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| Company type | Private |
|---|---|
| Industry | Finance and Insurance |
| Founded | Doraville, Georgia, U.S. (1995) |
| Defunct | March 2, 2012 |
| Headquarters | Doraville, Georgia, U.S. |
| Products | Banking |
| Website | www.bankonglobal.com |
Global Commerce Bank (Chinese:國際銀行) was anethnic Chinese bank in theUnited States. Headquartered inDoraville, Georgia, this privately held communitybank was established on August 18, 1995, and closed in 2012.
The location of Global CommerceBank in thesouth reflected one of the trends at that time ofChinese American andAsian American population diffusion into the area other than the traditional regions settled by Asian Americans such as the western and northeastern United States. All of the directors and most of the investors were American citizens of Chinese ancestry. The bank was located in the Asian Square, next to the99 Ranch Market.
In addition to the traditionalbanking services provided to the local community, Global Commerce Bank also offered credit instruments, such as letters of credit that facilitate international trade. Based onGeorgia Banks’ performance report for the year 2003, Financial Management Consulting Group ranked Global Commerce Bank as the 9th best performing bank among 323 banks in Georgia.
On March 2, 2012, Global Commerce Bank was closed by state regulators, with three failed branches reopening as part ofMetro City Bank.[1] Global Commerce Bank was the 12th U.S. bank to fail that year, costing theFDIC an estimated $18 million.[1]
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