East West Bank Joins Financial Education Program

East West Bank Joins Financial Education Program

east-westThe Greater Flushing Chamber of Commerce announced a partnership with East West Bank to organize the “Financial Empowerment Academy,” an innovative community education program for local residents and entrepreneurs to learn effective strategies to save money, build credit, and access economic opportunities.  This free program is scheduled for the second Monday of each month at the Chamber office located at 39-01 Main Street, Suite 511, Flushing NY 11354.

“We are proud to partner with the Greater Flushing Chamber of Commerce to launch the Financial Empowerment Academy as a service to the small business community in Flushing,” said Wendy Cai-Lee, Executive Vice President of Consumer & Business Banking. “Flushing is the fourth largest commercial district in New York and small businesses have been a large contributor to its economic growth. Working with John Choe, Executive Director of the Greater Flushing Chamber of Commerce, these workshops will empower local residents, especially new immigrants with the knowledge to succeed in business and prosper financially. Giving back to the community has long been an important philosophy at the bank and we are excited to provide this platform to Flushing’s vibrant neighborhoods.”

Mr. Richard Lam, Vice President at East West Bank, will lead a workshop on small business entrepreneurship on Monday, June 13, 7pm, at the Chamber office located at 39-01 Main Street, Suite 511, in Flushing, New York. The workshop will cover the “5 Cs” (character, capital, collateral, conditions, and capacity) of financing a small business. Mr. Lam has over 15 years of consultative sales experience in the financial field and has developed a special focus working with minority-owned businesses.

With over $33 billion in assets, East West Bank is one of the 25 largest public banks in the United States.  Ranked top 15 in “America’s 100 Best Banks” by Forbes for six consecutive years (2010-2015), East West Bank actively participates in nonprofit and community-based organizations and provides financial education programs to help local communities thrive.

“We thank East West Bank for partnering with the Flushing Chamber to launch our Financial Empowerment Academy.  Our goal is to expand economic opportunities by providing the tools and resources our entrepreneurs need to start and grow a business in our community,” stated John Choe, Executive Director of the Greater Flushing Chamber of Commerce.  “The free seminars in our new academy expand the type of services we provide through our existing lending circle program, which provides an innovative way to build credit and connect to the mainstream financial system.

The Greater Flushing Chamber of Commerce is a nonprofit membership association that supports the economic growth, inclusive diversity, and shared prosperity of our community through advocacy, networking, and education.  For more information, visit us at www.flushingchamber.nyc.

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