The bank was founded by Mr. Thomas T.L. Wu, his friends, and some noted entrepreneurs in 2000. It was formally inaugurated on March 23, 1992, after obtaining the approval of the Ministry of Finance for its establishment in Aug. 1991. According to the resolution of its provisional shareholders’ meeting on Dec. 7,2001, the bank merged with Taan Bank via share swap for the establishment of Taishin Financial Holding Co., Ltd. on Feb. 18, 2001, which further completed the acquisition of the Hsinchu Tenth Credit Cooperative on Oct. 18, 2004, according to the resolution of shareholders’ meeting on July 26, 2004.

The bank’s board of directors directly oversees Auditing Division and Secretariat; its headquarters consists of 21 business and management units, including such staff and management units as Human Resources Division, Financial Management Division, General Planning Division, Legal Affairs Division, Information Service Division, Administrative Service Division, Marketing and Communications Division, Risk Management Division, Performance Evaluation Division, as well as the business units of corporate banking, consumer banking, and wealth management.

Regarding business network, the bank has set up branches in major cities in Tawan and has been actively establishing overseas units, in compliance with the trend of fi nancial internationalization, including offshore banking unit, Hong Kong branch, which was inaugurated on June 25, 2003 after obtaining the license in Feb. 2003, representative’s offi ce in Ho Chi Minh City of Vietnam, which was set up in Jan. 2005. The bank boasts 101 domestic and overseas branches, testifying to extensiveness of its service network.

The bank’s major business items include deposit reception, loan extension, export/import foreign exchange, foreign-currency deposits, discount of negotiable instruments, currency conversion, guarantee, surrogate collection/payment, custody, trust, credit card, trading in derivatives, brokerage of short-term commercial paper, brokerage of short-term bills, securities dealer, certification and underwriting, factoring, securities investment and underwriting, offshore banking, and the issuance of fi nancial bonds.

The bank’s affiliates include PayEasy.com, Taishin Insurance Agency Co.,Ltd, Taishin Insurance Brokers Co.,Ltd, Dah An Leasing Co.,Ltd, Taishin Real Estate Management Co.,Ltd, and PayEasy Travel Service Co.,Ltd, Contact Digital Integration Co.,Ltd