United Central Bank Announces Fashion Mart Branch Opening 


Shafiq Khan Senior Vice President and Regional Manager

Garland, TX: Keith Ward, President of United Central Bank, has announced  the expansion of the Bank’s retail banking centers into the California market by opening its second branch in Downtown Los Angeles. The Bank is enthused by the success of its first branch in Artesia, CA opened in Oct 2007, and is hoping to repeat the same success in its second location by opening Fashion Mart branch located in Downtown Los Angeles - the hub of commercial activity. The Fashion Mart branch has its grand opening ceremonies slated for April 25.
The branch is located on 900, South Main Street in Los Angeles, CA. United Central Bank banking centers offer a wide range of products which includes checking, savings, Internet banking, Certificate of Deposit (CD) products as well as Small Business Administration (SBA) loans and other commercial loans to finance a variety of small-to-medium size business such as motel, hotel, car wash, gas station, deli, grocery, dry cleaning, etc.
To celebrate the opening, all new business and personal banking customers will be offered one year of free checking services and six months of free wire transfers. A promotional 90 days CD yielding 3.75% APY* (see below) will also be available.
Mr. Shafiq Khan, Senior Vice President and Regional Manager, manages the California operations. He can be contacted at 626-272-9142. Mr. Khan has 20 years of rich and diverse banking experience having spent 15 years in the Downtown commercial market. He  is assisted by Mr. Rashid Memon, Vice President, who has also been actively involved in banking for the past 15 years. Mr Memon is supported by Michael Chiu, Vice President, Soulian Quan and Jenny Yang.
Mrs. Shaila Patankar, Vice President, is the manager of the Fashion Mart Branch. Mrs. Patankar also has a professional banking experience of 20 years with five years in the local Downtown market. She is supported by Mr. James Khandan, Operations Officer, Helen Ma, Business Development Officer, Jenny Yoon and Isabell Torres. She can be reached at 562-412-5387.
United Central Bank is a nationwide SBA lender with extensive experience in providing financing to small and medium size enterprises. Mr. Rashid Memon, Mr. Viren Patel, and Mr. Syed Ali are responsible for SBA and commercial lending. They can be reached at 562-865-8822.
United Central Bank staff supports the following languages: English, Hindi, Urdu, Mandarin Chinese, Korean, Spanish and Vietnamese.
About United Central Bank:
United Central Bank, is a Texas State chartered community bank established in 1987, headquartered in Garland, Texas. United Central Bank has nine banking centers in Texas: Garland, Dallas, Houston, Spring, Hillcroft, Arlington, Killeen, Austin, Plano, and one branch in Springfield, VA, one in Rockville, Maryland, one in Artesia, CA, and the newest branch, Fashion Mart, in downtown Los Angeles, CA. Additional branches are planned in Irvine, CA, Carrollton, TX, and Atlanta, GA. Loan production offices are located in Atlanta, GA, Chicago, IL, Los Angeles and San Francisco metro areas, CA, Richmond, VA, Tampa. FL, and Charlotte, North Carolina.
For further information about the Bank, contact Keith Ward, President and CEO, at 972-485-7201.
*: Annual Percentage Yield is accurate as of the date of publication and is subject to change without notice. The minimum opening balance is $10,000.00. A penalty may be imposed for early withdrawal.


Editor: Akhtar M. Faruqui
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