Citibank, N.A., Is A Retail Bank Under The Citi Group. Its Main Predecessor Is City Bank Of New York, Which Was Established On June 27, 1812. After Two Centuries Of Development And Acquisition, It Has Become The Third Largest Bank In The United States By Assets. It Is Also An International Bank With Branches In Nearly 160 Countries And Regions Around The World. Headquartered At 390 Greenwich Street, New York City. The English Abbreviation "N.A." Refers To "National Association", Which Is A Bank Operating Throughout The United States.
According To The FDIC (page Archive Backup, Stored In The Internet Archive), On March 31, 2005, The Total Domestic Deposits Of The 12 US Citibank Banks Controlled By Citi Group Were US $204,351,066,000, And The Total Assets Were US $935,236,982,000 (over US $900 Billion); These Figures Do Not Include Citi Bank's Overseas Institutions.
Citi Bank Was The First American Bank To Establish A Business In China. On May 15, 1902, One Of The Predecessors Of Citi Bank, International Banking Corporation, Opened A Branch In Shanghai, Which Was Also Citi Bank's First Institution In Asia. In The Same Year, International Banking Corporation Opened Four Additional Offices In Singapore And Manila On July 1, Yokohama On October 8, And Hong Kong On December 8. On August 3, 1964, Citi Bank Opened A Branch In Taipei. Citi Bank's Business In Macau Began On May 27, 1983. Only On April 15, 2021, Citi Announced That It Would Expand Its Retail Banking Business In 13 Markets In Australia, Bahrain, Chinese Mainland, India, Indonesia, South Korea, Malaysia, Philippines, Taiwan, Thailand, Vietnam, Poland And Russia. In Addition, On January 12, 2022, Citi Announced That It Would Withdraw From Retail, SME, And Mid-market Banking Operations In Mexico, And On August 11, 2023, It Announced The Closure Of 44 Banks And 66 ATMs Operated By Citi Bank In Taiwan On August 12.
