Ameriabank news

Golden State Bank and Ameriabank have announced the signing of a memorandum of cooperation, which aims to promote close cooperation between the two prestigious institutions and enable current and future clients of both banks to use the other bank's services and each other's markets.

From now on, those Armenian companies and individuals who want to receive banking services, purchase real estate or conduct business in the state of California have a reliable partner in the form of Golden State Bank, which they can turn to through the mediation of Ameriabank. At the same time, US-registered companies and resident individuals have the opportunity to use Ameriabank products and services through Golden State Bank.

This is the first experience of such cooperation between an Armenian bank and an American commercial banking institution, which provides an unprecedented opportunity for citizens of Armenia to acquire real estate in California and use a wide range of banking services by obtaining financing from Golden State Bank by applying to Ameriabank in advance. US companies and individuals, on the other hand, will be able to obtain financing through Golden State Bank from Ameriabank for the purpose of carrying out business activities or purchasing real estate, and use the bank's many other products and services (remote account opening, card issuance, deposit processing and etc):

"We know the banking system of Armenia very well and highly appreciate it. We have close banking relationships with the Armenian American business community in Los Angeles. We are inspired by the prospect of cooperation with one of the most prestigious banks in Armenia, the highly-reputed Ameriabank, and are happy to be able to provide brokerage services to our clients and make it easier for them to invest and do business in Armenia. It will undoubtedly contribute to the economic development of the country and stimulate the creation of new jobs. At the same time, this cooperation will enable Armenian companies to get access to the service sectors and markets where Golden State Bank operates," said Tom Byington, Executive Director of Golden State Bank.

"I highly appreciate this new partnership with Golden State Bank, which provides an opportunity to bring the borders of Armenia and California closer together, to expand and promote business development on both sides, and to make real estate markets accessible. This cooperation will contribute to the expansion of the cooperation of the two countries, especially to the establishment of new business ties with the Diaspora," said Artak Hanesyan, General Director of Ameriabank.

About Golden State Bancorp and Golden State Bank

Golden State Bancorp is the parent company of Golden State Bank. Golden State Bank is a California-based full-service bank serving the business, commercial and professional sectors. The bank meets the financial needs of its corporate customers by providing loans for the purchase of working capital, equipment, residential and commercial real estate, as well as a wide range of cash-flow services and deposit products for companies and their owners. Golden State Bank provides services through a headquarters and branch in Glendale and a regional office and branch in Upland. For more information, visit www.goldenstatebank.com.
 

About Ameriabank

"Ameriabank" CJSC is one of the dynamically developing banks of Armenia and ranks among the country's most stable and large financial institutions. It is the first investment bank in Armenia and since 2007 has been providing a wide range of innovative banking services. "Ameriabank" CJSC is a universal bank that provides corporate, investment and retail banking services, providing a complete set of banking solutions. It is also the largest taxpayer bank in Armenia. Since 1992, when the modern banking system of independent Armenia was established, Ameriabank is the first bank in Armenia whose assets and loan portfolio have crossed the 1 billion USD mark.