Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

Abacus Federal Savings Bank

Back

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

Abacus Federal Savings Bank

Overview:

Abacus Federal Savings Bank was founded in December, 1984 by a group of business leaders from the Chinese community in New York City . The founders' original purpose was to provide banking services to immigrants and local residents of lower Manhattan . As the Chinese immigrant population grew in the 80's and 90's, the Bank retained its original mission, but expanded its size and scope. It now has 6 branches covering New York , New Jersey and Pennsylvania . Besides the traditional banking services, it also offers insurance and securities through its subsidiaries. Abacus is federally chartered. Its mortgage and other services extend to all states in the United States .

In the 90's, trade between U.S. and China grew exponentially. The Bank saw the need to establish contacts internationally to serve its customers who now include a broad segment of companies and individuals doing business with China . Abacus established correspondent relationships with government owned and/or ranked banks in China , Hong Kong and Taiwan to facilitate the flow of credit and funds between China and the United States .

Abacus's broad reach and access to key businesses and industries in China is wide. Services to companies interested in trade with China include providing comprehensive business related reports of an industry or company in China . With an effective network of consultants, the Bank can liaison, provide credit and marketing information, and identify strategic partners for U.S. companies. To facilitate trade, the Bank can also assist in verifying the quantity and quality of merchandise shipment pursuant to the terms of letters of credit. The services provided by the Abacus are unique in the industry. Trading with China cannot be made easier with the Bank's facilities. If you need in depth of markets in China , contact Abacus.

For businesses and individual customers in China , the bank has easy procedures to open depository accounts. The bank can issue debit or credit cards to facilitate purchases. To facilitate trading, Abacus can provide credit information about U.S. companies. For Chinese companies that are interested in expanding to the US , the bank can provide marketing and investment information. The bank is the bridge to the U.S. for Chinese businesses and individuals.

Abacus has a wholly-owned insurance subsidiary, the Abacus Insurance Agency Corp. (AIAC). Through this subsidiary, life, health, accident and annuity insurances are provided to the Bank's customers with reliability.

Abacus has a wholly owned broker/dealer firm, the Abacus International Capital Corp. ( AICC). Stocks, bonds, mutual funds and options can be bought and sold with ease and dependability.

Abacus Federal Savings Bank is a full service financial institution. Banking with Abacus will give you the satisfaction of personal service and individual attention. Abacus believes that a bank is only as good as its services to its customers. At Abacus, your interest is the Bank's interest; you can count on us.

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.