LOS ANGELES--(BUSINESS WIRE)--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.
