Far East National Bank was founded in 1974 as the first federally chartered Asian American bank in the United States. It has more than 350 employees and total assets exceeding $1.7 billion. Far East National Bank became a wholly owned subsidiary of Taiwan's Bank SinoPac, which is a member of SinoPac Holdings, in 1997. Through SinoPac Holdings' extensive financial network in the Pacific Rim that includes more than 200 business units, Far East National Bank provides its customers with a unique financial service platform to help integrate their business interests in the United States, Taiwan, China, Hong Kong and Vietnam. The bank provides a wide spectrum of financial services, which encompass commercial real estate lending, corporate banking, investments, treasury and foreign exchange, small business loans, mortgages and other consumer businesses. Far East National Bank is located in Los Angeles.