Immediate Release

May 6, 2011

Far East National Bank Participates in $3.7 Billion Syndication Loan for Acquisition of Paper Products Company

Los Angeles, CA – May 6, 2011 – Far East National Bank (FENB) announced its participation in a $3.7 billion syndication loan to finance a paper products company’s $5 billion acquisition of a rival firm. The paper products company is a leading North American manufacturer of paperboard, containerboard, consumer and corrugated packaging and merchandising displays.

FENB will commit a total of $10 million and Bank SinoPac, FENB’s parent company, will also participate in the syndication loan with a $5 million commitment. The total $3.7 billion loan commitment will be used to finance the cash portion of the transaction, to refinance existing debt, and to provide liquidity for the combined operations.

FENB is well-positioned to extend a myriad of lending options to small- and medium-sized businesses and corporations, including C&I loans, syndication loans, and SBA loans.

Headquartered in Los Angeles, Far East National Bank has 10 offices throughout California, an overseas branch in Vietnam, and a representative office in Beijing, China. As a subsidiary of Bank SinoPac and SinoPac Holdings (Taiwan), FENB offers customers seamless access to an extensive network of financial resources in the U.S., Taiwan, China, Hong Kong, Macau, and Vietnam. Our parent company has total assets exceeding $35 billion and serves over 2.5 million customers in Asia and North America from more than 200 service locations.

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