Irvine-based Beach Cities Commercial Bank is open for business, some 25 months after filing its paperwork with regulatory authorities, disclosing plans to start operations.
Beach Cities Commercial Bank is set to open in Southern California next week. Rising interest rates and consolidation in recent decades have created more opportunities for investors to form new banks, experts said.
The first full-service bank founded by mainland Chinese immigrants in the U.S., and which targets similar customers, has opened its doors in Orange County.
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