January 31, 2015 8:36 AM ET


Company Overview of Cathay Bank

Company Overview

Cathay Bank provides personal and commercial banking and financial products and services. It offers personal banking services, including savings accounts, checking accounts, credit and debit cards, CDs, IRAs, auto loans, mortgage loans, and home equity financing; and foreign exchange services. The company also provides business banking services, including business checking and savings account, CDs, cash management services, merchant deposit capture, zero balance accounts, lockbox services, merchant bankcard services, courier deposit services, armored transport services, cash vault services, business online banking, loans, commercial financing, real estate and construction financing, internat...

9650 Flair Drive

El Monte, CA 91731

United States

Founded in 1961





Key Executives for Cathay Bank

Age: 69
Chief Financial Officer
Age: 61
Executive Vice President
Age: 51
Chief Retail Administration & Regulatory Affairs Officer and Senior Executive Vice President
Age: 65
Chief Risk Officer and Executive Vice President
Age: 57
Compensation as of Fiscal Year 2014.

Cathay Bank Key Developments

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.

Peter Wu to Retire from the Position of Chief Operating Officer of Cathay General Bancorp and Cathay Bank

On June 18, 2014, Cathay General Bancorp announced that Peter Wu gave notice of his intention to retire from the position of Chief Operating Officer of the company and of Cathay Bank, effective July 1, 2014. His resignation was accepted by the boards of directors of the Company and of Cathay Bank on June 19, 2014. While he will no longer hold his position of Chief Operating Officer, he will continue as an Executive Vice Chairman and a director of the company and of Cathay Bank.

Cathay Bank Announces Executive Changes

On December 18, 2013, the Board of Directors of Cathay Bank elected Irwin Wong as Senior Executive Vice President and Chief Retail Administration and Regulatory Affairs Officer of the company. His previous responsibilities as Chief Risk Officer will be assumed by Kim R. Bingham, Executive Vice President, who has served as Chief Credit Officer of the company. Donald S. Chow was elected as Executive Vice President and Chief Credit Officer of the company to succeed Mr. Bingham as Chief Credit Officer. Also, Perry Oei was elected as Executive Vice President, General Counsel, and Secretary of the Cathay General Bancorp and Cathay Bank, having previously served as Senior Vice President, General Counsel, and Secretary. All such changes become effective January 1, 2014.

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