SALT LAKE CITY, Aug. 7, 2014 /PRNewswire-USNewswire/ -- CTBC Bank (USA) and its parent company CTBC Financial Holdings have donated $200,000 as a global partner to the Huntsman Cancer Foundation, which kicks off its new annual Championship for Cancer Research fundraiser.
The event, which is part of a golf and gala campaign, will be held at Promontory's Jack Nicklaus-Designed Painted Valley Course in Park City, Utah on August 12 and will benefit cancer research at Huntsman Cancer Institute in Salt Lake City, UT. Contributions including CTBC's pledge total more than $1 million for the fundraiser.
"Cancer truly is a global problem," said Susan Sheehan, Executive Director of Development at Huntsman Cancer Foundation. "It takes a team of optimistic and innovative researchers, strong and pioneering leadership and dedicated partners to eradicate cancer. We are so grateful to CTBC for generously supporting the Huntsman Cancer and children and families all over the world."
"CTBC Bank is proud to join the Huntsman Cancer Foundation to fight disease by further building its research team and facilities," said Noor Menai, President & CEO of CTBC Bank (USA) and Head of CTBC North America. "CTBC and our founders have a long tradition of supporting the communities we serve and the foundation's work is critical for the future of families across the globe."
The CTBC donation and Huntsman support includes The Primary Children's and Families' Cancer Research Center at Huntsman Cancer Institute. The center's research programs will increase knowledge about cancer genetics, risk, and prevention, advance new drug development, provide state-of-the-art tumor imaging, address survivor needs, and create a biotechnology center.
In total, partners CTBC, Zions Bank, Layton Construction, Okland Constuction, Deseret Power, VLCM, and Won-Door, along with dozens of other sponsors, will present more than $1 million to cancer research—with a goal through November of $2 million.
Officials from CTBC attending the August 12th event to present Huntsman Cancer Foundation a check for $200,000 include Thomas KS Chen, Vice Chairman of CTBC Bank Co., Peter Liu, Executive Vice President of CTBC, Noor Menai, and Kenneth Yu, Senior Vice President of CTBC.
CTBC also supports many other important cultural and educational organizations including Center for Pacific Asian Family, Chrysalis and Operation Hope.
About CTBC Financial Holding Co. Ltd. and CTBC Bank
CTBC Financial Holding Co Ltd. has nine subsidiaries including CTBC Bank, CTBC Securities, CTBC Life Insurance, CTBC Insurance Brokers, CTBC Venture Capital, CTBC Asset Management, CTBC Investments, CTBC Security and Taiwan Lottery. CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank's operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit ctbcbankusa.com.
About Huntsman Cancer Foundation
Huntsman Cancer Foundation's sole purpose is to raise funds to support the mission of Huntsman Cancer Institute (HCI):
to understand cancer from its beginnings, to use that knowledge in the creation and improvement of cancer treatments, to relieve the suffering of cancer patients, and to provide education about cancer risk, prevention, and care.
Huntsman Cancer Foundation is dedicated to ensuring excellence in these endeavors through the development and prudent stewardship of private resources.
All HCI fundraising initiatives happen through Huntsman Cancer Foundation, which is a public, fully integrated, Type 3 501 (c)(3).
SOURCE Huntsman Cancer Foundation