Category Archives: business

First Vietnamese-American Bank in deep trouble

Posted on October 29, 2010 by Bolsavik

A community bank in Little Saigon, already on the brinks in its finances, received what’s considered a most serious notice from the FDIC, short of a takeover and shutdown. The “prompt corrective action” notice was served by the FDIC to … Continue reading →

Posted in business | Tagged , | 3 Comments

Little Saigon bank being sold to Philippines brothers

Posted on August 12, 2010 by Bolsavik

One of only two community banks serving Little Saigon is being sold to a family-owned Philippines company, which will become effective upon approval by the FDIC, according to the OC Business Journal here. The buyers are Charles and Michael Lhuillier, … Continue reading →

Posted in business | Tagged | 2 Comments

5 OC Viets arrested in prostitution bust

Posted on July 4, 2010 by Bolsavik

A prostitution den masquerading as a day spa was busted by Buena Park police last week, when they arrested five people – 1 male, 4 females. The business, located at 6971 Lincoln #E, is reported by ABC-7 and the OC … Continue reading →

Posted in business, crime | Tagged | 9 Comments

Police called to raucous Viet church meeting in Biloxi

Posted on May 18, 2010 by Bolsavik

The church, built on contributions by Vietnamese parishioners, survived Katrina. But now it appears the church may not survive the third pastor in its history. Concern by the faithful over what happened to more than half a million dollars in … Continue reading →

Posted in business, Strange stuff | Tagged , | 6 Comments

Little Saigon’s community banks in financial trouble

Posted on March 8, 2010 by Bolsavik

Both of Little Saigon’s community banks are under financial stress, as a key indicator for both of them exceed the likely-to-fail mark, according to the OC Business Journal here. Both First Vietnamese-American Bank and Saigon National Bank have distressingly high … Continue reading →

Posted in business | Tagged | 5 Comments

Viet doctor hit with $16 million verdict

Posted on February 4, 2010 by Bolsavik

A Vietnamese-American neurosurgeon who failed to examine an emergency room patient until the next day was hit by a Riverside County jury with a $16.2 million medical malpractice verdict for leaving the man a paraplegic, reports The Desert Sun here. … Continue reading →

Posted in business, litigation | Tagged , | 6 Comments

A funny thing happened on the way to $350,000

Posted on January 13, 2010 by Bolsavik

The Orange County Board of Supervisors generously voted 4-1 in favor of a monument near Little Saigon to feature American and Vietnamese history, but the small Viet nonprofit that received the six-figure grant wasn’t exactly clear on what to do … Continue reading →

Posted in business | Tagged , , | 105 Comments

‘Nguyen’ building coming to George Mason University

Posted on November 12, 2009 by Bolsavik

The largest academic building on George Mason University’s Fairfax campus will carry the name “Long and Kimmy Nguyen Engineering Building,” after the businessman and his wife, who donated $5 million to the university, the Washington Business Journal reports here. Dr. … Continue reading →

Posted in business, education, successful Viets | Tagged , | 14 Comments