Created on: 2021-01-05 13:54:29
Last update: 2021-01-05 00:00:00
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First Commercial Bank's head office in Taipei. Photo: Solomon203 via Wikimedia Commons (CC BY SA 3.0)
About First Commercial Bank
First Commercial Bank was established in November 1899 as Savings Bank of Taiwan. In 1912 it merged with Commercial and Industrial Bank of Taiwan, and in 1923 it again merged with Chia-I Bank and Hsin-Kao Bank. In 1947 its name was changed to Taiwan Industrial and Commercial Bank. In 1976, it was given its current name, First Commercial Bank. In January 1998 the Bank was transformed from a government entity into a private bank. After the establishment of First Financial Holding in January 2003, the Bank became a subsidiary of the First Financial Group.
First Commercial Bank is a subsidiary of First Financial Holding (of which the largest shareholder the Government of Taiwan (21.5%) is). First Financial Holding's complete shareholder structure can be accessed here.