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Alex S. Gabor
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Alex S. Gabor is freelance investigative journalist, bank stock analyst, and financial consultant. He does not personally get paid from anyone for anything published here at Seeking Alpha.
My company:
Church of Infinitology
My blog:
You, Me and the SEC
My book:
Confessions of a Sex Crazed Money Man
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  • Georgia State Bank Activities Reform Commission Investigates Metro City Bank In Georgia

    GABARC, an acronym for the Georgia State Bank Activities Reform Commission, a division of the Infinite Freedom Foundations of Georgia.

    What was Metro City Bank doing lending money in Grant County Washington through an Asian Agent who has defaulted on all his "loans".

    That is the question being asked by the Georgia State Bank Activities Reform Commission. GABARC

    Links compliments of Metro City Bank and their Asian Connections:

     

    Unlawful Internet Gambling Notice

     

    Investor RelationsDirectors and OfficersBoard of Directors

    Nack Y. Paek is the Chairman of the Board of Directors. Mr. Paek was President of a successful SBA service provider, Government Loan Service Corporation, which specializes in originating and servicing SBA loans for banks. Mr. Paek dissolved Government Loan Service Corporation in April 2006 in order to focus his full attention on the success of Metro City Bank. Mr. Paek obtained his B.S. degree from College of Commerce, Seoul National University and an MBA from Northern Illinois University. He worked for Continental Insurance Company as Director of Regional Auditing until 1980. From 1980 to 1990, Mr. Paek was a sole owner of the local CPA firm of Nack Y. Paek, P.C., with its clientele being predominantly members of the Asian immigrant communities. Mr. Paek was a founding director of Summit Bank Corporation in 1987, where he served as Chairman of the Board from 1992 to 1994. He also served as Chairman of the Audit Committee. Mr. Paek also serves as Chairman of the Board of Directors of the Center for Pan-Asian Community Services, Inc., (CPACS) the largest nonprofit community service organization geared to help Asian immigrants to settle and adjust in the Metro Atlanta area.

    William M. Hungeling is a certified public accountant who owns his own CPA firm in Atlanta. Prior to starting his own firm, he had a distinguished career with the IRS for 14 years attaining the final position of Associate Chief of the Atlanta Appeals Office. Mr. Hungeling is active in the Georgia Society of CPAs, Brookhaven Rotary Club, and serves in various church and charitable organizations. Mr. Hungeling received a Bachelor of Science in Business Administration from John Carrol University and a Masters Degree in Real Estate from Georgia State University.

    Sarkis Agasarkisian has been the President and Owner of Best Jewelry Manufacturing Company since 1986. He is active in the Armenian-American community, serving as president of the association, and chair of his parish council in the Armenian Church. Mr. Agasarkisian graduated from Dallas Community College and received his law degree from John Marshall Law School in Atlanta. In addition, Mr. Agasarkisian is also holding a M.S. in Computer Science from Nova Southeastern University and an undergraduate Computer Science degree from Georgia State University.

    Dr. Manolo B. Apanay, M.D. practiced in General Surgery from 1971 until 2000 with Southern Regional Medical Center, Henry Medical Center and South Fulton Medical Center. He served as the President of Clayton Fayette Henry Medical Society from 1983 to 1984; President of Filipino American Association of Greater Atlanta in 1976 and 1985; Co-founder and President of Asian Pacific American Council of Georgia in 1991; President of Philippine American Medical Association of Georgia from 1986 to 1988; Board of Advisors of the Philippine American Chamber of Commerce of Georgia from 1996 to 2000; Board of Directors, Clayton County Chamber of Commerce from 1985 to 1988; Board of Trustees, Clayton State University Foundation from 1995 to 2000; Board of Directors, Arts Clayton from 1996 to 2000; Vice President, National Federation Philippine American Chamber of Commerce of USA from 1996-1998; Board of Directors of a local community bank in Doraville, Georgia from 1995 to 2004.

    Jay Eun has been the owner of Golden Stella, Inc., a fashion jewelry wholesaler, for the past 21 years. Mr. Eun was educated in Korea and also attended Georgia State University after serving in the Korean Army.

    Francis Lai, a native of Malaysia, is currently the managing member of Goldfield Capital, LLC., an operator of commercial real estate ventures. Prior to 1984, Mr. Lai worked with Hock Hua Bank Berhad in Sabah, Malaysia and was a director of Summit Bank Corporation from 1984 to 2007. Mr. Lai earned an Associates Degree from New York State University, and B.A. and M.B.A. degrees from Mercer University in Atlanta.

