First IC Bank held a grand opening ceremony of new Bayside branch(NY) on July 27 at 11:00 pm. Yoo Young-ae, who has 30years experience at Korea Exchange Bank and Shinhan Bank America, has been appointed as the branch manager. The Bayside branch also achieved $ 13 million in deposits within a month since its opening. The simultaneous establishment of two branches in Palisade(NJ) and Bayside(NY) have created an opportunity for First IC Bank to leap from a regional bank in the southeastern region to a “NATIONAL BANK”. In addition, the bank also appointed Cristopher Moon as a regional manager of NE division and he will operate with consideration of the local circumstances. Our CEO, Dong Wook Kim said, "We will do our best to become a bank that grows with the New York and New Jersey Korean communities, and we will provide full-service banking to customer for more convenience with the opening of branches in the eastern part of the US.