TomatoBank Sets Pace Among Chinese American Community Banks, According to Data Released by the Small Business Administration's L.A. District Office
04/21/2008
TomatoBank , designated as a Preferred Lending Partner (PLP) by the Small Business Administration, was the #1 lender among Chinese American community banks, according to the SBA's Los Angeles District During the reporting period, TomatoBank funded 8 loans with more than 4.9 million. Data for the 2nd quarter of fiscal year 2008 covers the period from October 1, 2007 - March 31, 2008.
Details from the SBA L.A. District’s report are listed below:
Bank |
$ Funded |
TomatoBank |
$4,978,000 |
United Comm’l Bank |
$3,446,000 |
East West Bank |
$2,909,500 |
First Choice |
$1,050,000 |
Cathay Bank |
$572,000 |
Bank of East Asia |
$340,000 |
Far East Nat’l Bank |
$250,000 |
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For further information about the Bank’s SBA programs, visit www.tomatobank.com.
TomatoBank, N.A. is a federally-chartered commercial bank based in Alhambra, CA. The bank operates branches in Alhambra, Arcadia, Industry, Diamond Bar, Chula Vista (San Diego), Cerritos and West Los Angeles. Contact: Peter Eason 310.806.9666.
TomatoBank (www.tomatobank.com) is Los Angeles' dynamic, leading multi-ethnic bank.
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