Chang Hwa Bank Wins Approval for Phoenix Office

Chang Hwa Commercial Bank is expanding its U.S. network as Taiwanese companies deepen investment in American manufacturing and reorganize global supply chains. Phoenix has emerged as a key semiconductor hub following Taiwan Semiconductor Manufacturing Co.’s large-scale expansion in Arizona, drawing suppliers and other Taiwan-linked businesses that require financing, cash management and cross-border banking support.

Taiwan’s Financial Supervisory Commission has approved Chang Hwa Bank’s application to establish a representative office in Phoenix, Arizona. Once established, it will become the lender’s third U.S. business location. The bank plans to use the office to support companies in TSMC’s core supply chain and the growing Taiwanese business community with faster, more diverse cross-border financial services. No investment amount or opening date was disclosed.