Tangshan Bank 1 is the only local joint-stock bank with independent legal personality in Tangshan City. It was established in June 1998 and is headquartered at No. 66 Xinhua West Road, Tangshan City. It currently has 30 branches (departments). There are more than 1,000 employees. As of the end of June 2011, the bank's total assets were 19.515 billion yuan, the balance of various deposits was 18.226 billion yuan, the loan balance was 7.952 billion yuan, and the profit was 120 million yuan, a record high.