New Omni Bank
 | This article needs additional citations for verification. (December 2022) |
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| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | Alhambra, California, United States (1980) |
| Headquarters | Alhambra, California, United States |
Key people | |
| Products | Banking |
| Website | www.newomnibank.com |
New Omni Bank, National Association (Chinese: 華采商業銀行) is a nationally-chartered, FDIC-Insured commercial bank, headquartered in Alhambra, California, United States. Established in 1980, it has branch offices in Rowland Heights, California, Alhambra, California, and Arcadia, California and provides a range of banking services to individuals, small businesses, and commercial clients across Southern California.
The bank operates with a brand purpose of "enriching lives through understanding," which guides its client-centric approach to financial services.
Services
[edit]New Omni Bank offers a comprehensive range of financial products, including:
- Personal Banking: Checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs).
- Business Banking: Business checking, savings, and treasury management services, catering to small and medium-sized businesses.
- Commercial Loans: A variety of business loans, including SBA loans, commercial real estate loans, and lines of credit.
- Home Mortgage Loans: Home mortgage solutions tailored to buyers with thin credit history and non-traditional income source.
- Home Equity Lines of Credit (HELOC): The bank’s HELOC offerings allow for eligibility based on foreign income and assets, with options for investment properties and second homes.
- Specialized Products: IntraFi Network Deposits services such as CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep), which offer enhanced FDIC insurance coverage for large deposits.
History
[edit]New Omni Bank, founded in 1980 as Monterey Park National Bank, was established by local small business owners to serve the specific financial needs of their community. The bank’s initial headquarters was in Monterey Park, California, a city that, at the time, had a growing population of Taiwanese immigrants.
In 2011, Chris Huang assumed the role of CEO and has overseen significant growth in the bank’s assets, from $153 million in 2011 to $538 million by 2023. Under his leadership, the bank has expanded its product offerings, particularly in commercial lending and treasury management services.
In 2024, the bank launched a substantial brand refresh to underscore the bank’s ongoing evolution in providing modern financial services while remaining committed to personalized, community-focused banking.
Community Involvement
[edit]New Omni Bank actively participates in community initiatives, partnering with local organizations to promote economic development and education. The bank supports a variety of programs, including financial literacy workshops and charitable donations, aimed at enhancing the well-being of the communities it serves.
The bank sponsors the New Omni Bank Scholarship Program in collaboration with the Asian Pacific Community Fund (APCF), providing scholarships to students in Southern California. Additionally, the bank makes regular contributions to local non-profit organizations and small businesses, further aligning with its mission to support diverse communities.