Taiwan-based CTBC Bank Relocates U.S. Headquarters To Los Angeles, California
09/27/2013
Headquartered in Taiwan, the company’s parent, Chinatrust Commercial Bank was renamed CTBC Bank Co., Ltd. in June 2013. It is a global financial institution with over $67 billion in assets. CTBC Bank said it relocated its US headquarters from Torrance, California to Los Angeles to provide customers with a more central and accessible location, particularly for corporate and commercial business.
“CTBC Bank moving its headquarters here continues a trend of international investment in the global city of Los Angeles,” said Mayor Eric 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 Noor Menai, President and CEO of CTBC Bank 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.”
“As we enter a more dynamic period of growth, our customers remain at the heart of each decision we make,” said Brian Constable, Executive Vice President and Head of Retail Banking. “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.”
“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 Carol E. Schatz, President and CEO, Central City Association.
Project Announcements
Herr Foods Establishes Jackson, Ohio, Operations
05/17/2024
SRC of Lexington Expands Fayette County, Kentucky, Operations
05/17/2024
John Deere Expands Kernersville, North Carolina, Production Operations
05/17/2024
Japan-Based Asahi Kasei Plans Port Colborne, Ontario, EV Battery Operations
05/17/2024
Microsoft Establishes Mount Pleasant, Wisconsin, Data Center Operations
05/16/2024
BlueHalo Establishes Germantown, Maryland, Production Operations
05/16/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024