Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Website
- theasianbank.com
- Founded
- 1999
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
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About the company
Asian Bank is a minority-owned, for-profit financial institution registered in SAM.gov since 2011, with its registration valid through February 2025. As a corporate entity and Community Development Corporation, the bank is recognized as an Asian-Pacific American owned business that provides financial services and community development support. The bank is specifically focused on serving low- and moderate-income populations and economically distressed communities through targeted financial products and investment strategies.
Through its federal grant awards, Asian Bank has consistently received funding from the Community Development Financial Institutions (CDFI) Fund within the U.S. Department of the Treasury, specifically participating in the Bank Enterprise Award (BEA) Program. These project grants, ranging from $280,369 in 2024 to previous years' awards, are designed to incentivize increased investments and support for Community Development Financial Institutions (CDFIs). The grants enable Asian Bank to expand its community development financing and services, with specific focus areas including increasing lending, providing technical assistance, supporting affordable housing financing, and creating tailored financial products for underserved populations. The bank's grant-funded activities aim to promote greater access to capital and economic development opportunities in the most economically distressed communities nationwide, with each grant cycle running approximately one year and targeting specific community development and financial inclusion objectives.
Quick answers
Is Asian Bank registered in SAM.gov?
Yes. Asian Bank's SAM.gov registration is active through September 8, 2027.
What is Asian Bank's CAGE code?
Asian Bank's CAGE code is 6FFR7, and its Unique Entity ID (UEI) is K2FRPTBH6KG7.
What is Asian Bank's most recent federal award?
Asian Bank's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (241BE066388G), from Community Development Financial Institutions Fund, on September 19, 2024.
On GovTribe
See Asian Bank's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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