EverTrust Bank is a subsidiary of O-Bank.
Headquartered in the City of Pasadena in Southern California, EverTrust Bank was established in 1995 by a group of overseas Chinese bankers and entrepreneurs. In July 2006, O-Bank reached an agreement with the Bank to purchase 100% stake of the Bank via a newly established U.S. holding company, IBT Holdings Corp. The acquisition was consummated on March 30, 2007 and has become an important step in O-Bank's strategy of international expansion.
Presently, the Bank focuses on servicing Chinese businesses in California providing C&I, trade finance, commercial real estate and construction loans as well as deposit services. EverTrust Bank has seven full service branches located at Pasadena, City of Industry, Alhambra, Irvine, Cerritos, Cupertino and Arcadia.
As of December 2016, EverTrust Bank had assets of US $854 million.
Looking forward, EverTrust Bank has vision and professionalism, and is committed to enhance its earnings capabilities and pursue a sustainable growth. EverTrust bank will draw on the experience and expertise of the IBT Group to expand its product offerings and geographic reach.