Immediate Release

August 18, 2008

Far East National Bank to Offer Easy Access to $50 Million in FDIC Insurance on CD Investments

Los Angeles, CA – August 18, 2008 – Customers will soon be able to access multi-million dollar Federal deposit insurance on CD investments at Far East National Bank (FENB).

As a member of the Certificate of Deposit Account Registry Service (CDARS), Far East National Bank can provide a customer with the opportunity for a risk-free investment.

“With the safety and convenience that our bank offers through CDARS, our customers have a new, smart option to help them manage their money,” says FENB President Robert Sweeney.  “There are few guarantees in life and FDIC Insurance is one of them.”

In 1980, Congress set FDIC coverage limits at $100,000 per account.  Inflation over the past 26 years has eroded more than half the value of that coverage.  Now, bankers using CDARS can offer customers much more.

“Who needs it?  Not just the wealthy. Retirees, small business owners, nonprofit organization managers – anyone who wants security,” Mr. Sweeney added.

How does CDARS work?  Through a sophisticated computer network, FENB places customer deposits with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at FENB.

“Customers benefit from the ease of working with only one institution – Far East National Bank – and receiving only one statement,” Mr. Sweeney said.

For more information about CDARS, visit us at www.fenb-us.com or call (866) FENB-USA.

Headquartered in Los Angeles, Far East National Bank has 15 offices throughout California, a representative office in Beijing, and a Vietnam branch. The bank’s customers have access to a CrossPacific service network through its parent, SinoPac Holdings, a fully integrated financial institution with total assets of US$34 billion and over 2.5 million customers in Asia and North America.

Far East National Bank Contact:
Joyce Wong
(213) 687-1267