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COTA Bank

COTA Commercial Bank
Native name
三信商業銀行
IndustryBanking
Founded17 December 1915
HeadquartersTaichung City, Taiwan
ProductsFinancial services
Total assetsNT$9,251,000,000
Chinese name
Traditional Chinese三信商業銀行
Simplified Chinese三信商业银行
Transcriptions
Standard Mandarin
Hanyu PinyinSānxìn Shāngyè Yínháng
Yue: Cantonese
JyutpingSaam1 Seon3 Soeng1 Jip6 Ngan4 Haang4
Websitehttps://www.cotabank.com.tw/

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]

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 [zh], which owned 9.6%; and Far Eastern Air Transport, which owned 4%.[4]

See also

References

  1. ^ "COTA Commercial Bank Ltd". bloomberg.com. Retrieved 2021-02-22.
  2. ^ 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.
  3. ^ 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.
  4. ^ 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.
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