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Chinatown Banker Yungman Lee Challenges U.S. Rep. Nydia Velazquez | The Lo-Down : News from the Lower East Side
A Chinatown community banker is taking on U.S. Rep. Nydia Velazquez in next year's Democratic Primary. Yesterday in a banquet hall alongside the Manhattan Bridge, 63-year-old Yungman Lee announced his candidacy for the 7th Congressional District, which includes sections of the Lower East Side and Chinatown, as well as neighborhoods throughout Queens and Brooklyn. Lee is a a known quantity in Chinatown. Since 2008, he has been president and CEO of Global Bank, an institution at 30 East Broadway. Previously, he was a New York State deputy superintendent of banks and was a member of the New York City Tax Commission in the 1990s. Lee attended Columbia University and NYU Law School. He's worked for large firms as well as independently as a community-based lawyer in Chinatown. In remarks before a large group of supporters, Lee called 12-term Congresswoman Velazquez "tired" and "out of touch." Lee said he believes people are sick of non-productive career politicians. While acknowledging that