Jill Sung, the President of Abacus Federal Savings Bank ("the Bank"). announced that Independent Community Bankers of America (ICBA) has allocated $1,500 to the Bank to donate to a not-for-profit Chinese community organization of the Bank's choice.

The Bank has chosen New York Chinese School (The School) to receive this donation. ICBA is a national bankers’ association formed to advocate for, and support, independent community banks throughout
the United States. There are over 3,000 community banks that are members of ICBA. Jill Sung
has served as a member of the ICBA Minority Bank Council since 2011. She has also served as a
Director-At-Large of ICBA’s Board since 2021.
New York Chinese School has served the community for over 100 years. It was established in
1909 under the supervision of the Chinese Consolidated Benevolent Association. Many
lawyers, accountants, and other professionals in the community have attended New York
Chinese School and benefited from the curriculum offered by the School.
The Bank has agreed to match the ICBA’s donation with the Bank’s own funds of $3,000. Additionally, the Bank has obtained matching funds of $3,000 from the Sung’s Foundation. Sung’s Foundation was founded by the Bank’s Chairman of the Board, Thomas Sung, to help the community. With these donations from ICBA, the Bank, and Sung’s Foundation, the total sum to be awarded to New York Chinese School is $7,500.

“Meet Us In Chinatown” Event Hosted by ABNY in partnership with Abacus Bank and other Chinatown Community-based Organizations!

To celebrate Chinatown’s history, help combat anti-Asian sentiments, and encourage a robust economic comeback, the Association for a Better New York (ABNY) , Abacus Federal Savings Bank, Think!Chinatown, Welcome to Chinatown and the Chinatown Core Block Association hosted a FREE event in Manhattan's Chinatown that includes a cultural walking tour, complimentary food from participating restaurants, a scavenger hunt, live music and demonstrations on Thursday, June 17, 2021 starting at Kimlau Square, Park Row, New York, NY 10038. 

Free activities include a sampling of Asian cuisine, desserts, and tea on planned restaurant crawls; a scavenger hunt with prizes; the ability to experience the history, architecture, and culture of Chinatown through an audio or walking tour; experience the Chinatown murals, Tai Chi classes; and live music. Those who have participated and spent more than $50 at any Chinatown vendors also received a gift bag from ABNY. 

Click HERE to view Jill Sung's Speech at the event

News Coverage

Sinovision

World Journal

Singtao Daily

Epoch Times 1

Chinapress

Epoch Times 2

Sinovison.net

“Chinese Workers and the Railroad” photo exhibition at Abacus Bank!

Abacus Director Vera Sung and President/CEO Jill Sung are honored to announce that: the Chinese American Heritage Foundation has granted Abacus Bank the permission to show their United States Transcontinental Railroad Photo Exhibit : “Chinese Workers and the Railroad”! This special exhibit is comprised of 60 pictures which were completed based on the study of “Chinese Railroad Workers in North American Project” at Stanford University. The descriptions are in both Chinese and English. This exhibit explaining how the U.S. Transcontinental Railroad was built and the Chinese-American’s critical contributions to this achievement. Please click below news coverage links for detailed information about this exhibit.

News Coverage

World Journal

Singtao Daily

China Press

Sinovision

Epoch Times

The Sung Family talks about Anti-Asian Attacks, COVID

A new article from Frontline PBS

‘Defending Our Existence’: The Sung Family, From 2017 Film ‘Abacus,’ Talks About Anti-Asian Attacks, COVID .

Coffee On Us!

12/14/2020 Relax and bank at home with Abacus iBanking and eStatement. And have a coffee on us!

Click for "Coffee On Us" promotion details

News Coverage

World Journal

Singtao Daily

China Press

Sinovision

ANOTHER 5-STAR RATING FROM BAUERFINANCIAL

Abacus Federal Savings Bank has maintained a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, since 2017. A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Read More

2019Highlight

2019Highlight(PDF)

Comment Letter with Exhibits on Draft Environmental Impact Statement: Borough-Based Jail System: Manhattan Site, dated July 22, 2019.

7/22/2019 City proposed construction new detention center at 124-125 White street, letter of Helen Mauch and Daniel M. Richmond of Zarin & Steinmetz attorneys to Howard Judd Fiedler, A.I.A.,Director of Design Unit, NYC Department of Correction. Dated July 22, 2019.

