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August 30, 2015 7:15 PM ET

Banks

Company Overview of Cathay Bank

Company Overview

Cathay Bank provides personal and commercial financial products and services. The company offers personal banking services, which include checking and savings accounts, CDs, IRA CDs, and debit cards; mortgage loan, home equity financing, and auto loans; online and mobile banking services; and credit cards. It provides business banking services, such as business checking and savings accounts, and CDs; cash management services, including merchant deposit capture, zero balance account, lockbox service, merchant bankcard services, courier deposit service, armored transport services, cash vault services, and business online banking; loans, such as commercial financing, real estate and constructio...

9650 Flair Drive

El Monte, CA 91731

United States

Founded in 1961

Phone:

626-582-7380

Fax:

626-279-3259

Key Executives for Cathay Bank

Chairman of the Board, Chief Executive Officer, Chief Executive Officer of Cathay General Bancorp, President of Cathay General Bancorp and Chairman of Cathay General Bancorp
Age: 70
President and Director
Age: 61
Chief Financial Officer, Executive Vice President, Chief Financial Officer of Cathay General Bancorp and Executive Vice President of Cathay General Bancorp
Age: 62
Chief Operating Officer and Senior Executive Vice President
Age: 66
Executive Vice President, General Counsel, Secretary, Executive Vice President of Cathay General Bancorp, General Counsel of Cathay General Bancorp and Secretary of Cathay General Bancorp
Age: 52
Compensation as of Fiscal Year 2015.

Cathay Bank Key Developments

Cathay Bank Appoints Senior Advisory Board from Asia Bank

Cathay General Bancorp, the holding company for Cathay Bank, announced that it completed its merger with Asia Bancshares Inc. at the end of the day on July 31, 2015. As a result of the transaction, Asia Bancshares Inc. has been merged with and into Cathay General Bancorp, and Asia Bank has been merged with and into Cathay Bank. With the merger, Cathay Bank is creating a Senior Advisory Board that will provide guidance and direction for the combined bank in the Eastern Region. Four members of the Board of Directors of Asia Bank, Mr. Jentai Tsai, Mr. Yu-Shyang Tsai, Mr. Wu-Hsing Liao, and Ms. Kathy Huang, will join the Senior Advisory Board as Chairman of the Senior Advisory Board and Senior Advisory Board members, respectively, upon the closing.

Cathay Bank Announces Executive Appointments, with Effective from April 1, 2015

Cathay General Bancorp announced the appointments of Pin Tai as President of Cathay Bank and Irwin Wong as Chief Operating Officer of Cathay Bank, effective April 1, 2015. Mr. Tai and Mr. Wong will continue to report to Dunson K. Cheng, Chairman of the Board and Chief Executive Officer of bank. Mr. Wong will continue to serve as Senior Executive Vice President of Cathay Bank. Additionally, Mr. Tai will join the Board of Directors of bank, effective April 1, 2015. Mr. Tai joined the company in 1999 as the General Manager of New York Region when first expanded into the area. After 15 years under his leadership, New York Region expanded to nine branches with total deposits close to $1 billion and $1.8 billion in loans. Mr. Tai has over thirty-two years of banking experience. He has been an Executive Vice President of Cathay Bank since 2006. Mr. Tai was appointed as Chief Lending Officer and relocated to Los Angles in 2013. Mr. Wong joined bank in 1988 as Vice President and Branch Administration when the company's total assets was approximately $400 million and with only a few branches in Southern California. With over thirty-five years of banking experience, Mr. Wong is a key management member in the expansion of the company. From 2011 to 2013, Mr. Wong was the company's Chief Risk Officer. He was appointed as Senior Executive Vice President and Chief Retail Administration and Regulatory Affairs Officer of the bank in 2014.

Jentai Tsai Joins Cathay Bank as Chairman of its Advisory Board in the Eastern Region

Cathay General Bancorp and Asia Bancshares Inc. announced that they have entered into a definitive agreement for the merger of Asia Bancshares into Cathay. Mr. Jentai Tsai has agreed to join Cathay Bank as Chairman of its Advisory Board in the Eastern Region. Mr. Jentai Tsai is Chairman of the Board and Chief Executive Officer of Asia Bancshares.

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