Monday, December 03, 2012


Chinatrust Bank has agreed to move its U.S. headquarters from Torrance to downtown Los Angeles.

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 Chinatrust U.S.A.’s retail banking group. “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.

Taiwan-based Chinatrust has 12 branches in the United States, seven of which are in Southern California. The bank will move about 175 employees to the new headquarters by the middle of next year, Gregson said.,0,5588987.story


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