yip, Kathy Gao, Nancy Li, Phyllis Meng, Ruby Liu, Sharon Yu, Shasha Piao, and Terry Hou for their participation at the festival and for representing the best that Golden Bank has to offer.
Golden Bank Harwin Branch Celebrates Its 10th Anniversary
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Golden Bank celebrated the 10th anniversary of its Harwin Branch on Monday, March 25, 2019. Golden Bank was established in 1985 in response to requests from the community for excellent banking products and services. As the first minority-owned bank in Greater Houston area, Golden Bank offers popular SBA loan programs to help your business succeed. Golden Bank also develops specific line of credit programs and online banking services to meet your expanding business needs. Golden Bank commits itself as a partner of the economic growth and financial development for residents and businesses within its communities for many years to come.
On Tuesday, September 18, 2018, Golden Bank held the ribbon cutting ceremony and reception to celebrate its new Alhambra Branch Grand Opening. Congresswoman Judy Chu, Assembly Member Ed Chau, Monterey Park City Mayor Stephen Lam, San Marino City Vice Mayor Dr. Steven Huang, Director General of Taipei Economic and Cultural Office in Los Angeles Ambassador Abraham Chu, Chinese Consolidated Benevolent Association President Peter Luong, Honorable President World Taiwanese Chamber of Commerce Jackson Yang, County Supervisor Office Community Outreach Deputy Jimmy Wu, AHMC Healthcare Co Chief Executive Officer Dr. Wen-Ta Chiu, Alhambra Chamber of Commerce Marketing Manager Stan Yonemoto, Deputy Director General of Taipei Economic and Cultural Office in Los Angeles Tony Ong, and many distinguished guests joined the ceremony to congratulate the new partner in the community.
Golden Bank is the first and one of the largest Chinese-American banks based in Texas. Golden Bank was established in 1985 in response to requests from the community that wanted excellent banking services for small businesses as well as new immigrants. Ever since its inception, Golden Bank stayed true to the goal of not only providing top-quality banking and advisory services, but also offering more individualized services that would be tailored to understanding each of our customers’ unique needs. In addition, Golden Bank strives to respond and deliver an integrated approach of marketing and technical assistance to our customers.
Golden Bank’s headquarter is located in the City of Houston, which is the 4th most populous city in the United States. Based on 2010 Census, City of Houston’s population is 2.1MM, Asian population consists of 6%. Houston’s economy is mainly concentrated in Energy and Medical, where Texas Medical Center is the world’s largest concentration of healthcare and research institutions. Mission Control of NASA’s Johnson Space Center is also located in Houston.
“Your presence today is greatly appreciated and is encouragement and assurance for us to fulfill our goals at this new branch. Golden Bank currently has 6 branches in the Greater Houston and Dallas Areas; two loan production offices at Irvine and Rowland Heights, and now we have two full branches in Tustin and Alhambra. In the past years, Golden Bank has had significant growth in loans and deposits. Today, our total assets reached $880 million and net income as of July 2018 was $8 million. We believe the opening of our Alhambra branch will further enhance the overall banking relationships with nearby retail businesses and residents, as well as providing easier access and convenience to the surrounding communities. It also clearly demonstrates Golden Bank’s commitment as a partner for the economic and financial development in this area. “ Kenneth Wu, Chairman of Golden Bank said.
Dr. Joe Huang, Chief Executive Officer of Golden Bank said, “Chairman Wu and I have recruited a team of successful managers as foundation for our expansion to San Gabriel Valley in addition to a branch and a loan production office at Tustin, and a loan production office at City of Industry. As CEO, I will ensure all California offices are part of this learning organization, and our process and strategy are in line with the easy and effective way we serve our customers. Let’s celebrate again when we reach $1 billion total assets next year and 15% ROE the year after. Thank you. “