Wing Lung Bank
CMB Wing Lung Bank is a bank based in Hong Kong. As of December 2018, the Bank has 35 branches in Hong Kong, 4 branches in Mainland China, 1 branch in Macau and 2 overseas branches, located respectively in Los Angeles and San Francisco in united States.
The bank was founded in 1933 by Dr. Wu Yee-Sun, who owned a majority stake in the bank. It was listed in Hong Kong from 1980 to 2009 until it was acquired by China Merchants Bank. It currently employs over 1,900 people and has assets over HKD 300 billion.
In 2008, China Merchants Bank purchased 53.12 percent of Wing Lung Bank's equity and became the largest shareholder of the bank. Dr. Ma Weihua and Dr. Zhang Guanghua were appointed as the Chairman and Vice Chairman of Wing Lung Bank respectively.
In 2009, China Merchants Bank acquired the remaining shares of Wing Lung Bank, and it became a wholly owned subsidiary of China Merchants Bank. It was delisted from the Hong Kong Stock Exchange after 16 January 2009. In May 2009, Wing Lung Bank adopted the corporate identity of China Merchants Bank.
The Los Angeles branch, located in Alhambra, California, features the largest glass Tile mural in North America, measuring tall by wide. The mural comprises approximately 1 million pieces of glass tile set in an abstract interpretation designed to reflect the nearby San Gabriel Mountains. The mural received the 2007 Spectrum Award, the top industry award for excellence in tile design and implementation.
