| COTA Commercial Bank | |||||||||
| Native Name: | 三信商業銀行 | ||||||||
| Native Name Lang: | zh | ||||||||
| Foundation: | 17 December 1915 | ||||||||
| Location: | Taichung City, Taiwan | ||||||||
| Industry: | Banking | ||||||||
| Products: | Financial services | ||||||||
| Assets: | NT$9,251,000,000 | ||||||||
| Homepage: | https://www.cotabank.com.tw/ | ||||||||
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The COTA Bank 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 .[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, which owned 15%;, which owned 9.6%; and Far Eastern Air Transport, which owned 4%.[4]