Foster Bank sees profits as other minority banks struggle
In his office on the Far North Side of Chicago, Foster Bank Chief
Executive Paul Byungtag Kim maps out a growth plan that many lenders
these days couldn't contemplate.
The $584.6 million-asset bank
recently told the FDIC that it's interested
in bidding on failed institutions.
Last month Foster also
applied for permission from Virginia banking regulators to open a
Washington, D.C.-area branch that would cater to the large Korean
population. It helps that Foster, which just celebrated its 20th
anniversary, is turning a profit.
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