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#36

100% Investment Subsidiary Bank - First Commercial Bank (USA)

In the 1990s, with the liberalization of the financial sector, foreign banks began to invest in Taiwan, seeking business opportunities. First Bank took the lead in venturing abroad and, in May 1997, established a wholly-owned overseas subsidiary bank in California, initially named FCB Taiwan California Bank. Headquartered in Alhambra, California, it was the first Taiwanese financial institution to be approved by the Federal Reserve Bank of the United States. On September 4, 2001, it was renamed First Commercial Bank (USA).