FOSTER BANK

Foster Bank of Chicago opened its doors for the first time in February 1989. The Bank was organized by Korean-American businessmen whose desire was to better serve the banking needs of the Korean-American community in the Chicago-Metro area. Within the first two years of operation, Foster Bank grew rapidly to over $50 million in assets, and in 1992 successfully bid and acquired the Mayfair Bank (another Korean-operated institution located on the far north side of Chicago) out of FDIC receivership, adding an additional $20 million in assets. Since that time, Foster Bank has enjoyed strong growth and earnings, and in fact is considered the top performing minority-owned institution in the Chicago-Metro area. Located on the far north side of Chicago, Foster Banks main facility is located in the heart of the Little Seoul area, and enjoys an 85% Korean-American clientele. In addition to the MAIN and Mayfair (now known as Devon) facilities, Foster Bank now has branches in Arlington H...