New Omni Bank n.a. (??) is an overseas Chinese bank in the United States. Headquartered in Alhambra, California, with branch offices in Rowland Heights, California, and Alhambra, California, this privately held community bank was first established in 1979. This California based overseas Chinese bank is not the Omni Bank headquartered in Houston, Texas founded in 1954.
The bank was originally established to accommodate the influx of Taiwanese immigrants which started in the late 1970s. The original headquarters of the bank, Monterey Park, California, was nicknamed as '''Little Taipei''' back then because many Taiwanese immigrants settled in the city. On April 1, 1990, by way of a tender offer, 96% of the controlling interest of Omni's outstanding stock was purchased, as personal investment, by the Wang family, which controls and operates the China Rebar Group, a well-known conglomerate in Taiwan. As of September 2006, the assets of the bank are $182.9 million USD according to Federal Deposit Insurance Corporation.
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