A Compelling Case for Cathay General

S&P likes the bank's focus on the growing Chinese-American community and rates the shares strong buy

We are optimistic about Cathay General Bancorp's (CATY: $34) focus on the Chinese-American community, and on the expected growth rates in this market. According to the U.S. Census Bureau, this population segment is expected to grow by about 8% to 10% over the decade ending 2010, vs. 3% to 5% for the total U.S. population.

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