# Global Commerce Bank

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**Global Commerce Bank** () was an [ethnic Chinese bank](/source/Overseas_Chinese_banks) in the [United States](/source/United_States). Headquartered in [Doraville, Georgia](/source/Doraville,_Georgia), this privately held community [bank](/source/Bank) was established on August 18, 1995, and closed in 2012.

The location of Global Commerce [Bank](/source/Bank) in the [south](/source/Southern_United_States) reflected one of the trends at that time of [Chinese American](/source/Chinese_American) and [Asian American](/source/Asian_American) population diffusion into the area other than the traditional regions settled by Asian Americans such as the western and northeastern United States. All of the directors and most of the investors were American citizens of Chinese ancestry. The bank was located in the Asian Square, next to the [99 Ranch Market](/source/99_Ranch_Market).

In addition to the traditional [banking](/source/Bank) services provided to the local community, Global Commerce Bank also offered credit instruments, such as letters of credit that facilitate international trade. Based on [Georgia](/source/Georgia_(U.S._state)) Banks’ performance report for the year 2003, Financial Management Consulting Group ranked Global Commerce Bank as the 9th best performing bank among 323 banks in Georgia.

## Closure

On March 2, 2012, Global Commerce Bank was closed by state regulators, with three failed branches reopening as part of [Metro City Bank](/source/Metro_City_Bank).[1] Global Commerce Bank was the 12th U.S. bank to fail that year, costing the [FDIC](/source/Federal_Deposit_Insurance_Corporation) an estimated $18 million.[1]

## References

1. Adler, J. (2012). ["Another Failure in Georgia"](https://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=72400293&lang=en-gb&site=eds-live&scope=site). *American banker*. Vol. 177, no. 4. p. 12. Retrieved 2024-05-15. – via [EBSCOHost](/source/EBSCOHost)

## External links

- [Global Commercial Bank](http://www.bankonglobal.com) [Archived](https://web.archive.org/web/20081120175909/http://www.bankonglobal.com/) 2008-11-20 at the Wayback Machine
- [FDIC Press Release](https://www.fdic.gov/news/news/press/2012/pr12025.html)

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Adapted from the Wikipedia article [Global Commerce Bank](https://en.wikipedia.org/wiki/Global_Commerce_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Global_Commerce_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.