Historical:1956-Today

Reorganizing and Glorifying

Period of Prospering

Mr. Luo Chen passed away in 1946 and was succeeded by Mr. Yung-Chia Wang as the Chairman of the Board. He emphasized expert professionalism above and beyond one's ordinary occupation. An absolutely dedicated full-timer, he was an exemplary model with no moonlighting or side business. COTA Bank got more than six thousand members and was operated by nearly one hundred tellers as of 1967, with significant growth and impressive harmony, winning widespread acclaim amidst the cooperative world in Taiwan.

Period of Glorifying

Mr. Yung-Chia Wang passed away during his tenure in 1968. Mr. Wei-Kun Chiang immediately took over the helm and carried on the traditional culture with firm enforcement of the guiding motto "safeguard the hard-built foundation" to make the services increasingly democratic and modernized. As an encouraging result, COTA Bank built five branches and completed automated services within shortly seventeen years, tremendously expanded service networks and upgraded quality. Mr. Wei-Kun Chiang retired with honor in February 1995 and passed the office onto Mr. Chun-Tse Liao. He virtually materialized cooperative philosophy and risk control, with strategic utilization of synchronous operation to guide the entire staff to get reorganized into the "COTA Commercial Bank" and to greet tougher challenges and greater niches ahead.

Period of COTA Bank

In accordance with the newly promulgated "Regulations and Criteria Governing Reorganization of Credit Cooperatives into Commercial Banks", COTA Bank set up a reorganization task force and launched reorganization in December 1995. During the period, we tried hard to aspire to add owned capitals, increased ratio of risk-oriented assets, strengthened the financial structure, training for high-caliber tellers with up-to-date expertise, and get ready for new lines of services. On July 27, 1998, COTA Bank was officially approved by Ministry of Finance to be upgraded into "COTA Commercial Bank". During the preparatory period and through a variety of reforming projects, we launched Corporate Identity System (CIS) to convey the corporate philosophy featuring "brisk, innovating, cordial services", which were well prepared to combat in the financial climate characterized by cutthroat competition. COTA Bank officially launched its brand new services to customers in the name of "COTA Commercial Bank" on January 1, 1999.