||China Trust Bank of New York ("CTBNY") was established
in New York by Messrs. Jeffrey L.S. Koo and Kenneth
C.M. Lo with an initial capital investment of $10,000,000.
||CTBNY was profitable after 5 months of operations.
||CTBNY established the Flushing Branch in Queens,
||CTBNY established the Chinatown Branch in Manhattan,
||CTBNY established the Brooklyn Branch in Brooklyn,
CTBNY initiated credit card service and issued VISA
and MasterCard credit cards to its clientele.
||China Trust Holdings Corp. acquired Trans National
Bank located in Monterey Park, California and renamed
the Bank "China Trust Bank of California" ("CTBCA").
CTBCA relocated its headquarters to the newly renovated
China Trust Bank Building in Torrance, California
and established the Torrance Branch, its fifth branch
||CTBCA established the Milpitas, City of
Industry, and Irvine Branches in California.
||On August 20, 1997, China Trust Bank of California
changed its name to Chinatrust Bank (U.S.A.) ("CTB(USA)").
After close of the business on August 29, 1997,
China Trust Bank of New York merged into Chinatrust
CTB(USA) established the Arcadia, Cerritos, Cupertino
Branches in California and the Edison Branch in
CTB(USA)'s total assets surpassed $1 billion.
||CTB(USA) established the Alhambra Branch in California.
CTB(USA) relocated its Wall Street (N.Y.) Branch
and Eastern Regional Office from 88 Pine St. to
366 Madison Ave., New York and renamed the Branch
||CTB(USA) established the Seattle Loan Production
Office in Washington.
||CTB(USA) launched Internet banking products and
||On May 5, 2001, Chinatrust Commercial Bank, Taiwan
CTB(USA)'s total assets surpassed $1.7 billion.
||CTB(USA) established the Fremont and Rowland Heights
Branches in California.
||CTB(USA) established the East Hanover Branch in
New Jersey and Diamond Bar Branch in California.
||New mortgage programs kicked off offering varieties to
meet our customers' mortgage needs.