NECINA Venture Club Workshop

Small to Medium Size Enterprise Banking Solutions

     Event Sponsored by     

   Time: 5:30 pm – 7:30 pm, June 5th, 2008

RSVP: Free (Invitation Only) or NECINA Venture Club Member
Venue: United Commercial Bank, 68 Harrison Ave 1Floor, Boston, MA 02111
Parking: Complimentary Parking: 88 Beach Street, Boston, MA (Interpark Garage)

 

 

The sub prime credit crunch in the United States significantly impacts the global financial market and slows down the business and consumer spending across sectors. Many financial institutions face difficulty to provide customers adequate financing and cash flow support to fight through the current economic downturn. As entrepreneurs, you are constantly seeking creative ways to stay ahead of competitions and making strategic changes to sustain your business growth.

 

NECINA Venture Club workshop is proud to invite senior executives from United Commercial Bank to discuss innovative financing options for SME. The topics include alternative financing strategies besides venture capital or angel funding. SME banking solution covers SBA loan, revolving lines of credit, business equity line and international trade financing. United Commercial Bank will discuss how to work with bankers to unlock global business opportunities.

Agenda

5:30 - 6:00       Registration & Networking

6:00 - 6:10       Remarks by the Organizer & Sponsor

6:10 - 6:40       Presentation by Mr. Raymond Tung,
                        SVP- Director of New England Markets, United Commercial Bank

6:40 - 7:00       Questions & Answers

7:00
- 7:30       Event Wrap Up & Networking

*Light refreshments will be served.
About the Speaker

Mr. Tung started his banking career with Citibank focusing on local corporate clients in Asia. He then joined Manufacturers Hanover Trust Company to handle their Asian regional project finance business. He was thereafter appointed as the President and Chief Operating Officer of the Bank’s joint-venture leasing company in Taiwan. After successful growth in business volume and profitability in the leasing venture, Mr. Tung was reassigned back to New York as Managing Director and Head of Aerospace Group for Asia when the Bank merged with Chemical Bank. During this tenure, he completed numerous pioneering financings for leading airlines in Asia. At the Bank’s next merger with Chase Manhattan Bank, he was reassigned out to Asia as Managing Director and Head of Shipping Group where he executed numerous landmark investment and commercial banking transactions with top-tier shipping companies. In March of 2002, Mr. Tung joined Asian American Bank in Boston as President and CEO, and started transforming the Bank into a high-growth operation. Three years later, he led the successful merger with United Commercial Bank, delivering above-market premium on the stock value to the Bank’s shareholders. He assumed his current position as Director of New England Markets when the two banks merged in November 2005.  Mr. Tung is currently on the Board of Directors of the South Shore Chamber of Commerce and the Massachusetts Housing Investment Corporation, the Board of Governors of Tufts Medical Center, and the Board of Trustees of the Quincy Medical Center. He is also a member of Federal Reserve Bank of Boston’s Community Development Advisory Council. He had also been a director at Asian American Civic Association, and a member of Fannie Mae Massachusetts Partnership Office Advisory Council. Mr. Tung graduated from Long Island University with a BS degree in Accounting and from Columbia University with an MBA degree in Finance and International Business.

About United Commercial Bank

United Commercial Bank ("UCBTM"), a subsidiary of UCBH Holdings, Inc., is a leading bank in the United States serving Chinese communities and American companies doing business in Greater China. With assets of $11.80 billion for UCBH Holdings, Inc. as of December 31, 2007, the Bank has 51 branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, eight branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, branches in Hong Kong, Shanghai and Shantou China, and representative offices in Beijing, Guangzhou and Shenzhen, China and Taipei, Taiwan. UCBTM, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private banking services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, cash management, private client services, loans guaranteed by the U.S. Small Business Administration, residential mortgages, home equity lines of credit, and online banking services for businesses and consumers.

About NECINA Venture Club

NECINA Venture Club is exclusive entrepreneurial community for members to share experience, network and best practice across global economy. NECINA Venture Club organizes advanced workshops and discussion forums specific to challenging issues faced by the executives. Club membership is limited to advisors, established entrepreneurs with mature business operation and selective early stage entrepreneurs with concrete business plan. NECINA Venture Club is the premier business club in New England focus on promoting entrepreneurship and bridging the gap between business in the US and Asia.