October 23, 2016 7:40 PM ET


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





Key Executives for Cathay Bank

Chief Executive Officer, President, Director, Chief Executive Officer of Cathay General Bancorp and President of Cathay General Bancorp
Age: 62
Executive Chairman and Executive Chairman of Cathay General Bancorp
Age: 71
Chief Financial Officer, Executive Vice President, Chief Financial Officer of Cathay General Bancorp and Executive Vice President of Cathay General Bancorp
Age: 63
Chief Operating Officer and Senior Executive Vice President
Age: 67
Executive Vice Chairman, Member of Credit Committee and Executive Vice Chairman of Cathay General Bancorp
Age: 62
Compensation as of Fiscal Year 2016.

Cathay Bank Key Developments

Cathay Bank Announces Management Changes

Cathay Bank announced that Dunson K. Cheng has notified the company of his intention to retire from his position as CEO of the company, effective September 30, 2016. Mr. Cheng will continue as Executive Chairman of the company. In accordance with the company's succession plan, the Boards of Directors of the company appointed Mr. Pin Tai as CEO of the company and Mr. Cheng as Executive Chairman of the company, effective October 1, 2016. Tai is currently the President of Cathay Bank. Pin has served in several key management roles during his 17-year tenure with Cathay. He was instrumental in the development of the company's East Coast footprint and, under his direction while serving as the Chief Lending Officer. Dunson K. Cheng has led the Cathay Bank for more than 30 years. He became a Director of Cathay Bank in 1982 and has been a Director of the company since it was formed as a bank holding company in 1990.

Cathay Bank Announces the Appointment of Kelly Wu as Executive Vice President, Corporate Banking Division

Cathay Bank announced the appointment of Mr. Kelly Wu as Executive Vice President, Corporate Banking Division. Mr. Wu is highly respected in the commercial lending sector. He has 24 years of experience in commercial and asset-based lending and has developed an extensive network of corporate customers, both publicly traded and privately held, and industry professionals. Prior to joining Cathay Bank, Mr. Wu held management positions with MUFG Union Bank which included leading a corporate and middle market banking group as a Regional Manager for MUFG Union Bank and driving the group to a double digit compounded annual growth rate both in assets and core earnings. Mr. Wu's most recent role was as Managing Director overseeing originations for the asset-based lending product for the Commercial Finance Division of MUFG Union Bank.

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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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