After the previous executive director of the Rainier Valley Community Development Fund (RVCDF) left in 2010, the organization hired Richard McIver to serve as interim director until the end of 2010. The RVCDF then managed to operate without an official executive director until it hired Wayne Lau. Lau has years of banking experience, having worked […]
I am disappointed by your coverage of Washington First International Bank (in the June 19–25 issue). Earlier in the year, you published an article titled
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.
Sadly, we have been reminded that nothing is safe in this economy. In January, we ran a profile on Washington First International Bank (WFIB).
Dominic Ng, chairman and chief executive of East West Bank, which acquired Washington First International Bank, surprised Asian media by showing up in Seattle on
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.