TCB achieved corporate status under the provisions of Article 52 of the Banking Law in May 1985. It was reorganized as the Taiwan Cooperative Bank, Ltd. on Jan. 1, 2001; went public in June 2003; was listed on the stock market on Nov. 17, 2004; underwent a Chinese name change in 2006; and merged with The Farmers Bank of China on May 1 of the same year.
To integrate the Group’s resources to make full use of operating synergies and reinforce business development, TCB, the Co-Operative Asset Management Corp., and the Taiwan Cooperative Bills Finance Corp. jointly established Taiwan Cooperative Financial Holding Co.(TCFHC) on Dec. 1, 2011 through a share swap. TCFHC thus became TCB’s sole (100%) shareholder. To achieve the cross-industry condition for holding companies, TCB’s securities department was spun off as the Taiwan Cooperative Securities Corp. on Dec. 2. For the effective management of the Group’s resources, the Bank transferred its shares in the BNP Paribas Cardif TCB Life Insurance Co. and BNP Paribas TCB Asset Management Co. to TCFHC on Apr. 3, 2012, making the two companies as subsidiaries of TCFHC.TCB's subsidiaries currently include the United Taiwan Bank, Cooperative Insurance Brokers Co.
According to TCB's Articles of Incorporation, the Bank is charged with carrying out the missions of operating a banking business, developing national economic construction, and providing financial adjustment for the farming and fishery industries. In addition to providing financing for cooperative enterprises, the farming and fishery industries, and small and medium enterprises, TCB also offers deposit, loan, and foreign exchange services for business enterprises in general to facilitate funds utilization and promote overall economic development. This makes TCB a consolidated international bank for farming, fishery, cooperative, and business financing.
As of Dec. 31, 2013, the Bank boasts a total of 297 domestic and overseas branches (including the Department of Business, Offshore Banking Branch, Manila Offshore Banking Branch, Los Angeles Branch, Seattle Branch, Hong Kong Branch, Sydney Branch, Suzhou Branch, Suzhou New District Sub-Branch, Phnom Pench Branch and Beijing Representative Office), creating the most extensive network of branches among all Taiwan banks and positioning itself as a market leader in share of deposits and loans. According to the list of the world’s top 1,000 banks by asset size, published in the July 2013 issue of The Banker magazine, TCB ranked 155th in the world and 2nd in Taiwan, after only the Bank of Taiwan. In the global ranking of the top 500 banking brands, published in February 2014, TCB ranked 334th in the world.