Press Releases 2014

CTBC BANK PLEDGES MAJOR SUPPORT TO HUNTSMAN CANCER FOUNDATION

Salt Lake City (August 7, 2014) – CTBC Bank (USA) and its parent company CTBC Financial Holdings have donated $200,000 as a global partner to the Huntsman Cancer Foundation, which kicks off its new annual Championship for Cancer Research fundraiser.
The event, which is part of a golf and gala campaign, will be held at Promontory’s Jack Nicklaus-Designed Painted Valley Course in Park City, Utah on August 12 and will benefit cancer research at Huntsman Cancer Institute in Salt Lake City, UT.  Contributions including CTBC’s pledge total more than $1 million for the fundraiser.
“Cancer truly is a global problem,” said Susan Sheehan, Executive Director of Development at Huntsman Cancer Foundation.  “It takes a team of optimistic and innovative researchers, strong and pioneering leadership and dedicated partners to eradicate cancer.  We are so grateful to CTBC for generously supporting the Huntsman Cancer and children and families all over the world.” 
“CTBC Bank is proud to join the Huntsman Cancer Foundation to fight disease by further building its research team and facilities,” said Noor Menai, President & CEO of CTBC Bank (USA) and Head of CTBC North America. “CTBC and our founders have a long tradition of supporting the communities we serve and the foundation’s work is critical for the future of families across the globe.”
The CTBC donation and Huntsman support includes The Primary Children’s and Families’ Cancer Research Center at Huntsman Cancer Institute. The center’s research programs will increase knowledge about cancer genetics, risk, and prevention, advance new drug development, provide state-of-the-art tumor imaging, address survivor needs, and create a biotechnology center. 
In total, partners CTBC, Zions Bank, Layton Construction, Okland Constuction, Deseret Power, VLCM, and Won-Door, along with dozens of other sponsors, will present more than $1 million to cancer research—with a goal through November of $2 million. 

Officials from CTBC attending the August 12th event to present Huntsman Cancer Foundation a check for $200,000 include Thomas KS Chen, Vice Chairman of CTBC Bank Co., Peter Liu, Executive Vice President of CTBC, Noor Menai, and Kenneth Yu, Senior Vice President of CTBC.  

CTBC also supports many other important cultural and educational organizations including Center for Pacific Asian Family, Chrysalis and Operation Hope.

About CTBC Financial Holding Co. Ltd. and CTBC Bank
CTBC Financial Holding Co Ltd. has nine subsidiaries including CTBC Bank, CTBC Securities, CTBC Life Insurance, CTBC Insurance Brokers, CTBC Venture Capital, CTBC Asset Management, CTBC Investments, CTBC Security and Taiwan Lottery. 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 ctbcbankusa.com.

About Huntsman Cancer Foundation
Huntsman Cancer Foundation’s sole purpose is to raise funds to support the mission of Huntsman Cancer Institute (HCI):
to understand cancer from its beginnings, to use that knowledge in the creation and improvement of cancer treatments, to relieve the suffering of cancer patients, and to provide education about cancer risk, prevention, and care.
Huntsman Cancer Foundation is dedicated to ensuring excellence in these endeavors through the development and prudent stewardship of private resources.
All HCI fundraising initiatives happen through Huntsman Cancer Foundation, which is a public, fully integrated, Type 3 501 (c)(3). 

CTBC BANK SUPPORTS RECAPITALIZATION OF PAN AMERICAN BANK

LOS ANGELES, July 22, 2014 — CTBC Bank Corp. (USA) today announced that it has participated with other financial institutions in the $6.3 million recapitalization of Pan American Bank (OTCQB: PAMB).

Pan American Bank, founded in 1964 by former United States Treasurer Romana Bañuelos, is California’s oldest Latino community bank. The Bañuelos Family Trust remains the largest shareholder of Pan American Bank. 

This recapitalization will increase the bank’s shareholders equity and provide needed funds to solidify the bank’s capital structure and support future growth. 

