Orient Bancorp. in San Francisco has a new president and chief executive.

The company said in a press release Monday that David J.M. Tai would also become president and CEO of its $471 million-asset Bank of the Orient.

Tai has worked for 34 years in commercial banking, private investing and international trade. He founded and led MetroBank in Houston, which sold itself earlier this year to East West Bancorp for $273 million in cash and stock.

Tai's "experience in Chinese financial, banking and corporate markets also fills a critical need for Bank of the Orient as we refocus our attention to the significant opportunities ahead of us," Richard S. Cupp, Bank of the Orient's interim CEO, said in the release.

Tai is also the founder and director of the Taiwanese Chamber of Commerce of North America.

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