Amerasia Bank
Amerasia Bank is an FDIC-insured community bank operating eight branches across New York and Florida, serving individual consumers and small/medium businesses in Asian-American communities with deposits, lending, mortgages, and safe deposit boxes.
- Company typePrivate
- Founded1988
- HeadquartersFlushing, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
Amerasia Bank firmographics
Firmographics- Name
- Amerasia Bank
- Legal name
- Amerasia Bank
- Website
- https://amerasiabankny.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Amerasia Bank is an FDIC-insured community bank operating eight branches across New York and Florida, serving individual consumers and small/medium businesses in Asian-American communities with deposits, lending, mortgages, and safe deposit boxes.
- Ownership category
- akta.pro rank
Where Amerasia Bank is headquartered
LocationHeadquarters
- HQ city
- Flushing
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Amerasia Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Interest earned on lending products including personal loans, business loans, and mortgages. This represents the primary revenue stream for the bank through the net interest margin between lending rates and deposit rates.
- Deposit Account Fees: Fee income from deposit account services including checking accounts, money market accounts, savings accounts, time deposits (CDs), and IRA accounts. Various account maintenance and transaction fees generate non-interest income.
- Other Banking Services: Revenue from safe deposit box rentals and other banking services. The bank offers safe deposit boxes as an additional service generating recurring rental income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Checking Accounts - Personal |
| Subscription | Monthly | Money Market Accounts - Personal |
| Subscription | Monthly | Savings Accounts - Personal |
| Subscription | Multi-year contract | Time Deposits / CDs |
| Subscription | Annual | IRA Accounts |
| Subscription | Monthly | Basic Banking Account |
| Subscription | Monthly | Business Accounts |
| Other | Pay-as-you-go | Personal Loans |
| Other | Pay-as-you-go | Business Loans |
| Other | Pay-as-you-go | Mortgages |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Amerasia Bank product offering
Product offeringCore offering
Amerasia Bank is a community bank that provides FDIC-insured deposit accounts (personal and business checking, money market, savings, time deposits/CDs, IRAs) along with consumer and commercial lending products (personal loans, business loans, residential mortgages) and ancillary services such as safe deposit box rentals and internet banking. Services are delivered through eight physical branches in New York and Florida, with a FundsXpress-powered online banking channel for existing customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Personal checking account offering everyday banking services with features such as online and mobile banking access for individual retail customers.
- Personal Money Market Money market deposit account for personal customers offering competitive interest rates with limited transaction/check-writing capability.
- N.O.W. Account Negotiable Order of Withdrawal account providing interest-bearing checking with certain transaction limitations.
- Personal Savings Savings account for personal customers to deposit funds and earn interest over time.
- Time Deposit / CD Certificate of Deposit with fixed term and competitive APY rates, currently featuring a 9-month CD at 4.00% APY promotional rate.
- Basic Banking Account Entry-level banking account designed for customers seeking essential banking services, including unbanked and underbanked individuals.
- IRA (Individual Retirement Account) Tax-advantaged retirement savings account for individuals, with options for traditional or Roth IRA structures (Source data also references SEP IRA in pricing layer).
- Business Checking Commercial checking account designed for business entities with features supporting everyday business banking needs.
- Business Money Market Money market account for business customers offering competitive rates on higher balances with limited transactions.
- Business Savings Savings account designed for business entities to accumulate and retain business funds while earning interest.
- Business Time Deposit Certificate of Deposit for business customers with fixed terms and guaranteed returns.
- Personal Loan Unsecured or secured loan product for personal use, including debt consolidation, major purchases, or unexpected expenses for individual consumers.
- Business Loan Commercial lending products for business purposes including working capital, equipment financing, term loans, and lines of credit for business expansion.
- Mortgage Residential mortgage products including purchase mortgages and refinancing options for residential properties for individual consumers.
- Safe Deposit Box Secure storage service in bank vaults for valuable documents and items, generating recurring rental income for the bank.
