Press Releases 2013

CTBC BANK CORP. (USA) CELEBRATES NEW US HEADQUARTERS IN LOS ANGELES AND RENAMING

LOS ANGELES, September 26, 2013: CTBC Bank Corp (USA) (formerly Chinatrust Bank (U.S.A.)) hosted a reception yesterday evening to celebrate the grand opening of its new US headquarters in downtown Los Angeles, as well as its recent renaming to bring its U.S. banking operations into global brand alignment to better serve US customers.

The invite-only event included several high-profile speakers and attendees, including Mayor Eric Garcetti, Congresswoman Judy Chu, California State Controller John Chiang, Los Angeles City Attorney Mike Feuer, Los Angeles Controller Ron Galperin, Bruce Linghu, Director-General, Taipei Economic and Cultural Office in Los Angeles, and Carol E. Schatz, President and CEO, Central City Association.

"CTBC Bank moving its headquarters here continues a trend of international investment in the global city of Los Angeles," said Mayor Garcetti. "Their business adds to the revitalization of the downtown L.A. community and will create jobs for Angelenos, spurring on our local economy."

“CTBC Bank is a growing, well-capitalized bank and our new headquarters in LA, as well as our name change is a critical step in our evolution,” said Mr. Menai, CTBC Bank’s President & CEO in the U.S. “Our new headquarters will allow us to better serve Southern California residents and businesses who are looking to realize their financial ambitions by providing them personalized, local service combined with strong global resources and exceptional financial strength.”

“The US headquarters of CTBC Bank, a $67 billion company with global operations that also span the US, will immediately become one of the largest banking operations in the city. It will act as a magnet for other growing companies that want to be positioned here in Los Angeles, the Gateway to Asia,” said CCA’s Ms. Schatz.”

CTBC Bank first opened its doors in the US in 1989 and was one of the first Asian-American banks to operate on the East and West coasts, including New Jersey, New York and Southern and Northern California.

“CTBC Bank’s Los Angeles headquarters brings a new opportunity for local residents and business to access the financial services they need to grow and prosper,” said Congresswoman Chu. I congratulate CTBC Bank on their grand opening and look forward to the great contributions they will make to our community.”

“CTBC Bank is important to individuals, families, and businesses in our communities for the financial services and security it provides,” said State Controller Chiang. “I congratulate CTBC Bank its new growth and the opening of its United States headquarters in downtown Los Angeles.”

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.

CHINATRUST BANK (U.S.A) changes name to CTBC BANK CORP. (USA)

LOS ANGELES, September 9, 2013 — Chinatrust Bank (U.S.A.) today announced it will change its name to CTBC Bank Corp. (USA) (“CTBC Bank”) to bring its U.S. banking operations into global brand alignment and in recognition of its continued expansion of banking customers domestically.

Headquartered in Taiwan, the company’s parent, Chinatrust Commercial Bank was renamed CTBC Bank Co., Ltd. in June 2013, and is a leading global financial institution today with over $67 billion in assets.

CTBC Bank is a growing, well-capitalized bank and changing our name is a critical step in our evolution,” said Noor Menai, CTBC Bank’s President & CEO in the U.S. “Given our high touch customer service, we believe the new name enables a wider view of our depth in the North American market within the context of our global presence.”

Today’s announcement follows several recent new senior hires in Los Angeles for the bank, including Brian Constable, Executive Vice President and Head of Retail Banking, Eddie Kim, Chief Lending Officer; and Frida Bank, Executive Vice President and Head of Risk Management. In June, CTBC Bank relocated its US headquarters from Torrance, California to downtown Los Angeles, providing customers with a more central and accessible location, particularly for corporate and commercial business.

“As we enter a more dynamic period of growth, our customers remain at the heart of each decision we make,” said Mr. Constable. “Our new headquarters, rebranding and name change reflects our continued commitment to providing personalized, local service combined with standout global resources and exceptional financial strength.”

CTBC Bank first opened its doors in the US in 1989 and was one of the first Asian- American banks to operate on the East and West coasts, including New Jersey, New York and Southern and Northern California.

About CTBC Bank

CTBC Bank (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.

Appointment of Kim marks another key step in the bank’s strategic plans to deepen and grow relationships with top clients in US and Asia/Pacific markets

LOS ANGELES, February 26, 2013 — Chinatrust Bank (U.S.A.) has announced that Edward K. Kim has been named Chief Lending Officer to oversee the bank’s Commercial Lending groups.

In his role, Mr. Kim reports to Noor Menai, President & CEO of Chinatrust Bank (U.S.A.). Mr. Kim most recently served as Executive Vice President, Commercial Lending Group at Cathay Bank.

“We are delighted to welcome Eddie to Chinatrust to play an important role to further build a quality and diverse portfolio, and to manage our commercial lending teams,” said Mr. Menai. “Eddie brings us quite a dynamic background in building impressive lending teams in number of key market groups and industry sectors. He is widely recognized as one of the top talents in the region and his appointment is yet another key step in our strategic plans towards expanding our customer base.”

“I’m excited about the opportunity to closely work with Noor Menai and his Chinatrust Bank team to grow an even stronger commercial lending operation,” said Mr. Kim. “Noor’s deep global experience and commitment to excellence, coupled with move of the bank’s headquarters to downtown Los Angeles this summer will provide an amazing platform to build business in the US.”

Prior to Cathay Bank, Mr. Kim served 10 years at U.S. Bank including from 2007-2010 as Executive Vice President and Market President, Los Angeles Commercial Banking Division, where he oversaw a portfolio of $1.4 billion in outstanding loans and deposits of $1.3 billion. As U.S. Bank’s Market President, he headed six commercial offices in Southern California and team of 72 professionals.

Previously, he served 13 years in several positions with Wells Fargo Bank, including Senior Vice President, South Bay Commercial Banking and Regional VP and VP, Loan Team Manager. He began his banking career at Barclays American Business Credit as a Marketing Officer and Auditor.

Mr. Kim holds a Bachelor’s degree in economics from University of California, Los Angeles.

In December 2012, as part of the bank’s new strategic plans, the board of directors of Chinatrust Bank (U.S.A.) announced Mr. Menai as its new President & CEO. As part of Mr. Menai’s new role, he has continued to oversee the North American operations for the parent bank, Chinatrust Commercial Bank.

About Chinatrust Commercial Bank

Chinatrust Commercial Bank (CTCB) is one of the 200 biggest banks in the world in terms of capital and the largest privately held banking institution in Taiwan. Established in 1966, CTCB’s has 147 branches within Taiwan and 67 outlets in the US, Canada, Japan, India, Indonesia, the Philippines, Thailand, Vietnam, Hong Kong, Singapore and China. The bank’s operations include deposits, loans, guarantees, foreign exchange, offshore banking units (OBU), trusts, credit cards, cash cards, securities, bonds, futures, derivative financial products, factoring, safe deposit boxes, electronic banking services, and the national lottery.

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)