LOS ANGELES--(BUSINESS WIRE)--CTBC Bank USA, a trusted and established financial institution for commercial and retail customers, will kick off its 30th Anniversary celebration today with its annual Customer Appreciation Event at the Jonathan Club in downtown Los Angeles with top clients and leading community members.
CTBC Bank USA’s anniversary coincides with a record year in growth to $3.6 billion in U.S. assets as well as the bank’s highest year in deposits, profits and mortgages as a total percentage of loans. CTBC is most proud of its success in supporting the communities where its colleagues live, work and conduct business.
“We have been very honored to serve our communities to help grow regional economies, serve immigrant communities and give back for future prosperity of customers and families,” said Morris Li, Chairman of CTBC Bank. “Thirty years ago, our founders had the vision to establish our U.S. subsidiary bank on a foundation of customized banking and financial solutions for families and businesses, grounded in trust and community support. We have been grateful to serve so many impressive customers, companies and entrepreneurs.”
As CTBC Bank USA has grown, so has its commitment to the communities across markets including the following initiatives in recent years:
- An honorary award was bestowed to CTBC Bank USA from USC Rossier School of Education in recognition of the bank’s more than $400,000 in financial support of USC College Advising Corps. The program supports underserved high schools to assist students with college applications and financial aid and has resulted in nearly 40,000 applications, more than 10,000 acceptances and more than $40 million in financial aid awarded.
- CTBC Bank USA participated in the recapitalization of Pan American Bank, a Los Angeles-based Community Development Financial Institution.
- The bank committed $1 million in support to the Huntsman Cancer Institute, including HCI’s Primary Children’s and Families’ Cancer Research Center.
- CTBC Bank USA joined Los Angeles Mayor Eric Garcetti and other elected officials and business leaders on two highly successful trade missions to Asia, focused on strengthening relationships and boosting investment and tourism in L.A.
"Los Angeles is a city of opportunity — a place where businesses put downs roots, find success, and give back to Angelenos," said Mayor Eric Garcetti. "For 30 years, CTBC has worked to build a stronger and more inclusive city, from helping high school students afford college applications to forging global partnerships which have strengthened our economy."
“Through programs like financial literacy training and assistance in applying for loans, CTBC Bank USA for decades has been uplifting and supporting our communities,” said Congresswoman Judy Chu. “There is no better example of that commitment to giving back than their support for community programs such as the USC College Advising Corps, which has helped thousands of vulnerable students apply for and afford college. CTBC’s support benefits our communities and our economy as a whole. I am grateful for the work of companies like CTBC Bank and congratulate them on their U.S. 30th Anniversary.”
Joining the 30th Anniversary kickoff at the Customer Appreciation event today will be Ambassador Abraham Chu of Taiwan’s Economic and Cultural Office; Chairman Li of CTBC Bank; Nick Huang, Deputy CEO of Institutional & Banking of CTBC Bank; Noor Menai, President & CEO of CTBC Bank USA; and Stephen Cheung, President of World Trade Center Los Angeles.
About CTBC Bank Corp. (USA)
CTBC Bank USA is a trusted and established financial institution for commercial and retail customers. Founded in 1989 and 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 more than $140 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.