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Catch up on our latest news and updates on various products and initiatives

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2020

CTBC Bank USA CEO Noor Menai to to Speak at the FT Global Banking Summit

Leading international banker to discuss innovation, fintech and the priorities of regulators

CTBC Bank USA announced today that its President & CEO Noor Menai will speak at the FT Global Banking Summit on December 3, 2020. The digital conference, held December 1-3, will focus on “Rebuilding, Redefining and Repositioning for Growth.”

Mr. Menai will join the “Investing in Innovation - Assessing Bank-Fintech Partnerships” panel, covering how agile start-ups and digitally-savvy challengers have been gradually eroding the banking value chain for some time, and their critical role as the world turns digital amid the crisis. The speakers will explore how banks are developing partner and fintech engagement models to merge their years of experience with new innovations coming on stream, the industry success stories to be replicated and the role of regulators in these partnerships.

The innovation panel will be moderated by Joy Macknight, Managing Editor of The Banker. Additional panelists will include Kristal Au-Young, Senior Vice President, Analytics and Innovation, Scotiabank and Benoît Legrand, Chief Innovation Officer, ING.

The landmark conference will provide an unrivaled platform for dialogue between banking and finance leaders, incumbents and challengers, regulatory organizations and technology partners to evaluate the industry’s response to the crisis, and to develop key plans and priorities for 2021 and beyond. Speakers will include notable figures from the finance world, senior banking executives, national and international regulators and eminent thought leaders. Confirmed presenters will include:

  • Kristalina Georgieva, Managing Director, International Monetary Fund
  • Randal Quarles, Vice Chairman for Supervision, Federal Reserve System
  • Nigel Higgins, Chairman, Barclays plc
  • Axel Weber, Chairman of the Board of Directors, UBS Group AG
  • Mark Mason, Chief Financial Officer, Citi
  • Ade Ayeyemi, Group Chief Executive, Ecobank
  • Martin Gilbert, Chairman, Revolut
  • Bettina Orlopp, Chief Financial Officer, Commerzbank
  • The event and interviews will be moderated by senior editors from the Financial Times Group.

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 $180 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 USA CEO Noor Menai to Keynote at LAEDC’S Annual Economic Forecast

Noor Menai, President & CEO of CTBC Bank USA will deliver one of the keynote addresses at this morning’s Los Angeles County Economic Development Corporation (LAEDC) Annual Economic Forecast.

This year’s event, to be held at the Sheraton Grand in downtown Los Angeles, will be themed “Expanding the LA Dream to More Communities and Residents.” Frank Mottek, Anchor of KNX Newsradio and the business show “Mottek on Money,” will emcee the event.

Menai’s remarks will focus on how international trade and foreign investment remain critical for California’s economy, in addition highlight the importance of better education and training opportunities for future generations in Los Angeles.

“It’s an honor to offer CTBC Bank’s perspective at Southern California’s most prestigious economic forecast event,” said Menai. “Despite the many developments that have impacted the global economy in the past year, it remains clear that California continues to draw investor attention from the rest of the world and will have an outsized impact on both the U.S. and global economies.”

Additionally, LAEDC’s economic forecast will examine the pronounced effects of global, national and regional challenges as well as how new trends, policy developments and actionable insights guide economic decisions and build economic activity.

Other keynote and panel speakers at the event will include:

  • Bill Allen, CEO of LAEDC
  • Stephen Cheung, President, World Trade Center LA and Executive VP of LAEDC
  • Shannon Sedgwick, Director, Institute for Applied Economics LAEDC
  • Alexander Casey, Senior Policy Advisor, Zillow
  • Chris Slevin, Vice President, Economic Innovation Group

The event is open to the media and interested parties can register online.

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.

2019

Los Angeles and California's Prime Economic Position Highlighted at CTBC Bank Annual Event

LOS ANGELES, December 10, 2019

leadership of CTBC Bank USA and Stephen Cheung, President of World Trade Center Los Angeles (WTCLA), emphasized the strong outlook for business opportunity in Greater Los Angeles and California, at CTBC Bank’s annual year-end event yesterday.

CTBC Bank’s signature Customer Appreciation Luncheon, which invites top clients and leading community members, was held at the Jonathan Club in Los Angeles as a kickoff of the bank’s 30th Anniversary, which recognized record financial results and achievements in community support.

“We have been honored to serve our neighborhoods, stimulate growth in our regional economies, serve immigrant communities and give back for the future prosperity of customers and families,” said Morris Li, Chairman of CTBC Bank.

“Despite trade disputes and other hurdles, we’ve been very successful working with business leaders, partners and regional officials to find solutions for our customers,” added Noor Menai, President & CEO of CTBC Bank USA. “While we all face what seems to be a ‘perfect storm’ of business and policy challenges that are difficult to predict, Los Angeles and California are blessed with better economic and diversity advantages than almost anywhere in the world.”

