LOS ANGELES–(Organization WIRE)–May 27, 2022–

This 12 months marks Cathay Bank’s 60th Anniversary. Established in 1962 in Los Angeles Chinatown, the bank’s original concentrate was to serve the developing and underserved Chinese American community in Los Angeles. Cathay Lender turned a publicly traded enterprise, by means of its keeping business Cathay Normal Bancorp, on Nasdaq in 1990, and by 1999, the bank had expanded its footprint to the East Coastline. These days, Cathay Financial institution continues to be headquartered in Los Angeles and operates more than 60 branches throughout the U.S., with a single branch in Hong Kong and consultant places of work in Beijing, Shanghai, and Taipei.

Some of the bank’s additional recent milestones include things like refreshing the Cathay model, paying for HSBC Bank United states of america (“HSBC”) West Coastline mass retail industry client banking business enterprise and retail business banking business, and surpassing $20 billion in asset dimension as of December 31, 2021.

Cathay Financial institution also gives back again to its local communities. The Cathay Financial institution Foundation was started in 2002 to assistance increase and administer cash distributed to local community-primarily based nonprofit organizations and continues to do so now. To rejoice its quite a few decades of achievements and to thank the guidance of our clients and local community, Cathay Lender hosted a celebratory occasion this evening in San Marino, California.

Executive Chairman Dunson Cheng and President and Chief Executive Officer Chang M. Liu each attended the party and sent speeches commemorating the situation. A push conference was held ahead of the formal meal and the media interviewed Liu, focusing on the bank’s milestones, achievements, and neighborhood involvement.

“As part of our a lot of anniversary celebrations, we hosted several functions, such as an Open House function at every department from April 18 to 20, to reconnect with our local communities, clients, and potential customers. On our Diamond Anniversary, we stand on the shoulders of our devoted colleagues earlier and existing who have planted and cultivated the seeds of accomplishment as we applaud our Bank’s record, rejoice its current and shape its upcoming,” said Liu.

Cathay Financial institution, a subsidiary of Cathay Common Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to provide the rising immigrant community. Today, we operate in excess of 60 branches across the U.S., with a branch in Hong Kong, and consultant places of work in Beijing, Shanghai, and Taipei. In 2022, we proudly rejoice our diamond jubilee. While considerably has improved over six many years, our pursuit and determination has only developed more powerful. Then, now, and always, we go higher than and beyond, so you can, as well. Master additional at cathaybank.com. FDIC coverage protection is limited to deposit accounts at Cathay Bank’s U.S. domestic department places.


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PUB: 05/27/2022 04:45 PM/DISC: 05/27/2022 04:46 PM

Copyright Business Wire 2022.