Historical:1915-1956

Period of Founding

COTA Bank was formerly founded as 'Limited Liability of the Taichung Credit Cooperative' on December 17, 1915 as a financial body organized by Japanese colony in Taiwan. Native Taiwanese was not invited to be its members until 1934 but only occupied by insignificant 7% of the total membership at that time. Although the current head office building was constructed on December 25, 1938 to represent the ambition of business expansion, the limited services was still hardly available and merely meet local community's needs for financial functions except for a minority number of landlords.

Period of Reorganizing

After Japanese colony were repatriated in 1945, COTA Bank, with only forty some members and three or four employees, was on the verge of dissolution. In 1946, as the government promulgated Enforcement Rules for Reorganization of Cooperatives, COTA Bank was reorganized into the "Limited Liability Taichung Third Credit Cooperative". Thanks to the exceptional efforts of former Chairman Yung-Chia Wang, Former General Manager Chia-Chu Lin and former Vice General Manager Ying-Chieh Lai amidst wholehearted guiding support from Mr. Wei-Kun Chiang, Chief of the Cooperative Affairs of the City Government, we successfully completed reorganization, heavily solicited members and carried out our services. By 1947 we had over one thousand members, while nevertheless; we were still slow in business performance. In 1950, Mr. Luo Chen, a renowned doctor of the city, was invited to serve as the third chairman, and Mr. Yung-Chia Wang was authorized with full managerial powers of an overall renovation and promotion, to solidify our financial standing. In 1948, we further invited Mr. Wei-Kun Chiang to help management. Thanks to the remarkable expertise and performance by the three experts Mr. Wei-Kun Chiang, Chia-Chu Lin and Ying-Chieh Kao, we began seeing bullish prospects ahead.