Letter of attorney for NUBC to NUYC Department of Correction Dated July 22, 2019 (PDF)

ABACUS HAS TWO REPRESENTATIVES WERE IN THE JUNE ISSUE OF INDEPENDENT BANKER

• Michael Yeh has received a significant honor for being recognized as 40 Under 40: Emerging Community Bank Leaders. Michael’s name was submitted based upon everything he brings to the bank, including his professionalism, accomplishments, leadership abilities, teamwork, willingness to go the extra mile, community involvement and of course he always his positive outlook and smile on his face. Let us congratulate Michael for this achievement.
• Vera Sung was interviewed responded to questions about how she stands up for the community. Amongst Vera’s community activities are:
She has been on Community Board 1 for almost eight years as part of the Landmarks and Preservation Committee; Vera is active with CITYarts which is a youth organization where children can transform and beautify the area they live in.
• Read More

ANOTHER 5-STAR RATING FROM BAUERFINANCIAL

Abacus Federal Savings Bank has maintained a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, since 2017. A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Read More

EXPANDED BUSINESS HOURS

Expanded business hours in our Brooklyn branch! We Listened to you! Please click Here for updated office hours.

ABACUS DOCUMENTARY - OSCAR NOMINEE!

ABACUS documentary team attends The Oscars! Incredibly honored to be part of this. Congratulations to all of the nominees and the winners! www.abacusbank.com/others/abacus-at-oscars/

REGISTER TO VOTE!

Abacus Bank is proud to partner with OCA-NY in its 2018 Voter Registration Drive! http://www.oca-ny.org/press/oca-ny-announces-voter-registration-drive

ABACUS: SMALL ENOUGH TO JAIL is a Chicago Film Critics Association 2017 Best Documentary Nominee!

ABACUS: SMALL ENOUGH TO JAIL is a Chicago Film Critics Association 2017 Best Documentary Nominee! So grateful for this honor! https://chicagofilmcritics.org/

ABACUS: SMALL ENOUGH TO JAIL advances!

ABACUS: SMALL ENOUGH TO JAIL advances! http://www.oscars.org/news/15-documentary-features-advance-2017-oscarr-race-0
Incredibly honored to be among these 15 films!

ABACUS: SMALL ENOUGH TO JAIL is named as one of the Top 5 Documentaries for 2017 by National Board of Review!

ABACUS: SMALL ENOUGH TO JAIL is named as one of the Top 5 Documentaries for 2017 by National Board of Review! Thank you to everyone who has made this possible! http://www.nationalboardofreview.org/2017/11/national-board-review-announces-2017-award-winners/

ABACUS Movie wins Best Political Documentary – 2017 Critic’s Choice Award!

ABACUS: SMALL ENOUGH TO JAIL wins Best Political Documentary – 2017 Critic’s Choice Award! The Sung Family also are named among the honorees of Most Compelling Living Subjects! Congratulations to Steve James, Mark Mitten, Julie Goldman, PBS Frontline, Kartemquin, and everybody else involved in making ABACUS!

Abacus has earned a 5-Star rating from BAUERFINANCIAL

Abacus Federal Savings Bank has earned a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Read More

Watch "ABACUS: SMALL ENOUGH TO JAIL" online at PBS/Frontline!

Thank you to everyone who tuned into PBS/Frontline to watch ABACUS: SMALL ENOUGH TO JAIL! We are so honored and grateful for all your expressions of support and solidarity. Our mission as a minority bank is stronger than ever, and we remain true to our cause! http://www.pbs.org/wgbh/frontline/film/abacus/

Abacus bank Chairman Thomas Sung alerts people to watch their personal information

Abacus Federal Savings Bank Chairman Thomas Sung alerts community Chinese to watch their personal information see if they are compromised by checking online at https://www.consumer.ftc.gov/features/feature-0014-identity-theft ,and www.equifaxsecurity2017.com, due to Mr. Sung’s credit card being fraudulently applied and unveiled recently. Click here for Chinese news release regarding this matter.

Watch the documentary film about our Bank - ABACUS: Small Enough to Jail!

