The COTA Bank () is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

headquartered in Central District,

Taichung Taichung (, Wade–Giles: ''Tʻai²-chung¹'', pinyin: ''Táizhōng''), officially Taichung City, is a special municipality located in central Taiwan. Taichung has approximately 2.8 million residents and is the second most populous city of Ta ...

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...

. By 2017, the bank had 30 branches in Taiwan, employed 1,100 people, and had NT$6.3 billion under management. 16 of the branches are in Taichung, while the rest are in Taipei, Xinzhuang,

Banqiao Banqiao () may refer to: Taiwan *Banqiao District, seat of New Taipei Mainland China *Banqiao Dam (), dam on the Ru River near Zhumadian, Henan that suffered an infamous failure in 1975 *Banqiao Town (disambiguation) *Banqiao Township (disambigua ...

, and Nanbu. The bank was founded in 1915 as a

private limited company A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United St ...

named Taichung Credit Union (). It primary clientele then was Japanese people living in Taiwan. In 1999, the credit union was reorganized into a commercial bank. COTA Bank frequently received media attention for its management rights disputes and

mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

. Analysts said that COTA Bank experienced management rights disputes in 2017 two times within three years for several reasons. 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. The barriers to entry to COTA Bank are low owing to its small share capital. The largest shareholder in the bank in 2017 were Chuan Cheng Hat Company (), which owned 15%; , which owned 9.6%; and

Far Eastern Air Transport FAT Taiwan Inc., () doing business as Far Eastern Air Transport (FAT), was an airline with its head office in Songshan District, Taipei, Taiwan ( Republic of China). Established in 1957, it operated domestic services from Taipei and Kaohsiu ...

, which owned 4%.

References

External links

Official website
{{Banks of Taiwan 1915 establishments in Taiwan Banks of Taiwan Banks established in 1915 Companies based in Taichung

See also

References

External links