    Don T.P. Leung is the Managing Member of Light Efficient Depot, LLC, an operator in energy efficient commercial lighting. Prior to 2011, Mr. Leung established & managed an apparel company that developed private label apparels for 25 years. He is a native of Hong Kong, and was educated in England.

    Feiying Lu has been an internal controller with Imex Trading Company, a wholesale frozen foods distributor, since 1997. Ms. Lu received a Bachelor of Science degree from Shanghai University of Science and Technology.

    Young Park is the President of Fortune International Jewelry and also owns several Japanese restaurants. He is a graduate of Inha University, South Korea, with a degree in mechanical engineering.

    Ajit A. Patel is the Managing Member of Amrit & Sons I, LLC, he is an owner and operator of two hotels in Pensacola, Florida. Mr. Patel was educated in London at the City University where he graduated with honors in Economics and Accountancy. He also received a Masters Degree in Taxation from Georgia State University.

    Frank S. Rhee currently serves as Financial Manager for Trends Menswear. He previously worked for the accounting firm of Ernst & Young. Mr. Rhee also served as an Assistant Controller for Manufacturers Hanover Bank in New York from 1990 to 1993. He is a graduate of New York University and Lovett High School in Atlanta.

    Sam Sang-Koo Shim is a certified public accountant and certified valuation analyst, and certified government finance manager who owns a CPA consulting firm. Mr. Shim served and retired as the Chief in the Bureau of General Accounting for the State Government of Illinois after 23 years. Mr. Shim graduated from the Business School of Seoul National University, Korea, and received a Masters Degree in Business Administration from Northern Illinois University and an M.S. Degree in Business from the University of Wisconsin at Madison. Mr. Shim is active in the Illinois CPA Society and American Institute of CPA Society, and National Association of Certified Valuation Analysts.

    Executive Officers

    Farid Tan is the President and Chief Executive Officer of Metro City Bank. With over 30 years of banking experience, Mr. Tan has worked for a Malaysian bank, Bank Bumiputra Malaysia, both in Malaysia and in New York, rising to the position of Assistant General Manager before leaving in 1999 to become the Senior Credit Officer for a local community bank in Doraville, Georgia. He was President and CEO of the Bank from 2002 to 2005. Mr. Tan has vast experience of community, regional and international banking that covers financial, operations, audit, retail banking, mergers and acquisitions, loan syndication, foreign exchange trading, security investment, and portfolio management.

    Hwa Saeng Kim is the Executive Vice President and Chief Lending Officer of Metro City Bank. Mr. Kim has vast experiences in the financial sector. He has worked with Korea Development Bank from March 1974 to January 1991 as a Deputy General Manager, Korea Development Securities Co. Ltd. as Manager and Representative in Amsterdam Office, and Vice President, Commercial and SBA lender with a local community bank in Doraville. Mr. Kim has an MBA degree in Finance from Seoul National University and Georgia State University.

    Press Releases

    Metro City Bank Further Expands Atlanta MSA Banking Franchise... learn more

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BANR, BAC, C, JPM over the next 72 hours.

    Additional disclosure: Soros Fund Management Advice Via See King Alpha Short All Washington State Publicly Traded Banks Pending Further Developments with the Secretary of State and the Securities Division regarding cease trading orders on all publicly traded banks in Washington State.

    Mar 19 7:31 PM | Link | Comment!
  • American Bankers Magazine Under Investigation For Publishing False Information About American Banks And Banking

    American Banker Magazine is under investigation for publishing false and misleading articles on the American Banking Industry by the International Bank Activities Reform Commission between 1988 and 2008.

    The investigation is expected to take another two years before a final report is available to the world bankers who dominate the planet's real estate, banking, currency and finance markets.

    Some articles linked below are compliments of American Bankers Association and American Banker Magazine.

    The Future of E-Signatures
    Customers themselves are lending momentum to the banking industry's movement toward electronic signatures. But compliance questions and other implementation hurdles remain.

    Riding the Mortgage Revenue Wave
    An analysis of mortgage origination volume and revenue at five big banks.

    Capital One Sees Lessons in Business Banking
    Jonathan Witter, CapOne's president of retail and direct banking, points to the flexibility banks offer in pricing business-banking products as an example of how they could generate more fee revenue on the consumer side.


    This survey and recognition program is dedicated to identifying and recognizing the best employers in the banking industry. If you think your organization has what it takes to be honored on the first annual Best Banks to Work For list-we invite you to register.


