LOS ANGELES--(BUSINESS WIRE)--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.”
Executives from CTBC Bank hosting the event include C.C. Tung, Chairman, CTBC Bank and President of CTBC Capital Corp.; Noor Menai, President & CEO CTBC Bank; and Brian Constable, Executive VP and Head of Retail Banking Group, CTBC Bank.
“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 US. “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.