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Cathay General Bancorp
NASDAQ:CATY

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Cathay General Bancorp
NASDAQ:CATY
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Price: 47.865 USD -0.55%
Market Cap: 3.4B USD
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Cathay General Bancorp
Investor Relations

Cathay General Bancorp, the parent company of Cathay Bank, was founded in 1962 to serve the growing Chinese-American community in Los Angeles. This strategic focus on a niche demographic, often underserved by mainstream financial institutions, allowed it to establish a loyal customer base. Over the decades, the bank expanded its footprint beyond California to several states across the U.S., and even into Asia. By concentrating initially on commercial banking services such as loans to small and medium-sized businesses within the Asian community, Cathay General Bancorp capitalized on its deep cultural understandings and language skills. This approach enabled them to develop strong client relationships and to provide tailored financial solutions.

The core business model of Cathay General Bancorp is built on the principles of traditional banking, where deposits are taken from individuals and businesses, and these funds are then used to issue loans. The bank earns a significant portion of its revenue from the interest spread—the difference between the interest paid on deposits and the interest earned from loans. Additionally, Cathay generates income through fees for various services like processing loans, foreign exchange, and wealth management. Emphasizing prudent risk management and maintaining robust capital reserves, Cathay navigates the complex market dynamics while staying committed to its community-driven roots. Through these strategies, the bank continues to thrive, adapting to evolving financial landscapes while meeting the unique needs of its diverse clientele.

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Management

Mr. Dunson K. Cheng
Executive Chairman of the Board
No Bio Available
Mr. Chang Ming Liu
CEO, President & Director
No Bio Available
Mr. Heng W. Chen
Executive VP, CFO & Treasurer
No Bio Available
Mr. Thomas M. Lo
Executive VP & Chief Administrative Officer
No Bio Available
Ms. Georgia Lo
Assistant Secretary & Investor Relations
No Bio Available
Ms. May K. Chan
Senior VP, General Counsel, Secretary & Sustainability Officer
No Bio Available

Contacts

Address
CALIFORNIA
Los Angeles
777 N Broadway
Contacts
+12136254700.0
www.cathaybank.com