    Social Media, Risk Weigh Heavily on ICBA Conference Attendees
    Bankers who were at last week's convention are considering ways to expand social media use and offer new products that will not run afoul of regulators.

    Cyprus Depositor Tax: Could It Happen Here?
    A levy assessed on bank customers for their savings - as is being proposed in the Cyprus bailout - seems unimaginable in the U.S., yet may stoke bank runs in Europe and elsewhere.

    Stress-Test Failure Clouds M&A for BB&T
    The Fed's rejection of BB&T's capital plan likely bars the serial acquirer from big acquisitions for several months, but it might be able to pull off a small one.

    Sources:

    International Bank Activities Reform Commission

    International Securities and Exchange Dealers Association

    Infinite Freedom Foundations of Earth, International Budapest Hungary.

    Additional Search Results from Google Custom Search:

    Arrow Financial Corporation Recognized by American Banker ...

    Sep 7, 2012 ... 7, 2012 /PRNewswire/ -- Arrow Financial Corporation (NASDAQ:AROW) (NasdaqGS® AROW) has been recognized by American Banker Magazine as ...

    seekingalpha.com

    seekingalpha.com/.../4067281-arrow-financial-corporation-recognized-by- american-banker-magazine

    clipped from Google - 3/2013

    American Banker Recognizes Community Trust Bancorp, Inc.'s Jean ...

    seekingalpha.com

    seekingalpha.com/.../4314131-american-banker-recognizes-community-trust- bancorp-inc-s-jean-r-hale-as-one-of-the-25-most-powerful-women-in- ...

     American Banker Recognizes Community Trust Bancorp, Inc.'s Jean ...

    Oct 2, 2012 ... The tenth annual ranking is published online at AmericanBanker.com/women-in- banking and is featured in the October 2012 issue of American ...

    seekingalpha.com

    seekingalpha.com/.../4314131-american-banker-recognizes-community-trust- bancorp-inc-s-jean-r-hale-as-one-of-the-25-most-powerful-women-in- ...

    clipped from Google - 3/2013

    Mark Grescovich, CEO of Banner Corporation, a Keynote Speaker at ...

    seekingalpha.com

    seekingalpha.com/.../5854751-mark-grescovich-ceo-of-banner-corporation-a -keynote-speaker-at-american-banker-s-18th-annual-best-practices-in-retail...

     Mark Grescovich, CEO of Banner Corporation, a Keynote Speaker at ...

    Mar 6, 2013 ... Mark Grescovich, CEO of Banner Corporation, a Keynote Speaker at American Banker's 18th Annual Best Practices in Retail Financial Services ...

    seekingalpha.com

    seekingalpha.com/.../5854751-mark-grescovich-ceo-of-banner-corporation-a -keynote-speaker-at-american-banker-s-18th-annual-best-practices-in-retail...

    clipped from Google - 3/2013

    Genpact Named a Top Financial Technology Provider by American ...

    seekingalpha.com

    seekingalpha.com/.../4661371-genpact-named-a-top-financial-technology- provider-by-american-banker-bank-technology-news-and-idc-financial- ...

     Genpact Named a Top Financial Technology Provider by American ...

    Nov 5, 2012... the Top 25 Companies in the FinTech 100, a special report from American Banker, Bank Technology News and IDC Financial Insights.

    seekingalpha.com

    seekingalpha.com/.../4661371-genpact-named-a-top-financial-technology- provider-by-american-banker-bank-technology-news-and-idc-financial- ...

    clipped from Google - 3/2013

    The Three Riskiest Banks - American Banker - Seeking Alpha

    seekingalpha.com

    seekingalpha.com/article/122309-the-three-riskiest-banks-american-banker

    The Three Riskiest Banks - American Banker - Seeking Alpha

    Feb 24, 2009 ... capital-tce Nice chart from American Banker comparing various U.S. banks' tangible common equity capital ratio (a highly conservative ...

    seekingalpha.com

    seekingalpha.com/article/122309-the-three-riskiest-banks-american-banker

    clipped from Google - 3/2013

    Virtusa Named to 2012 FinTech 100 List by American Banker, Bank ...

    seekingalpha.com

    seekingalpha.com/.../4479121-virtusa-named-to-2012-fintech-100-list-by- american-banker-bank-technology-news-and-idc-financial-insights

     Virtusa Named to 2012 FinTech 100 List by American Banker, Bank ...

