| Type | Private |
|---|---|
| Industry | Finance and Insurance |
| Founded | New York City (1984) |
| Headquarters | New York, New Jersey, and Pennsylvania |
| Key people | N/A |
| Products | Banking |
| Revenue | N/A (Asset = $ 232.847 million) Return on assets = 1.12 Return on equity = 7.5 |
| Website | www.abacusbank.com |
Abacus Federal Savings Bank (國寶銀行) is a Chinese American bank in the United States founded in December, 1984 by a group of business leaders from the Chinese community in New York City. The founders' original purpose was to provide banking services to immigrants and local residents of lower Manhattan. As the Chinese immigrant population grew in the 1980s and 1990s, the Bank retained its original mission, but expanded its size and scope. It now has 6 branches covering New York , New Jersey and Pennsylvania. Besides the traditional banking services, it also offers insurance and securities through its subsidiaries. Abacus is federally chartered. Its mortgage and other services extend to all states in the United States.
Abacus has a wholly owned insurance subsidiary, the Abacus Insurance Agency Corp. (AIAC). Through this subsidiary, life, health, accident and annuity insurances are provided to the Bank's customers with reliability.
Abacus has a wholly owned broker/dealer firm, the Abacus International Capital Corp. ( AICC). Stocks, bonds, mutual funds and options can be bought and sold with ease and dependability.
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