- Internet Banking Online banking platform delivered via FundsXpress that enables existing customers to access accounts, transfer funds, pay bills, and manage finances digitally.
Companies that use Amerasia Bank
Customer profileSegments2 records
Ideal customer profiles2 records
Amerasia Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Amerasia Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FDIC (Federal Deposit Insurance Corporation)coreAmerasia Bank is FDIC-insured, with deposits backed by the full faith and credit of the U.S. Government. FDIC insurance is a mandatory regulatory requirement for all FDIC-insured banks, providing deposit protection up to the legal limit.
Scale indicators1 record
Amerasia Bank competitors and assessment
Company assessmentDirect peers
- Flushing Bank: A community bank headquartered in Flushing, NY (same city as Amerasia Bank) serving the Asian-American community with comparable deposit, mortgage, and small business banking products. Highly comparable in scale, geography, and target customer.
- Cathay Bank: A Chinese-American focused community bank offering personal and business banking, mortgages, and commercial lending with branches in California, New York, and other states. Direct overlap in target market and product mix.
- East West Bank: The largest Asian-American focused bank in the U.S., offering personal banking, business lending, and mortgages with branches across multiple states. Closest scaled peer in terms of community focus and product offering.
- Abacus Federal Savings Bank: A Chinese-American community savings bank based in New York City with a similar deposit and lending product set. Direct comparable in niche focus and NY geography.
- Bank of Hope: The largest Korean-American community bank in the U.S., offering personal and business banking products across multiple states. Comparable in community-bank positioning targeting Asian-American customers.
- Hanmi Financial Corporation: The parent of Hanmi Bank, a Korean-American focused community bank with personal and business banking products. Direct comparable in niche community focus and product suite.
- Preferred Bank: A California-based commercial bank with strong Asian-American commercial and retail banking franchise. Comparable in community positioning, product mix, and private ownership.
- Royal Business Bank: A Chinese-American focused community bank headquartered in Los Angeles with personal and business banking products. Direct comparable in customer segment and product offering, though West Coast based.
- Carver Federal Savings Bank: A minority-focused community bank in New York City serving African-American, Caribbean, and multicultural communities. Comparable in size, community-bank positioning, and NYC geography.
Broad incumbents
- New York Community Bancorp: A large regional banking franchise serving the New York metro area with full personal and business banking services. Competes with Amerasia in the same geographic footprint, though at substantially greater scale and with broader product capabilities.
Market position
Customer concentration
Amerasia Bank compliance and trust
Trust signalCompliance2 records
Amerasia Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amerasia Bank leadership team
Management profileNumber of profiles
Profiles1 record
Amerasia Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amerasia Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amerasia Bank
What does Amerasia Bank do?
Amerasia Bank is a community bank that provides FDIC-insured deposit accounts (personal and business checking, money market, savings, time deposits/CDs, IRAs) along with consumer and commercial lending products (personal loans, business loans, residential mortgages) and ancillary services such as safe deposit box rentals and internet banking. Services are delivered through eight physical branches in New York and Florida, with a FundsXpress-powered online banking channel for existing customers.
Is Amerasia Bank a public or private company?
Amerasia Bank is a private company. It is classified as unknown and is currently operating.
When was Amerasia Bank founded?
Amerasia Bank was founded in 1988. It employs 251 to 500 people.
Where is Amerasia Bank based?
Amerasia Bank is headquartered in Flushing, United States, in the North America region.
How does Amerasia Bank make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees and other Banking Services.
Who are Amerasia Bank's main competitors?
Direct peers on record are Flushing Bank, Cathay Bank, East West Bank, Abacus Federal Savings Bank, Bank of Hope, Hanmi Financial Corporation, Preferred Bank, Royal Business Bank and Carver Federal Savings Bank. New York Community Bancorp is listed as a broad incumbent.
Does Amerasia Bank have an API?
No public API is recorded for Amerasia Bank.