New Bank opens in Annandale
PromiseOne Bank opened this month at 7410A Little River Turnpike. It’s in a space formerly occupied by the Bank of Hope, between Miso Café and Synergy Cabinets.
PromiseOne offers standard personal and business banking services. A “Happy Checking” account has no monthly fees or minimum balance requirement. “Golden Senior Now Checking” for those 55+ has no minimum deposit, minimum balance, or transaction fees.
PromiseOne Bank, headquartered in Duluth, Ga., focuses on Asian-American communities. It was founded in 2008 as NOA Bank and changed its name to PromiseOne in 2019. The company is led by CEO and President Sean Dongjun Kim, a former executive at the Bank of Hope.
The Annandale branch is the second one in Virginia along with a branch that also opened this month in Centreville.
PromiseOne Bank has six locations in Georgia, one in Houston, and one in New York City.
Related story: Chase Bank to open in Annandale
The New bank was actually a merger of the smaller Bank of Hope with the slightly larger West coast based PromiseOne which is expanding into the East Coast with the acquisition of Bank of Hope.
Creates a small regional bank serving the Asian community with a larger reach.
They also have pretty good promotional rates on their CD’s right now.