Articles from Cathay Bank

In response to the devastating wildfires impacting Southern California, Cathay Bank, through the Cathay Bank Foundation, raised $600,000 in philanthropic donations in support of relief efforts.

President and Chief Executive Officer of Cathay General Bancorp and Cathay Bank, Chang M. Liu, has been appointed by the Federal Reserve Bank of San Francisco to serve as a member on its Los Angeles Branch Board of Directors. Moreover, Mr. Liu has been elected as a California member director by the Federal Home Loan Bank of San Francisco to serve a four-year term between January 1, 2023, and December 31, 2026.

Cathay Bank announced the release of the Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update. The update reviews the changes and trends in international trade, global supply chains, regional economic performance in the U.S., and how a slowing China economy could stall U.S. economic growth.

This year marks Cathay Bank’s 60th Anniversary. Founded in 1962 in Los Angeles Chinatown, the bank’s initial focus was to serve the growing and underserved Chinese American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on Nasdaq in 1990, and by 1999, the bank had expanded its footprint to the East Coast. Today, Cathay Bank remains headquartered in Los Angeles and operates over 60 branches throughout the U.S., with one branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei.

Cathay General Bancorp, the holding company of Cathay Bank, earned the ninth spot on the 2021 S&P Global Market Intelligence ranking of U.S. public banks by financial performance. The analysis looked at U.S. public banks traded on major exchanges such as Nasdaq, NYSE, or NYSEAM with more than $10 billion in total assets as of December 31, 2021.

Cathay Bank announced that it has expanded its online business solutions to offer payment and invoicing services through Autobooks.