Chinatrust Bank, the Taiwan-based institution with 12 branches in the United States, is moving its U.S. headquarters to downtown Los Angeles.
Chinatrust’s U.S. operations, and some 175 employees, will leave the existing office in Torrance, Calif., by mid-2013, according to the L.A. Times.
The bank will rent two floors in 801 Tower, a company representative said. The high-rise is in the financial district north of Staples Center.
“We wanted to be in a major financial area,” said Brian Gregson, head of U.S. retail banking at Chinatrust. “This is the early stage of getting our ducks in a row to start some expansion.”
The bank’s name will be affixed on top of the 25-story tower at 801 S. Figueroa St., he said.