Cathay General Bancorp - Company Profile
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Cathay General Bancorp (CGB) is a bank holding company that offers commercial banking and wealth management solutions to individuals, professionals, and small to medium-sized businesses through its subsidiary, Cathay Bank. It provides savings, demand, and time deposits; lending for commercial, small business, personal, and real estate requirements; credit and debit cards; digital banking; international banking and foreign exchange services. The company also offers a range of wealth solutions including insurance and retirement, annuities, mutual funds, investment IRAs, and advisory. It operates through a network of branches in California, New York, Massachusetts, Texas, Nevada, Washington, Illinois, Maryland, and New Jersey; and Hong Kong; and representative offices in China and Taiwan. CGB is headquartered in Los Angeles, California, the US.
Headquarters
United States of America
Address
777 N Broadway, Los Angeles, California, 90012-2819
Website
www.cathaybank.com
Telephone
1 213 6254700
No of Employees
1,178
Industry
Financial Services
Ticker Symbol & Exchange
CATY (NASD)
Revenue (2022)
$908.1M
25.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
20.9%
(2022 vs 2021)
Market Cap*
$2.5B
Net Profit Margin (2022)
XYZ
-4.0%
(2022 vs 2021)
* As of and is in US$
Cathay General Bancorp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Savings Accounts | Foreign Exchange |
| Checking Accounts | Cash Management |
| Individual Retirement Accounts | Merchant Bankcard Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | New Products/Services | In April, Cathay Bank expanded its online business solutions to offer payment and invoicing services through Autobooks. |
| 2017 | Contracts/Agreements | In December, Cathay Bank, a subsidiary of the bank, entered into an agreement to implement the Black Knight LoanSphere Empower loan origination system leveraging the Empower Now! Implementation model. |
| 2017 | Acquisitions/Mergers/Takeovers | In October, the bank completed the merger process between its subsidiary, Cathay Bank and SinoPac Bancorp. |
Competitor Comparison
| Key Parameters | Cathay General Bancorp | Valley National Bancorp | PacWest Bancorp | Hope Bancorp Inc | Washington Federal Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Los Angeles | New York | Beverly Hills | Los Angeles | Seattle |
| State/Province | California | New York | California | California | Washington |
| No. of Employees | 1,178 | 3,826 | 2,438 | 1,549 | 2,132 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dunson K. Cheng | Chairman | Executive Board | 2016 | 78 |
| Chang M Liu | Chief Executive Officer; Director; President | Executive Board | 2020 | 55 |
| Heng W. Chen | Chief Financial Officer; Treasurer; Executive Vice President | Senior Management | 2003 | 70 |
| Mark H. Lee | Chief Credit Officer - Cathay Bank; Executive Vice President - Cathay Bank | Senior Management | 2017 | 60 |
| Kim R. Bingham | Executive Vice President - Cathay Bank; Chief Risk Officer - Cathay Bank | Senior Management | 2014 | 66 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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