Bank SinoPac, or SinoPac Financial Holdings Company Ltd (TWSE: 2890)(Chinese: 永豐金融控股公司; pinyin: Yǒngfēng Jīnróng Kònggǔ Gōngsī), is a Taiwan-based banking holding company which operates through 22 divisions as well as 125 branches in Taiwan and 3 international branches in Shanghai, Guangzhou and Chengdu (as of 2019). The bank was founded by Samuel Yin and Paul Lo in 1992 as Taiwan liberalized its banking regulations. As Taiwan continued to liberalize its financial market, SinoPac acquired a securities business from the Hong family of local fame in early 2000s. In late 2005, SinoPac merged with the International Bank of Taipei(IBT). SinoPac, like many other Taiwanese financial institutions, has branches and operations in the United States and major Asian cities; however, SinoPac is unique in its foresight in building on-the-ground business in the US and China. Far East National Bank, a wholly owned California chartered bank was acquired in 1997; SinoFirst, located in Shanghai, China, was acquired in late 1990s. More information...
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