Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California.  Saigon National Bank provides various personal and commercial banking products and services in California.  Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.  Saigon National Bank is chartered as a National Bank and is therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).

As of December 31, 2008, Saigon National Bank had total assets of $66,492,000 and total deposits of $55,611,000.  The bank ended the year with approximately 12 total full-time equivalent employees.  For the full year of 2008, the bank had a net loss of -$1,850,000.

Saigon National Bank most recent performance ratios.
As of December 31, 2008:

Return on assets (ROA) -3.85%
Return on equity (ROE) -17.95%
Yield on earning assets 5.36% 
Cost of funding earning assets 3.00% 
Net interest margin 2.36%
Noncurrent loans to loans 4.78%
Equity capital to assets 15.94% 
Core capital (leverage) ratio 20.34% 
Tier 1 risk-based capital ratio 18.62% 
Total risk-based capital ratio 19.87%

Saigon National Bank products and services:

Saigon National Bank offers personal checking accounts and personal interest checking accounts, regular, education, and business savings accounts; money market accounts; and certificate of deposit.  The bank’s loan portfolio comprises home equity loans, automobile loans, swing and bridge loans, business real estate and construction loans, and business term loans, as well as home equity and business lines of credit, and business overdraft credit lines.  Saigon National Bank also provides debit cards, online banking, bill pay, telephone banking, safe deposit boxes, funds management, merchant service processing, ACH services and online business banking services

Saigon National Bank branch bank locations:

15606 Brookhurst Street
Westminster, CA 92683
(714) 338-8700
(714) 338-8730 fax

Saigon National Bank web address: www.saigonnational.com

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