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Article: Unarranged marriages: the union of Taishin and Dah An banks was the first merger free of government input. (Asia: Taiwan).(Taishin International Bank, Dah An Commercial Bank)(Statistical Data Included)
- Article from:
- The Banker
- Article date:
- July 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The process of consolidation of Taiwan's saturated banking market took a major step when the first self-initiated merger among the cohort of "new" private banks formed in the early 1990s was consummated in late May.
Five months after plans for a merger were unveiled, the Taishin Financial Holding Company, formed in February, assumed control over the 38 branches of the Dah An Commercial Bank on May 27, making Taishin International Bank one of the island's leading private banks.
On June 17, Taishin FHC chairman Wu Tung-liang joined key executives and government officials to break the earth to start the construction of the 124-metre Taishin Financial Tower ...