Highlight remarks from WTCLA’s Cheung’s keynote address on the unique advantages of “Investing in California,” compared to other major global markets, included:

  • “With all the market turmoil, when international investors look for a stable location for investments, they are going to continue to find California, Los Angeles and San Francisco will remain among the most stable and opportunistic on earth,” in the context of ongoing challenges with Brexit, U.S./China trade disputes, Japan’s ongoing lack of growth and uncertainty in Hong Kong and Latin America, he added.
  • “International trade remains critical for our U.S. and Asian Pacific economies. Trade is especially critical for our California economy. In the Los Angeles Customs District alone accounts for $430 billion of international trade, with 43% of all incoming U.S. cargo by sea. Each daily nonstop direct flight that comes into Los Angeles equates to over $1 billion economic activities per year, per flight.”
  • “People talk about are more ‘nationalistic’ approach and protecting America first, but Los Angeles and California see it differently. We are not only different, we’re represented by different people, including 224 languages spoken in Los Angeles County. That’s what has made this region so able to withstand the volatilities because of the all the diverse connections we have.”

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.

CTBC Bank USA Celebrates 30th Anniversary with Record Year

LOS ANGELES, December 9, 2019

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.

CTBC Bank Cop. Moves into Global Top 150 in the Banker's Rankings

Milestone for Taiwanese-based bank; solidifies CTBC Bank USA’s strength among largest U.S. banks

CTBC Bank USA, a trusted and established financial institution for commercial and retail customers, is proud to announce that its parent company CTBC Bank Co. is now ranked among the top 150 banks globally by The Banker, a publication owned and edited by The Financial Times. CTBC Bank Co.’s ascent marks the first time a Taiwanese-based bank has broken into the top 150 institutions on this list.

CTBC Bank Co. has topped the list of Taiwanese banks for three consecutive years, moving from a ranking of 151 last year to 148 on the 2019 list. The Banker’s “Top 1,000 World Banks” ranking sets the industry benchmark, providing comprehensive intelligence about the banking sector globally.

“CTBC Bank USA’s global resources and reach, combined with our parent bank’s strong foundation further empowers us as a competitive force in U.S. banking, particularly with customers with large interests across Asia-Pacific and global,” said Noor Menai, President and CEO of CTBC Bank USA. “Over several decades, CTBC Bank Co.’s global footprint and deep roots in Asia have enabled our US presence to grow into a robust, yet nimble business that can provide the innovative solutions our clients are looking for in a commercial and retail bank.”

This year, CTBC Bank Co.’s tier-1 capital reached US$9.752 billion, marking an increase of more than US$159 million from last year. It has branches and offices offering first class banking services in 14 countries, including 11 in Asia. The bank’s business performance and risk tolerance metrics are complemented by a commitment to corporate social responsibility. CTBC Bank Co. is a constituent of the MSCI ESG Leaders Indexes, FTSE4Good Emerging Index and the Dow Jones Sustainability Indices.

The Banker began its tally of the world’s top 1,000 banks in 1970 gauging the scale and performance of different banks selected based on the size of tier-1 capital. This year’s rankings took into account more than 2,000 types of financial data to provide a comprehensive outlook on banks around the world.

About CTBC Bank Corp. (USA)

CTBC Bank USA 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 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.

CTBC Bank USA Appoints Ming Lin Chen Chief Operating Officer

LOS ANGELES, July 18, 2019

CTBC Bank USA, a trusted and established financial institution for commercial and retail customers, today announced that Ming Lin Chen has been named its Chief Operating Officer (COO.) She will report to Noor Menai, President and CEO of CTBC Bank USA.

Ms. Chen will oversee the growth of CTBC’s operations initiatives, working to enhance operational risk management and effectiveness and further build efficiency and productivity. She will also support the bank’s diversification of products and services and cultivate talent development. In addition, Ms. Chen will lead the bank’s information technology and data management teams to expand internet banking and digital channels.

“We’re delighted to welcome Ming Lin to CTBC Bank,” said Mr. Menai. “She will play an integral role in building our robust digital bank capabilities, including leveraging state-of-the-art artificial intelligence tools, which will bring great financial and customer service benefits to our clients. Ming Lin joins us with a strong track record in both U.S. and Pan-Pacific banking and her joining our team is another key step in our expansion plans.”

“It’s a pleasure joining the CTBC family,” said Ms. Chen. “I am looking forward to working with the teams to support the growing business and growth of human capital.”

Ms. Chen has over 20 years of experience in leading cross-functional teams in the global banking industry to improve productivity, exceed growth targets and solve problems through close collaboration with executive teams.

Previously, Ms. Chen was an Executive Vice President and Head of Banking Operations at East West Bank, where she spent nearly 14 years. There she managed a team of several direct reports and 300 indirect reports with oversight of the bank’s U.S. operations and coordination with their Greater China offices. Prior to that, she was a Senior Vice President, Marketing Director and Corporate Secretary at General Bank, leading the bank’s marketing and investor relations function.

Ms. Chen holds a bachelor’s degree in business administration from the National University of Singapore and an MBA from California State University, Los Angeles.

About CTBC Bank Corp. (USA)

CTBC Bank USA 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 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 $140 billion in assets and is among the largest banks in the world in terms of capital. CTBC Bank has branches and offices offering first class banking services in 14 countries, including 11 in Asia. For more information about CTBC Bank, visit www.ctbcbankusa.com.

