ELKINS PARK, Pa., Nov. 21, 2016 /PRNewswire/ -- Noah Bank announced today that the FDIC and the Pennsylvania Department of Banking and Securities officially terminated the Consent Orders under which the Bank has been operating since October 2014. Young Man Kim, Chairman of the Board of Directors, commenting on this positive development, said "We are very pleased that the Bank's primary regulatory agencies have terminated the Consent Orders from October 2014. Although the Bank continues to work diligently to further improve the Bank's performance, this action acknowledges the proactive steps taken to date by the Board, management and employees of the Bank, and the Board's commitment to always strive to improve service to our customers and value to our shareholders." Edward Shin, CEO of the Bank commented, "We are proud to have appropriately addressed the regulatory concerns identified in the Consent Orders. We believe that the hard work of our Board, management and employees that resulted in our regulatory agencies terminating the Consent Orders have further strengthened the Bank and positioned us well for the future." About Noah Bank With its legal headquarters in Elkins Park, PA, Noah Bank is a Pennsylvania-chartered bank that was launched in 2004. At that time, Noah was named "Royal Asian Bank, a Noah Bank", and changed its name to " Noah Bank" in 2011. Operational headquarters are in Fort Lee, New Jersey. Noah Bank provides banking products and services to businesses and consumers primarily in the Asian-American communities of Southeastern Pennsylvania, Northern New Jersey, Manhattan, New York and Flushing, New York. More information is available at www.noahbank.com.