COTA Bank

{{Short description|Bank of Taiwan, headquartered in Taichung}}

{{Infobox company

|name = COTA Commercial Bank

|native_name = 三信商業銀行

|native_name_lang = zh

|logo = File:Cota Bank logo.png

|logo_caption = COTA Bank logo

|image =

|image_caption =

|type =

|slogan =

|foundation = 17 December 1915

|founder =

|location = Taichung City, Taiwan

|key_people =

|num_employees =

|industry = Banking

|products = Financial services

|revenue =

|net_income =

|assets = NT$9,251,000,000

|homepage = https://www.cotabank.com.tw/

| module = {{Infobox Chinese|child=yes

|t=三信商業銀行

|s=三信商业银行

|j={{tone superscript|Saam1 Seon3 Soeng1 Jip6 Ngan4 Haang4}}

|p=Sānxìn Shāngyè Yínháng

}}

}}

The COTA Bank ({{zh|t=三信商業銀行|p=Sānxìn Shāngyè Yínháng}}) is a commercial bank headquartered in Central District, Taichung, Taiwan.{{cite news|url=https://www.bloomberg.com/profile/company/5830:TT|title=COTA Commercial Bank Ltd|date=|publisher=bloomberg.com|author=|accessdate=2021-02-22}} By 2017, the bank had 30 branches in Taiwan, employed 1,100 people, and had NT$6.3 billion under management.{{cite news |author=劉曉霞 |date=2017-12-18 |title=【三信銀爭奪戰】這家銀行人人想搶　居然已經102歲了 |trans-title=[COTA Bank battle] Everyone wants to take over this bank. Its actually 102 years old. |language=zh |url=https://www.mirrormedia.mg/story/20171218fin003/ |magazine=Mirror Media |accessdate=2021-06-06 |archiveurl=https://web.archive.org/web/20210606231920/https://www.mirrormedia.mg/story/20171218fin003/ |archivedate=2021-06-06 }} 16 of the branches are in Taichung, while the rest are in Taipei, Xinzhuang, Banqiao, and Nanbu.{{cite news |author=李靚慧 |date=2015-06-09 |title=三信董事會反對併入金控 |trans-title=COTA Bank shareholders' meeting opposed merger into IBF Financial Holdings |language=zh |url=https://ec.ltn.com.tw/article/paper/887802 |newspaper=Liberty Times |accessdate=2021-06-06 |archiveurl=https://web.archive.org/web/20210606231930/https://ec.ltn.com.tw/article/paper/887802 |archivedate=2021-06-06 }}

The bank was founded in 1915 as a private limited company named Taichung Credit Union ({{zh|t=台中信用組合}}). It primary clientele then was Japanese people living in Taiwan. In 1999, the credit union was reorganized into a commercial bank.

COTA Bank frequently received media attention for its management rights disputes and mergers and acquisitions. Analysts said that COTA Bank experienced management rights disputes in 2017 two times within three years for several reasons.{{cite news |author=梁任瑋 |date=2017-12-28 |title=張綱維結盟寶佳 入主三信商銀的盤算 |trans-title=Zhang Gangwei allies with Baojia to take over the plan of COTA Bank |language=zh |url=https://www.businesstoday.com.tw/article/category/80395/post/201712270009/張綱維結盟寶佳%20%20入主三信商銀的盤算 |newspaper=Business Today |accessdate=2021-06-06 |archiveurl=https://web.archive.org/web/20210606232009/https://www.businesstoday.com.tw/article/category/80395/post/201712270009/張綱維結盟寶佳%20%20入主三信商銀的盤算 |archivedate=2021-06-06 }} Although its scope is not large, it over the years accumulated "a stable source of customers" in Taichung, Kaohsiung, Taipei, and other areas which gave it a stable profit, analysts said. The barriers to entry to COTA Bank are low owing to its small share capital. The largest shareholder in the bank in 2017 were Chuan Cheng Hat Company ({{zh|t=全成製帽}}), which owned 15%; {{ill|PJ Group|zh|寶佳機構}}, which owned 9.6%; and Far Eastern Air Transport, which owned 4%.