CTBC Bank USA Opens Branch in Arcadia

LOS ANGELES, May 29, 2019

CTBC Bank USA, a trusted and established financial institution for commercial and retail customers, yesterday celebrated the grand opening of a new branch in Arcadia, California.

The opening ceremony and ribbon cutting included remarks by top global and regional CTBC Bank management, elected officials including Congresswoman Judy Chu, Arcadia City Councilmember Sho Tay and public dignitaries including the Arcadia Police Department.

CTBC Bank’s branch at 56 East Duarte Road will provide full service deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile and electronic banking services. The Arcadia branch will be managed by Peter Tin.

“Nearly half of Arcadia is of Chinese ancestry and thus, our ties as both a trusted U.S. community bank and Chinese American community bank are why we are so proud to open our branch here today,” said Morris Li, Chairman of CTBC Bank, at the event. “Our ‘We are Family’ tradition will continue in every way here in Arcadia.”

“For the past 30 years, CTBC Banks in the U.S. have helped grow our economy. They’ve been especially important in large immigrant communities, like ours, where they have taught financial literacy and helped residents apply for loans,” added Congresswoman Chu. “It’s this kind of community-focus which has made CTBC Bank such a valued member of the San Gabriel Valley and why I am excited to welcome its latest branch here in Arcadia.”

“We are very appreciative of Arcadia warmly welcoming us to your community, which has a rich history in Southern California, but also maintains deep ties across the globe with our communities in Asia,” said Noor Menai, President & CEO of CTBC Bank USA, in addressing the attendees. “Our expansion to Arcadia has been long in planning, given your rich history as one of the region’s most desired communities, thanks to stellar education, healthcare, culture and commercial opportunities.”

CTBC Bank has branches and offices offering first class banking services in 14 countries, including 11 in Asia. Regionally, in addition to the CTBC Bank USA’s Los Angeles headquarters, the bank has branches in the City of Industry, San Gabriel, Monterey Park, Rowland Heights, San Marino and Irvine.

About CTBC Bank Corp. (USA)

CTBC Bank USA 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 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 $125 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 USA CEO Noor Menai Joins FDIC Subcommittee on Supervision Modernization

WASHINGTON, D.C. and LOS ANGELES, March 6, 2019 — The inaugural meeting of the Federal Deposit Insurance Corporation’s (FDIC) Subcommittee on Supervision Modernization took place in Washington, D.C. yesterday and today. Noor Menai, President and CEO of CTBC Bank USA, by invitation of FDIC Chairman Jelena McWilliams, joined the subcommittee.

The subcommittee was established to support the FDIC’s Advisory Committee on Community Banking by considering how the FDIC can leverage technology and refine processes to make the examination program more efficient, while managing and training a geographically dispersed workforce.
The initial two-day meeting consisted of an overview of the FDIC and its structure, a discussion of the current bank examination program, and a review of existing technology and data sources relied on to conduct examinations. Here is a link to the FDIC announcement including Chairman McWilliams’ statement.

Other subcommittee members are:

  • Michael Bartkoski, Chief Operating Officer, nbkc Bank;
  • W. Bennett Bradley, Manager of Operations & Shared Services, BB&T;
  • Lyn Farrell, Regulatory Strategy Advisor, Hummingbird;
  • Matt Grasser, Chief Technologist, RegTech for Regulators Accelerator;
  • Dave Hanrahan, former President and CEO, Capital Bank of New Jersey;
  • Bradley Jacobs, Advisor, Bay Area Start-ups;
  • Bill Kroener, Senior Counsel at Sullivan & Cromwell;
  • Dawn Manley, Chief of Staff for Global Strategic Initiatives and Products, Splunk;
  • Mark Moylan, Senior Director for Chain Bridge Partners LLC;
  • Scott Mullins, Head of Worldwide Financial Services Business Development, Amazon Web Services;
  • Christopher Radich, Director of Digital Strategy, SalesForce;
  • Nancy Rubin, Dean Continuing Education and Distance Education, Northwestern Health Sciences University;
  • Karen Solomon, Senior Counsel at Covington and Burling LLP;
  • Vivian Yeung, Chief Digital & Technology Officer, Fremont Bank

The subcommittee will meet in person at least three times in 2019, with possible conference calls or smaller group briefings scheduled to supplement in-person discussions. Bios are all committee members are here

About FDIC

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s banks and savings associations, 5,406 as December 31, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

About CTBC Bank Corp. (USA)

CTBC Bank USA 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 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 $125 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:

David Barr, FDIC
E. dbarr@fdic.com
T. +1 (202) 898-6992

Dan Margolis, for CTBC Bank USA
E: dan.margolis@fticonsulting.com
T: +1 (213) 452-6472

Media Contacts

Dan Margolis
(English/Spanish language media)

Phone: +1 (213) 452-6472 

Email Dan

Sean Liao
(Chinese language media)

Phone: +1 (424) 277-4531 

Email Sean

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