On June 26, 2017, Noah Bank announced that Edwin H. Lloyd, who was elected as a director of the Bank at the Bank's 2017 annual meeting of shareholders, has been appointed as Chairman of the Audit Committee of the Board of Directors.
Mr. Lloyd, as a former senior banking regulator and bank executive officer, has extensive managerial experience in supervising individuals and financial institutions. He also addressed major regulatory issues in numerous financial institutions during his 30+ year career with the FDIC.
Chairman Young Man Kim stated "Noah Bank is fortunate to have someone of Mr. Lloyd's experience and capabilities on the Board. We expect that he will add value as Chairman of the Board Audit Committee."
As of March 31, 2017, Noah Bank had assets of approximately $329 million, deposits of approximately $278 million, and loans of approximately $254 million.
About Noah Bank
With its legal headquarters in Elkins Park, PA, Noah Bank is a Pennsylvania-chartered bank that was launched in 2004. At that time, Noah was named "Royal Asian Bank, a Noah Bank", and changed its name to "Noah Bank" in 2011. Operational headquarters are in Fort Lee, New Jersey. Noah Bank provides banking products and services to businesses and consumers primarily in the Asian-American communities of Southeastern Pennsylvania, Northern New Jersey, Manhattan, New York and Flushing, New York. More information is available at www.noahbank.com.