United International Bank
United International Bank is an overseas Chinese bank in the United States, and headquartered in New York City.
The bank established itself as a locally based community bank serving Chinese Americans and Asian Americans in the New York City-area. Most of its clients are newly-arrived immigrants and local small business owners who faced difficulties in obtaining financial support from other mainstream banks. In addition to serving the needs of small business owners and entrepreneurs, the bank specializes in financing credit arrangement for import and export trades.
Unlike most overseas Chinese banks in the United States whose managements consist mainly of Chinese people, the managerial team of United International Bank includes a significant number of non-Asians. These include many experienced former executives of mainstream banks invited to help lead the bank to prosperity. The advisory committee and board of directors of the bank includes a number of celebrities such as the famed Dr. Henry C. Lee, and other community activists and leaders.
The bank is one of the first in providing both traditional and simplified Chinese characters on its ATMs and internet banking website.
In 2015, Preferred Bank acquired UIB for $22.2 million.
