Immigrants find piece of home at Royal Business Bank

Migrating to the United States comes with myriad challenges, among which is finding the right bank to entrust with one's finances and future.

"Finding opportunities in the US is only the first step for immigrants. A successful, financially secured life in a new country entails the support of someone who understands them most," says Alan Thian, president and CEO of Los Angeles-headquartered Royal Business Bank, which specialises in Chinese-American business banking. "We speak multiple languages, share the culture, and have in-depth knowledge and experience coming from both sides."

Tracing his roots from Singapore as a first-generation immigrant, Thian ensures that Royal Business Bank covers comprehensive services - from personal deposits and foreign currency remittance to small business, commercial and industrial loans - while offering personalised assistance that makes immigrants feel right at home. Recognised for making invaluable contributions to local communities and his cross-border ties, Thian is the first Chinese to be appointed to the Advisory Committee on Community Banking at the Federal Deposit Insurance Corporation.

From a Chinese-American business-oriented bank, Royal Business Bank has become a valued partner to businesses trading between California and the mainland, Taiwan and Southeast Asian countries. It has also extended financial support to other underserved ethnic groups, such as Filipino businesses that have yet to find similarly specialised banks despite a fast-growing population in the US.

This thriving market, coupled with a proactive approach, enabled Royal Business Bank to grow to 10 branches serving Los Angeles, Las Vegas, Ventura County and Orange County within six years. The bank aims to broaden its presence in Northern California, New York and Texas in the next five years.

"Envisioning Royal Business Bank as a key player in the ethnic banking industry means continuing to reach people who want to grow with us - whether it is for better opportunities, diversification or as a safety net for overseas investments," Thian says.