On Friday, June 11, the Washington Department of Financial Institutions closed Seattle-based Washington First International Bank (WFIB) because it didn’t have enough capital.
On any given day, the cacophony of different languages, sight of public art on streets and sidewalks, and wafting smell of cuisines as diverse as the local citizens fill the streets
PENDLETON, Ore. (AP) — When Phat and Sokhan Ong first started working at a Pendleton doughnut shop, they didn’t know a bismarck from a bear claw.
A rising immigrant population can be taxing for many developing cities. However, Bellevue is not one of those cities. The Asian immigrant population in Bellevue increased from 17.6 percent in 2000 to 24.6 percent in 2008. Asians account for almost three-quarters of Bellevue’s non-white population.
Six months ago, BMW Seattle opened its doors in the International District after moving from their Capitol Hill location, where they have been for 25 years. After years of successful business, BMW felt a need to expand but was unable to do so at their Capitol Hill location because they were landlocked. BMW had faced the problem of trying to find a space downtown that was big enough to accommodate their needs.
Panda Express, a company still privately owned by two first generation Chinese Americans, hopes to expand its presence in Washington state, a place well known for its large Asian population and Chinese food scene.
As the world recovers from the global economic crisis, many people have looked to banks and financial service centers as the source for blame, questions, and answers. Along with the public unease, many banks have come under fire from the Federal Deposit Insurance Corporation (FDIC). It released a list of financial institutions that were under investigation.
Asian Americans started Washington state’s first bank in the 1960s. There are currently close to 10 Asian banks including local, national, and international offices. The Black community still does not have its own bank, and the Latino community founded its Plaza Bank in 2006.
John Chen’s passions — technology, adventure, and human change — have combined in such a way to create a successful corporate team-building business. His current project enables individuals and groups to enjoy a special “high-tech treasure hunt” in downtown Seattle.
Pressure from the city and state may have contributed to the closing of the War Room, a popular Capitol Hill nightclub, but the contributions that the venue has made to the music and nightlife scene is one that patrons won’t soon forget.