Press Releases 2014

RISE FINANCIAL PATHWAYS ELECTS CTBC BANK USA’S NOOR MENAI AS BOARD MEMBER

LOS ANGELES, April 3, 2014 — RISE Financial Pathways, a Los Angeles microfinance organization, has appointed Noor Menai, President & CEO of CTBC Bank Corp. (USA), to serve on its board.
RISE (Reach. Invest. Succeed. Earn.) Financial Pathways, formerly known as Community Financial Resource Center (CFRC) is a non-profit Community Development Financial Institution (CDFI) offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners in South Los Angeles and across Los Angeles County.
RISE Financial Pathways is thrilled to have Noor to be the latest community leader to be appointed to our board of directors,” said Forescee Hogan Rowles, CEO of RISE. “The partnership and leadership of downtown LA’s newest global banking partner helps our organization increase its capacity for assisting more small businesses and entrepreneurs in South Los Angeles to achieve their dreams.”
"I am pleased to welcome Noor to the RISE Financial Pathways Board of Directors,” said Michael A. Costa, Chairman of RISE’s of Board of Directors. “We look forward to his leadership and global perspective as we expand the reach of our community based services in South Los Angeles and beyond."
Other RISE board members include Kim Bingham, Executive Vice President & Chief Credit Officer, Cathay Bank; Donovan Green, Director, External Affairs, AT&T; Dulany Hill, CEO of Dumoney.com; Keith A. Drake, Vice President, Principal Relationship Manager, Wells Fargo Bank; Tony Lee, President of Dickerson Employee Benefits; Byron Reed, Senior Vice President and Director of Community Development, Wells Fargo Bank; Mark Smith, Senior Vice President, Private Banking, Bank of the West; David Terrell, Region Manager, Southern California and Southwest, US Bancorp Investments; and Nancy Huntington, First Vice President, Manufacturers Bank (Ex-Officio.)

About CTBC Bank Corp. (USA)
CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses.  Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank.  Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com .  

About RISE Financial Pathways
RISE (Reach. Invest. Succeed. Earn.) Financial Pathways, formerly known as Community Financial Resource Center (CFRC) is a non-profit Community Development Financial Institution (CDFI) offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners in South L.A. and across L.A. County. The organization provides commercial lending opportunities- including micro loans, peer lending, and small business loans – along with business training, asset development programs, and banking programs. CFRC has served nearly 100,000 low income clients since its inception in 1992. Its programs have resulted in nearly $14 million in economic activity and the retention and creation of thousands of jobs. The transformative power of CFRC’s services – combined with its clients’ enterprise and hard work – improves the financial standing of individuals, launches and sustains small businesses, and generates economic activity that strengthens entire neighborhoods.

CTBC BANK CORP. (USA) APPOINTS PARHAM MEDHAT AS HEAD OF OPERATIONS

LOS ANGELES, February 26, 2014 — CTBC Bank Corp (USA) announced today that Parham Medhat has been named Executive Vice President & Head of Operations. He will report to Noor Menai, President & CEO of CTBC Bank (USA).

In his role, Mr. Medhat will be responsible for all aspects of bank operations including core systems, online banking, mobile banking, quality assurance, retail banking operations, loan servicing, international banking, wires, treasury operations, information security, internet banking, policy and procedures.

"Parham is a strong addition to our CTBC senior management team as we prepare for increased commercial and consumer banking activity," said Mr. Menai. "He has the reputation and right experience to build our operational platform for scaled growth in the US market."

“Parham is a proven business unit leader and he’ll be a great partner to build our technology and back office operations,” said Brian Constable, Executive Vice President and Head of Retail Banking Group. “As we grow our new products and services, he’ll ensure we also include faster turnaround and efficiency as part of our expanded customer offerings.”

Previously, Mr. Medhat served as Senior Vice President and Director of Bank operations of Opus Bank, where he led the expansion of operational architecture and grew its infrastructure to support an increase of more than 50 retail offices and eight new banking divisions. Earlier in his career, he served in retail systems management roles for CapitalSource Bank.

Mr. Medhat holds a bachelor’s degree in psychology from California State University, Long Beach and a master’s degree in education from California State University, Dominguez Hills.

About CTBC Bank Corp. (USA)

CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com .

CTBC BANK CORP. (USA) CEO ADDRESSES BUSINESS LEADERS AT LA ECONOMIC FORECAST

LOS ANGELES, January 31, 2014: Noor Menai, President & CEO of CTBC Bank Corp (USA), addressed business leaders today on the positive outlook for small business growth in the Los Angeles area. Mr. Menai’s remarks were part of a panel event hosted by the Los Angeles Business Journal and the San Fernando Valley Business Journal held at the Omni Hotel in Los Angeles.

“On the business banking side, there is huge amount of entrepreneurship that’s now being invested,” said Mr. Menai. “With Los Angeles’ tradition for idea generation, investment is coming back into the region organically and from Asia/Pacific, Europe and the Middle East. While there are still pockets of uncertainty, the stronger job market and improved commercial and residential real estate markets have also played a role in more confidence in investment.”

Highlights of Mr. Menai’s remarks at the economic forecast also include:

· Los Angeles Revival: “Our access to a bigger concentration owners and investors was a key reason why we moved our US headquarters to Downtown LA”.

· Small Business Lending: “Small business lending is increasingly becoming a bigger part of our portfolio because smaller entities have distinct advantages in the marketplace. Often smaller companies are more responsive to the needs of the marketplace compared to bigger companies”.

· Access to Capital: CTBC is amongst the most well capitalized banks in the US – we can dedicate more resources to small businesses – and we are being more aggressive. We see a lot of opportunity to work with segments of the market that have been underserved in Los Angeles”.

The panel was moderated by Matthew Toledo, CEO and Publisher of the Los Angeles Business Journal. Other speakers on the breakfast panel included Tim C. Bruinsma, Partner of Norton Rose Fulbright; Jim Kruse, Senior Managing Director, Investor Services, CBRE; John K. Paglia, Ph.D., Associate Dean and Associate Professor of Finance at Pepperdine University Graziado School of Business and Management; Craig Smith, President and CEO of Goodwill Southern California; and George C. Stanfield, Executive Vice President, Southern California Division, Bank of the West.

About CTBC Bank Corp. (USA)

CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com .

Media Contacts:

  • Dan Margolis, dan.margolis@fticonsulting.com +1 (213) 452-6472 (English/Spanish language media)
  • Monica Wong, monica.wong@ctbcbankusa.com +1 (310) 791-2828, ext. 4534 (Chinese language media)