The Indian Panorama

Tag: Chirag Patel

  • AMERICAN BANK OPENING NEW LOCATION IN FRICSO

    AMERICAN BANK OPENING NEW LOCATION IN FRICSO

    DALLAS (TIP): American Bank of Dallas continues to expand with the opening of a new branch in Frisco on Monday, August 7. This becomes the bank’s third location, joining the main office on West Northwest Highway in Dallas and its branch in Irving’s Valley Ranch Neighborhood.

    “Since being acquired by Bright Force Holding in 2019, we have grown from $55 million in assets to more than $400 million in assets by focusing on ‘boutique banking’ that delivers personalized service and innovative solutions for both business and consumer customers,” said Jeff Weaver, President and CEO of American Bank.

    Chairman of the Board Chirag “Chuck” Patel added, “As one of the country’s fastest-growing community banks, it’s very appropriate for American Bank to now bring our convenient and competitive style of banking to Frisco, one of the country’s fastest-growing communities.” To celebrate its new branch location, American Bank is offering a special “grand opening” interest rate of 6% APY on new six-month Certificates of Deposit (CDs) opened at any of its locations during the month of August. “Many people feel disconnected with the routine impersonal service they receive at large banks, so we’ve changed that by creating a community bank that’s big on service — where customers are known by their names, not their account number,” explained Weaver.

    Located at 3382 Preston Road in Frisco, the new branch will be managed by Stephanie San Miguel, who has almost 25 years of banking experience in management positions with community banks as well as regional and national banking institutions. “We’re locally-owned and managed, which allows us to make faster loan decisions, avoiding the rigid policies and delays typically associated with larger banks,” explained Chairman Patel. “That’s very important for small business owners who need to move at the speed of business rather than the speed of bureaucracy.” American Bank offers a full range of commercial and consumer services, including SBA and commercial real estate loans, auto loans, business financing, as well as business and personal deposit account options. The bank was established in May of 1974 as Pan American National Bank of Dallas, changing its name to American Bank in May of 1987. It was acquired in March of 2019 by Bright Force Holding, an investment group based in the Dallas suburb of Grapevine that consists of six prominent Asian American business leaders – Chirag Patel, Daxesh Patel, Mehul Patel, Mital Patel, Sanjay Patel, and Yogi Patel.

    These six investors are partners in NewcrestImage, a privately-held investment firm that currently owns an extensive portfolio of diversified real estate and alternate assets, including approximately 70 hotels across 26 states. American Bank is a member of the Federal Deposit Insurance Corporation (FDIC). For more information, visit www.abdallas.bank

  • RITESH SHAH CHARITABLE PHARMACY HOSTS FOUNDERS’ GALA

    RITESH SHAH CHARITABLE PHARMACY HOSTS FOUNDERS’ GALA

    Aryan, Padmasana & Deepa – dance performers
    NJ State Assemblyman Raj Mukherji from NJ Leg. District 18 & keynote speaker at the gala.
    NJ State Assemblyman Raj Mukherji from NJ Leg. District 18 & keynote speaker at the gala.
    NJ State Senator Vin Gopal from NJ Leg. District 11
    A View of the gathering (Photos : courtesy Chirag Patel – Universal Photography)

    ABERDEEN, N.J. (TIP): Over 200 guests gathered Sunday, June 26 at Addison Park for the first annual gala supporting New Jersey’s first charitable pharmacy – Ritesh Shah Charitable Pharmacy. With partners from across the public policy, business, social service, health care, and pharmaceutical sectors, the Founders’ Gala raised over $150,000 for the organization that opened its doors to the public in April. “I would like to thank each of our supporters for making the health of our community a priority,” said Founder and Trustee Ritesh Shah. “Together, we are making a difference by providing no-cost prescriptions to New Jersey’s most vulnerable population.” The evening began with classical Indian music played on the sitar and drums. Guests proceeded to the main function space, which featured the presentation of proclamations by Marlboro Mayor Jonathan Hornik and State Senators Vin Gopal and Declan O’Scanlon. Traditional Indian dances paying tribute to the Gods of service, healing, and virtue entertained the audience throughout the night. Assemblyperson Raj Mukherji was the evening’s keynote speaker, addressing the audience on the growing racial and ethnic disparities in health and wellbeing.

    He told several stories including how his life could have been changed by the existence of a charitable pharmacy two decades earlier. Mukherji closed out his remarks with a challenge for the audience saying, “Let’s celebrate New Jersey’s first charitable pharmacy and make certain it is not the only.” With the funds raised, the pharmacy will continue providing prescription drugs to patients. The organization places an emphasis on education and availability of prescriptions for diabetes, high blood pressure, and mental health that can have a profound impact on long-term health.