First General Bank is a full-service commercial bank, with an emphasis on developing a business and professional clientele within the Southern California area. Bank is one of approximately 120 commercial banks across the United States certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI). CDFI Certification is the U.S. Department of the Treasury’s recognition of specialized financial institutions with their primary mission of promoting community development and serving low-income communities.
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm ...