The COTA Bank (Chinese: 三信商業銀行; pinyin: Sānxìn Shāngyè Yínháng) is a commercial bank headquartered in Central District, Taichung, Taiwan.[1] By 2017, the bank had 30 branches in Taiwan, employed 1,100 people, and had NT$6.3 billion under management.[2] 16 of the branches are in Taichung, while the rest are in Taipei, Xinzhuang, Banqiao, and Nanbu.[3]
 COTA Bank logo | |||||||||||
Native name | 三信商業銀行 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry | Banking | ||||||||||
| Founded | 17 December 1915 | ||||||||||
| Headquarters | Taichung City, Taiwan | ||||||||||
| Products | Financial services | ||||||||||
| Total assets | NT$9,251,000,000 | ||||||||||
| Chinese name | |||||||||||
| Traditional Chinese | 三信商業銀行 | ||||||||||
| Simplified Chinese | 三信商业银行 | ||||||||||
| |||||||||||
| Website | https://www.cotabank.com.tw/ | ||||||||||
The bank was founded in 1915 as a private limited company named Taichung Credit Union (Chinese: 台中信用組合).[2] It primary clientele then was Japanese people living in Taiwan.[2] In 1999, the credit union was reorganized into a commercial bank.[3]
COTA Bank frequently received media attention for its management rights disputes and mergers and acquisitions.[2] Analysts said that COTA Bank experienced management rights disputes in 2017 two times within three years for several reasons.[4] Although its scope is not large, it over the years accumulated "a stable source of customers" in Taichung, Kaohsiung, Taipei, and other areas which gave it a stable profit, analysts said.[4] The barriers to entry to COTA Bank are low owing to its small share capital.[4] The largest shareholder in the bank in 2017 were Chuan Cheng Hat Company (Chinese: 全成製帽), which owned 15%; PJ Group, which owned 9.6%; and Far Eastern Air Transport, which owned 4%.[4]
See also
editReferences
edit- ^ "COTA Commercial Bank Ltd". bloomberg.com. Retrieved 2021-02-22.
- ^ a b c d 劉曉霞 (2017-12-18). "【三信銀爭奪戰】這家銀行人人想搶 居然已經102歲了" [[COTA Bank battle] Everyone wants to take over this bank. Its actually 102 years old.]. Mirror Media (in Chinese). Archived from the original on 2021-06-06. Retrieved 2021-06-06.
- ^ a b 李靚慧 (2015-06-09). "三信董事會反對併入金控" [COTA Bank shareholders' meeting opposed merger into IBF Financial Holdings]. Liberty Times (in Chinese). Archived from the original on 2021-06-06. Retrieved 2021-06-06.
- ^ a b c d 梁任瑋 (2017-12-28). "張綱維結盟寶佳 入主三信商銀的盤算" [Zhang Gangwei allies with Baojia to take over the plan of COTA Bank]. Business Today (in Chinese). Archived from the original on 2021-06-06. Retrieved 2021-06-06.
