- Business
- King's Town Bank Co., Ltd. (TWSE: 2809) operates as a commercial bank in Taiwan, providing a comprehensive range of financial services including deposit products such as checking, demand, time, and consolidated deposits; lending services encompassing corporate and consumer loans, bill discounts, and commercial draft acceptance; foreign exchange operations covering deposits, remittances, imports, exports, and currency loans; wealth management and financial planning tailored to customer risk profiles; trust services like securities, pre-collection, and real estate trusts; investment activities involving foreign currency fund allocation, securities investments, and financial bond issuance; as well as insurance agency, leasing, securities brokerage, and real estate management through subsidiaries King's Town Bank International Leasing Co., Ltd., King's Town Securities Co., Ltd., and King's Town International Construction Management Co., Ltd. The bank, founded in 1948 and headquartered at No. 506, Section 1, Ximen Road, West Central District, Tainan City, Taiwan, maintains approximately 66 branches primarily concentrated in southern Taiwan including Yunlin-Chiayi-Tainan and Kaohsiung regions, with additional presence in northern and central areas, serving small and medium-sized enterprises, corporate clients, and individuals across deposit, loan, and wealth segments. In a major strategic development, SinoPac Financial Holdings Co. completes its acquisition of King's Town Bank in October 2025 through a NT$60 billion cash-stock swap announced in December 2024 and approved by Taiwan's Financial Supervisory Commission in June 2025, positioning the bank for full merger with Bank SinoPac within one year to create synergies in branch networks—expanding to 191 outlets nationwide, the third largest in Taiwan—and enhancing market shares in deposits from 3.74% to 4.24% and loans from 3.79% to 4.37%, with King's Town Bank delisted from the Taiwan Stock Exchange upon completion.