First Asian Bank hoping to reinvent
July 23, 2009
By MoneyAisle
According to the Las Vegas Review-Journal, First Asian Bank is hoping to reinvent itself by hiring four new board members as well as a new CEO.
Former Fifth Street Bank CEO Philip LaChapelle has replaced William Chu as the financial institution’s new CEO. Besides for LaChapelle, new board members include Robert List, Tick Segerblom, and Steve Schneider.
“First Asian is trying to recover from past director in-fighting that led to bad publicity. A confidential cease and desist order from the Federal Deposit Insurance Corp. and Nevada Financial Institution Division was leaked to the Review-Journal in November. It criticized bank management and board instability.”