Partner Simon Pang Helps Build Asian American Community
Welcome back to Build Your Dream.
As we come to the end of Asian American Native Hawaiian Pacific Islander Month, it seems fitting to visit with Simon Pang, a good friend of mine and a member of the American Lending Center board. Simon has had a long career in Asia-centric banking, and a long resume representing and assisting the community as a member of national, state and local agencies.
Simon is a co-founder and executive vice president of Royal Business Bank. He immigrated from Singapore in late 1989 and has more than 40 years of experience in the banking industry.
He was appointed to the California Commission on Asian and Pacific Islander American Affairs in 2018, and last year was named to the President’s Commission on Asian Americans, Native Hawaiians and Pacific Islanders. He is on the National Governing Board of Asian Pacific Islander American Public Affairs and a number of other boards.
Words From Simon
Simon has lived – and watched — the Asian American experience. Here are a few of his observations.
“ALC as a company with John Shen has been important to the AAPI community’s success,” Simon said. “His help with the EB-5 immigration process is key (ALC has 540 families in the immigration pipeline, with 165 already obtaining conditional permanent residency). I’ve been able to witness the growth of the community nationally, and not many are as successful (as ALC).”
A key to success in America, Simon said, is continued support once immigrants arrive. That is one thing that sets ALC apart.
“We (the bank) through John work to identify areas where we can complement what ALC does,” Simon said. “John goes the extra miles to help… He continues the outreach.”
As the AAPI population grows, Simon said it is key that more people get involved in the larger community.
“With the growing population, we’re seeing a lot of success,” Simon said. “But we as a community need to be more active in participating. The AAPI community as a whole is not active enough in the mainstream. That’s why I appreciate people like Congresswoman Judy Chu and Congressman Ted Lieu.”
Simon says he remains optimistic about the future, particularly for the AAPI community. He is a great example of building a dream, and I’m pleased to call him my friend.
Now, how are you going to Build Your Dream?
About American Lending Center: A Financial Times (FT) Americas’ Fastest Growing Company
American Lending Center (ALC) is a private nonbank lending institution and nationally recognized leader in small business lending. By the end of 2022, ALC has fully financed senior loan products to 83 qualified EB-5 projects in 19 states, contributing to a combined construction and business expansion budget of over 1.2 billion dollars. ALC’s lending practice has successfully created more than 13,000 new jobs nationwide since 2009. In 2022, ALC launched its new rural construction and development fund with capital available for construction of fixed assets of all types in rural areas including manufacturing, energy, infrastructure, hospitality, specialty use, multi-use and other project types.