“We believe in Pan American Bank is an essential institution in its community and CTBC Bank (USA) supports its revitalization with this new capital,” said Noor Menai, President & CEO of CTBC Bank (USA). “Pan American has played a key role in the economic ecosystem of Los Angeles and it’s an honor to assist them.”

“As we celebrate our fiftieth year in banking, we are very excited about raising fresh capital and re-launching our bank,” said Mona Bañuelos, trustee of the Bañuelos Trust and a long time director of the bank.  “My mother founded this bank with the dream of providing vital services to our underserved communities. It is heartwarming to see major regional banks coming together to help restore our bank’s financial strength.”

This unique voting and non-voting stock offering was subscribed to by a number of other banks, including Banc of California, National Association, BBCN Bank, Cathay General Bancorp (CATY), Commercial Bank of California, Grandpoint Bank, Hanmi Bank, Heritage Oaks Bancorp (HEOP), HomeStreet Bank, MUFG Union Bank, N.A., Pacific Premier Bank, Pacific Western Bank, Preferred Bank (PFBC), Provident Savings Bank, F.S.B., Western Alliance Bank, and Wilshire Bank.

"We are extremely grateful to our investors who believe in our commitment to our communities, and for the support we have received from the regulators,” said César Rosas, VP of Finance and Investor Relations of Pan American Bank.  “We look forward to getting back to business and continuing to help the Hispanic community with their banking needs.”

“Pan American Bank has been serving its community for fifty years and is a Community Development Financial Institution (CDFI),” said Jan Lynn Owen, Commissioner for the California Department of Business Oversight, Pan American Bank’s regulator.  “This new capital will allow the bank to continue to meet the needs of an important constituent base, and expand the good work of this institution.”

"Pan American Bank, a Community Development Financial Institution, has been committed to serving the Latino community for decades. I am pleased to hear that it has been recapitalized and will continue serving the East L.A. community and the entire region with strong financial products," said U.S. Representative Lucille Roybal-Allard.

"The East L.A. Community has been well served by the oldest Latino Bank.  Pan American Bank understands the importance of investing in our community and developing sophisticated consumers through strong financial literacy programs. The re-capitalization of Pan American Bank is a direct investment in our community that will yield great social, cultural and economic results," said Benjamin Cardenas, President of the East L.A. Residents Association.

Manatt, Phelps & Phillips, LLP advised CTBC Bank (USA) on its investment.

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 .  

BOYDEN’S LEADERSHIP SERIES FEATURES CTBC BANK’S NOOR MENAI

‑ US CEO of Asia’s banking juggernaut reveals insights on bank consolidation, why chief risk officers are the next bank CEOs, and betting big on cultural change

Los Angeles and New York, June 2, 2014 Boyden, a global leader in executive search, today released its latest issue of the Boyden Leadership Series featuring an in-depth interview with Noor Menai, President & CEO of CTBC Bank Corp USA.

In the interview, Mr. Menai discusses industry consolidation, implementing cultural change, the ecosystem of risk, chief risk officers as the next bank CEOs, and why the perceived “smartest people in the room” are often the most dangerous.

“Noor’s vision into the next generation of banking provides important perspective,” said Trina Gordon, President and CEO of Boyden World Corporation. “He offers valuable insight on bridging cultures, and the right combination of leadership that combines both large bank and community bank experience.” 

Menai oversees CTBC Bank’s (formerly Chinatrust Bank) operations including the bank’s Commercial and Industrial and Commercial Real Estate lending groups, as well as 12 branches in California, New Jersey and New York. He also oversees North American operations for the parent bank, CTBC Bank, Taiwan.

Previously, he served as Executive Vice President and North America Regional Head of CTBC. He joined CTBC in January 2011 as the Head of Governance and Retail Banking for the US, Canada, Hong Kong, India, Indonesia, Japan, the Philippines, Singapore, Thailand and Vietnam.

Prior to joining CTBC, Mr. Menai spent three years as Founder and Managing Director of Fajr Capital, a sovereign wealth fund-backed investment fund. He also served previously as President & CEO of Charles Schwab Bank, where he re-launched a deposit platform as the "World's Best Checking" as part of a strategy to sourcing new money from existing brokerage-only customers.

