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First Commercial Bank is the
outgrowth of merger of the Savings Bank of Taiwan (established in 1899),
Chia-I Bank (established in 1905), The Commercial and Industrial Bank of
Taiwan (established in 1910), and Hsin-Kao Bank (established in 1916). Of
these four banks, the Savings Bank of Taiwan and The Commercial and
Industrial Bank of Taiwan were previously jointly owned by Chinese and
Japanese, while Chia-I Bank and Hsin-Kao Bank were originally owned entirely
by Chinese in Taiwan.
In 1949, the Bank was renamed the First Commercial Bank of Taiwan. As of
June 2002, the Bank has already had 10 overseas branches located in London,
New York, Los Angeles, Hong Kong, Tokyo, Guam, Singapore, Palau and Phnom
Penh, 2 representative offices in Bangkok and Ho Chi Minh City as well as a
wholly-owned subsidiary named First Commercial Bank (USA) located in
Alhambra, California and its three branches (City of Industry Branch,
Silicon Valley Branch and Irvine Branch).
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In Vietnam, First Commercial
Bank opened its branch for operations since 2002 with the branch located at
Ho Chi Minh city. The Bank has established a correspondent network with more
than 1,600 major banks all over the world. This extensive business network
at home and abroad has facilitated the Bank to offer worldwide services to
customers. |
