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Community bank opens branch in Global Mall

November 2008
Community bank opens branch in Global Mall

When banking as an industry is hurting, expansion of small community banks can be seen as a welcome contrarian movement. Over 200 guests—key individuals from the Atlanta Indian community—attended the opening celebration of the first branch of the United Central Bank at the Global Mall in Norcross, GA, a prominent community hotspot.

The Garland, Texas based bank with $900 million in assets, places a high premium on community involvement wherever it operates. With programs such as SmartMoney providing financial education to its patron, to volunteer service of its associates to charitable and professional groups, the bank has earned a place in various Asian and South Asian organizations and chambers of commerce.

In the metro Atlanta area, the bank has had a presence since 2005 with a loan production office headed by Kaushik (Keith) Patel who now serves as the regional manager for the new branch in Norcross.

The bank was formed in 1987 and offers a full line of financial products and services. In addition to the standard bank products, United Central Bank is one of the country’s top SBA lending institutions. “We have helped to create many jobs across the country as a result of our lending to small businesses,” stated James Yoo, Chairman of the Board of Central Bancorp, Inc. the parent company of United Central Bank. “We have a long and strong commitment to the communities we serve and see Atlanta as a great opportunity for us to grow.”

“With so many banks struggling across the country we know United Central Bank stands out with our growth and branch expansion,” said Mr. Yoo. “We are proud of what we have been able to accomplish in a difficult period of economic uncertainty. United Central Bank has always charted a unique course and stayed true to our mission to help the Asian communities we proudly serve.”

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