Small Banks Succeed Courting Immigrant Business Owners

The United Commercial Bank, Chinatown, San Francisco Photograph by Reid Neubert

Korean immigrant John Kim worked in New York City restaurants for 30 years before opening three large delicatessens that employ more than 100 workers. But Kim doesn’t bank with the major financial institutions that are his Manhattan neighbors. His lender is Noah Bank, which caters to Korean-American entrepreneurs and has four branches in Pennsylvania, New York, and New Jersey. “Whatever we need, they work with us. We couldn’t have done it without them,” says Kim’s wife, Maria.

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