First Commercial Bank was originally established on November 26, 1899 as Savings Bank of Taiwan. In 1912 it merged with Commercial and Industrial Bank of Taiwan, retaining the name of the latter, 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, and in 1949 it was renamed as First Commercial Bank of Taiwan. Finally, in 1976, it was given its current name, First Commercial Bank, in order to strengthen the operating strategy of business internationalization. On January 22, 1998 the Bank was transformed from a government entity into a private bank. After the establishment of First Financial Holding Co. on January 2, 2003, the Bank became a subsidiary of First Financial Group. The Bank has now been in business for more than a century.
As of Jun 2017, the Bank’s capital was NT$89.064 billion. In terms of total assets and Tier 1 capital, it ranked among the world’s top 300 banks. It currently has over 7,000 employees and 188 domestic branches. Overseas there are 35 global networks (19 branches, 8 sub-branches, 2 representative offices, and 1 subsidiary with 1 main office and 6 branches) in major international metropolitan areas and financial centers to provide a full range of service and satisfy the operating need of overseas Taiwanese enterprises.
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