NYC theatrical premiere 5/19 at the IFC Center in Greenwich Village. National release afterwards in San Francisco, LA, Boston, Philadelphia, DC, and Chicago. Directed by Steve James, ABACUS has been garnering excitement during its film festival tour! Awards include 1st runner-up Grolsch People’s Choice Documentary Award in Toronto, Audience Award for Best Documentary at Sarasota Film Festival, Best Editing: Feature Length Documentary at Ashland Independent Film Festival, Audience Winner at San Diego Asian Film Festival, Honorable Mention for Masters of Cinema at Philadelphia Film Festival.
www.abacusmovie.com

Abacus had successfully held a financial seminar in NYC Sang Kiang Charitable Association

After weeks of deploying the Banking Seminar/Education with San Kiang Charitable Association, Wu Foundation , Fu Generation Foundation and AICPA member Tien Wang, CPA, the first seminar in this year of Abacus Bank was successfully held on 1/25 at Chinatown San Kiang Association. In the seminar session, Abacus team, Mendy Huang, Terry Cheung, Boya Li and William Hwang had addressed our Chinese New Year Promotions, including business and personal accounts, wire transfer, and loan programs such as foreign national loan and etc. Other topics the attendees showed very much interested are 2017 new tax regulations that were addressed by CPA Wang. The audience and reporters asked and discussed scores of issues; Abacus team members and CPA Mr. Wang explained and provided answers. The presidents of associations and speakers in the session all praised Abacus Bank has been doing a lot of contributions to help the community, new immigrants and businesses in lending and banking services.

Sing Tao Newspaper and World Journal had covered this event with community page headline and important messages with picture; Sinovision TV also interviewed San Kiang Association president Kai Wu and William Hwang, the V.P of Abacus bank, and aired the seminar education and interview on 1/25 evening news.
http://video.sinovision.net/?id=37059&cid=0&sts=1485445194180

Abacus had successfully held a financial seminar in NYC Ningbo Association

Abacus Bank had successfully held a financial seminar in New York City with NY Ningbo Association on the date of 12/15/2016. Numbers of business association leaders and business owners attended this seminar. For more information regarding this seminar and news coverage, please click Read more>>

The documentary film, ABACUS: Small Enough to Jail

Watch the documentary film about our Bank - ABACUS: Small Enough to Jail! This is a story of how we fought for 5 years to defend ourselves against Manhattan District Attorney’s, Cyrus R. Vance, Jr., unjust charges of mortgage fraud. This is a story about staying true to our community and fighting for what is right. Screenings have been at the Toronto International Film Festival, New York Film Festival, Washington, DC at Double Exposure: Investigative Film Festival, Chicago International Film Festival and Philadelphia Film Festival. Upcoming screening will be at the Amsterdam International Documentary Film Festival in November. “ABACUS: Small Enough to Jail” is directed by award-winning documentarian Steve James and was the runner-up for the Grolsch People’s Choice Documentary Award in Toronto. Stay tune for additional showings in 2017! Movie trailer:
https://www.youtube.com/watch?v=6MCCl-sK4ck

Free Seminar for the Community

Sinovision reported a news regarding Abacus Bank and Chang Le American Association, Inc. held a free Mortgage seminar for community in Chinatown . Please click here for more information (Chinese).

Top-Performing Community Bank

Abacus Bank is named as one of the nation’s 2016 top-performing community banks by the Independent Banker magazine.
http://independentbanker.org/2016/04/the-best-of-the-best-for-2016/

Ranked #4 of the Most Affordable Checking Account

Abacus Bank is pleased to announce that Abacus Everyday Checking account is ranked #4 of the most affordable checking account among 74 banks by New York City Comptroller Scott M. Stringer. Learn more>>

Apple Pay and Mobile Check Deposit Now Available to Abacus Customers

(April 11, 2016) Sinovision posted an article regarding Abacus Bank is now offering Apple Pay and Mobile Check Deposit to Abacus Customers (Chinese). Read More>>

Abacus Bank Had a Good Year

(December 22, 2015) American Banker posted an article "10 Who Had a Good Year", please click on image #11 for Abacus Bank's good year. Read More>>

A Small Bank's Big Victory Against Federal Prosecution

(November 2, 2015) American Banker posted an article "A Small Bank's Big Victory Against Federal Prosecution". Read more>>

Abacus Bank's Relationship with Fannie Mae Has Been Restored

Thomas Sung, Chairman of Abacus Federal Savings Bank (the Bank), announced today that Fannie Mae has restored its correspondent relationship with the Bank...more>>