The panel will discuss why the film was made, how Abacus is doing since the jury’s vindication of the bank, and the bank’s role in the New York City Chinatown community. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. Abacus Bank will NEVER request through email, text, or unsolicited phone call your bank card number, account number, Social Security number, Personal Identification number (PIN) or password. Abacus Bank also was not an institution that required financial assistance from the government in the wake of the burst of the housing bubble. Abacus: Small Enough to Jail tells the incredible saga of the Chinese immigrant Sung family, owners of Abacus Federal Savings of Chinatown, New York. Abacus Federal Savings Bank (Abacus Bank or Abacus), a family-run community bank based in NYCs Chinatown catering primarily to Chinese immigrants, was not amongst these failed institutions. Phone: 21: Type: Main Office: Servicing Feds Main Office : 021001208, Status: Active: Change Date: : Fedwire Routing. The status, location, and other information of the Abacus Federal Savings Bank routing number are listed. Come discover the many layers of Chinatown through self-guided walking tours of historic architecture & new neighborhood murals, a Tai Chi class at the park, and a block party of Chinese vinyl classics. Reception at 5:30 PM Screening at 6:30 PM followed by Q&A. Abacus Federal Savings Bank has a total of 1 routing number. It's the only bank to be indicted in connection to the 2008 crisis. Arts Hop with ThinkChinatown For Meet Us In Chinatown with ABNY: June 17th 4-8pm. In 2012, Abacus Federal Savings Bank was indicted on charges of fraud in relation to hundreds of millions of dollars' worth of mortgages that had been sold to Fannie Mae from 2005 to 2010. HERE GROWS NEW YORK The first data visualization to show NYC's urban growth from 1609 to 2020 View on Wikipedia MANHATTAN IN TEN DAYS Walking and painting in vibrant New York City VISIONS OF GOTHIC ARCHITECTURE Three time-lapse construction sequences show the centuries-long building process at: 1. But that wasn't the case for a small, family-owned bank tucked inside Chinatown in New York City. bank to face criminal charges in the wake of the 2008 financial crisis. The screening will be followed by a Q&A session featuring four panelists from the film: Jill Sung, CEO of Abacus Bank, Vera Sung, Chantrelle Sung, and Abacus attorney, Kevin Puvalowski.įollowing the 2008 mortgage crisis, which led to a $700 billion government bailout, the biggest financial institutions in the country were given a light tap on the wrist in fines and penalties. The movie chronicles the saga and five-year legal battle of The Sung Family, owners of Abacus Federal Savings of Chinatown, New York- which was accused of mortgage fraud by Manhattan District Attorney Cyrus R. Please join us for a free, public screening of the PBS documentary, Abacus: Small Enough To Jail.
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