    Virtusa Named to 2012 FinTech 100 List by American Banker, Bank Technology News and IDC Financial Insights. Thu October 18, 2012 9:00 AM | about: VRTU ...

    seekingalpha.com

    seekingalpha.com/.../4479121-virtusa-named-to-2012-fintech-100-list-by- american-banker-bank-technology-news-and-idc-financial-insights

    clipped from Google - 3/2013

    On Force-Placed Homeowners Insurance and Its Effect on Investors ...

    seekingalpha.com

    seekingalpha.com/.../236838-on-force-placed-homeowners-insurance-and-its -effect-on-investors

     On Force-Placed Homeowners Insurance and Its Effect on Investors ...

    Nov 15, 2010 ... I've had a number of people ask me about the American Banker article on ... American Banker magazine is alleging "kickbacks" to banks that ...

    seekingalpha.com

    seekingalpha.com/.../236838-on-force-placed-homeowners-insurance-and-its -effect-on-investors

    clipped from Google - 3/2013

    U.S. Bancorp Women among "Most Powerful" by American Banker ...

    seekingalpha.com

    seekingalpha.com/.../4293281-u-s-bancorp-women-among-most-powerful- by-american-banker-magazine

     U.S. Bancorp Women among "Most Powerful" by American Banker ...

    Oct 1, 2012 ... MINNEAPOLIS--(BUSINESS WIRE)-- American Banker magazine has honored U.S. Bancorp (NYSE:USB) women in the magazines Most Powerful ...

    seekingalpha.com

    seekingalpha.com/.../4293281-u-s-bancorp-women-among-most-powerful- by-american-banker-magazine

    clipped from Google - 3/2013

    Christman Appointed Chair of American Bankers Association's ...

    seekingalpha.com

    seekingalpha.com/.../5077891-christman-appointed-chair-of-american- bankers-associations-government-relations-council

     Christman Appointed Chair of American Bankers Association's ...

    Dec 13, 2012 ... DES MOINES, Iowa--(BUSINESS WIRE)-- Barrie G. Christman, chair of Principal Bank, has been elected to serve as chair of the American ...

    seekingalpha.com

    seekingalpha.com/.../5077891-christman-appointed-chair-of-american- bankers-associations-government-relations-council

    clipped from Google - 3/2013

    EagleBank Chairman, President & CEO Ronald D. Paul Named ...

    seekingalpha.com

    seekingalpha.com/.../4934181-eaglebank-chairman-president-ceo-ronald-d- paul-named-2012-community-banker-of-the-year

     EagleBank Chairman, President & CEO Ronald D. Paul Named ...

    Nov 29, 2012 ... American Banker describes Paul as "a nimble strategist, an able ambassador, and a turnaround artist who parlayed an impressive rescue into ...

    seekingalpha.com

    seekingalpha.com/.../4934181-eaglebank-chairman-president-ceo-ronald-d- paul-named-2012-community-banker-of-the-year

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: In light of communications with the Washington State Auditors Office and the Washinton State Division of Banking and its Department of Financial Institutions, and pending talks with the FDIC, Federal Home Loan Bank of Seattle, the Office of the Comptroller of the Currency, and the San Francisco Federal Reserve Bank Staff and Executives, and the recent banking taxes being levied bv various soveriegn nations around the planet, and pending talks with the Washinton State Governor Inslee concerning the formation of Pen Bancorp to acquire 3 banks in Washington, there is a request pending to cease trading in Banner Corporation stock until further notice from the Infinite Freedom Foundations of America.

    Mar 19 6:52 PM | Link | Comment!
  • International Bank Activities Reform Commission Completes Five Year Study Of Banking In Washington State

    The Washington State Division of Banks licenses and regulates banks in and approves mergers and acquisitions.

    An Independent Study of the Washington State Banking Industry is available from the Washington State Chapter of the International Bank Activities Reform Commission for $50,000.00. For a full copy of the report via electronic means make your donation payable to the Infinite Freedom Foundation of King County.

    The five year research results are summarized in a presentation to be made to the Governor of Washington State Jay Inslee, the Washington State Attorney General, the Department of Financial Institutions and to be added as background information to a series of mortgage fraud lawsuits.

    The research indicates which banks in the State will be subjected into a forced involuntary bankruptcy if zero interest mortgages are not licensed to any given bank in the State by the Infinite Freedom Foundations.

    A copy of the report will be filed with the Federal and State Securities Regulators and made available to journalists at or through Gorkana.com.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: The International Bank Activities Reform Commission is sponsored by the Infinite Freedom Foundations of Budapest, Hungary.

    Mar 13 11:08 PM | Link | Comment!
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