Immediate Release

July 8, 2011

Far East National Bank Investments in Emerging Markets and Technologies Contribute to Successful IPOs

Los Angeles, CA – July 8, 2011 – Far East National Bank (FENB) announced that its investments in emerging technology companies has scored another major milestone with the successful initial public offering of Pandora Media, Inc. FENB’s longstanding support of California-based enterprises also included the highly visible IPO of Tesla Motors in 2010.

Pandora Media, Inc. recently announced the pricing of its initial public offering of approximately 14.7 million shares priced at $16.00 per share on June 15, 2011. Pandora is the leader in internet radio in the U.S., with over 50% of the internet radio market share and over 90 million registered users as of April 2011. Using the Music Genome Project and algorithmic playlist technology, Pandora distributes its free personalized service through various channels including PCs, smartphones, and integrated automotive sound systems.

A pioneer in electric vehicle technology, Tesla Motors manufactures high-performance fully electric vehicles and advanced electric vehicle powertrain components. Its mission is to increase the number and variety of affordable electric vehicles to consumers. There are currently 1,500 Roadsters in 31 countries and North American production of the Model S sedan is slated to begin in 2012. The initial public offering on Jun 29, 2010 of 13.3 million shares was priced at $17 per share. On June 2, 2011, Tesla Motors announced a follow-on offering of 5.3 million shares priced at $28.76 per share.

Far East National Bank is committed to investing in and supporting companies that focus on emerging technologies and markets and offer valuable products and services to consumers.

Headquartered in Los Angeles, Far East National Bank has 10 branches throughout California, an overseas branch in Vietnam, and a representative office in Beijing, China. As a subsidiary of Bank SinoPac and SinoPac Holdings (Taiwan), FENB offers customers seamless access to an extensive network of financial resources in the U.S., Taiwan, China, Hong Kong, Macau, and Vietnam. Our parent company has total assets exceeding $35 billion and serves over 2.5 million customers in Asia and North America from more than 200 service locations.

Far East National Bank Contact:
Joyce Wong
(213) 687-1267