First Vietnamese American

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On Friday, November 5, 2010, First Vietnamese American Bank, Westminster, CA was closed by the California Department of Financial Institutions. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Grandpoint Bank, Los Angeles, CA. For more information on Grandpoint Bank, visit us at www.grandpointbank.com.

The FDIC has assembled useful information regarding your relationship with First Vietnamese American Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.