For Citigroup North America, he served nine years in several senior roles, including Senior Vice President, Global Consumer Bank - US Credit Cards Division, Head of Consumer Portals, Head of Branch Profitability Programs, and most recently, Managing Director, Corporate & Investment Bank, with responsibility for sales in emerging markets. Earlier with Citigroup, he had executive responsibility for 1,100 relationship bankers across 18 countries. Prior to Citigroup, he was a Director of Direct Financial Services at Bank of America.

Mr. Menai holds an MBA and a bachelor’s degree in economics, computers and information systems from the University of Rochester.

The full interview with Mr. Menai as well as a sidebar interview entitled “The Local Path to Talent Acquisition” with William Farrell, a Boyden Board Member and Managing Partner in Greater China, are available at www.boyden.com.

Previous issues of Boyden’s Leadership Series include interviews with Frank Holder, Chairman of FTI Consulting in Latin America; Paolo Cornetta, Senior Vice President and Group Head of HR of UniCredit SpA;  Sandy Gould, Senior Vice President of Talent Acquisition and Development of Yahoo; António Mexia, CEO of EDP-Energias de Portgual; Harald Norvik, a Director of ConocoPhillips and former CEO of Statoil; Stephan Winkelmann, President & CEO of Automobili Lamborghini S.p.A.; Luís Mira Amaral, CEO of Banco BIC Português; Jeffrey Housenbold, President and CEO of Shutterfly Inc.; Jaime Rivera, CEO of Bladex; Svein Rennemo, Chairman of Statoil; Kristin Skogen Lund, Executive VP and Group Director of Telenor; Ümran Beba, Region President for Asia Pacific for PepsiCo; David Gergen, Director of Harvard’s Center for Public Leadership and a former presidential advisor; Robert Reich, currently Professor of Public Policy at the University of California at Berkeley and a former US Secretary of Labor; and James E. Lillie, CEO of Jarden Corporation. All are available on Boyden’s website.

About the Series
The Boyden Leadership Series is an ongoing publication that highlights the views of high-profile business leaders on issues relevant to leadership, management and talent acquisition. The series’ editors conduct interviews with heads of corporations and other key organisations across the globe to further growth and the exchange of ideas.

About Boyden World Corporation
Boyden is a global leader in the executive search industry with 70 offices in over 40 countries. Founded in 1946, Boyden specializes in high level executive search, interim management and human capital consulting across a broad spectrum of industries. For further information, visit the firm’s website at www.boyden.com.

CTBC BANK USA’S FRIDA BANK SELECTED AS NOMINEE FOR LA BUSINESS JOURNAL’S WOMEN MAKING A DIFFERENCE AWARD

LOS ANGELES, May 5, 2014 — CTBC Bank Corp. (USA) today proudly announced that Frida Bank, its Executive Vice President and Head of Risk Management, has been selected as a nominee for the “Executive of Year” honor for the Los Angeles Business Journal’s Women Making a Difference Awards.
Announcement of the winners of this year’s Women Making a Difference Awards will be unveiled at a symposium and award luncheon to be held on May 8, 2014 at J.W. Marriott at L.A. Live. Speakers at the event will include Los Angeles Mayor Eric Garcetti; Gwynne Shotwell, President & Chief Operator Officer of SpaceX; and Judy Olian, Dean, UCLA Anderson School of Management.
“In an era when risk management and compliance are paramount, Frida delivers standout execution across CTBC, which is one of the most well capitalized banks in the US,” said Noor Menai, President & CEO of CTBC Bank USA.  “For good reason, Frida is viewed as among the best chief risk officers in the industry.”
"Frida is a terrific candidate for Executive of the Year for LABJ’s Women Making a Difference Award,” said C.C. Tung, Chairman of CTBC Bank USA. “Over her career, she has been appointed to risk and compliance leadership roles few women have held and she sets a great example for future generations of women leaders."
Previous winners of the Executive of the Year for the LABJ’s Women Making a Difference Awards include SpaceX’s Ms. Shotwell and Michelle Kerrick, Managing Partner of Deloitte 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 .  

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)