Company
Cathay General Bancorp
Headquarters: Los Angeles, CA, United States
Founded: April 19, 1962
Employees: 1,156
CEO: Mr. Chang Ming Liu
Market Cap
$3.16 Billion
USD as of Jan. 1, 2024
Cathay General Bancorp Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $167.72 B |
| China Merchants Bank | $98.57 B |
| Al Rajhi Banking and Investment Corp | $93.33 B |
| ICICI Bank Limited | $83.47 B |
| BNP Paribas SA | $80.01 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
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Stocks & Indices
Cathay General Bancorp has the following listings and related stock indices.
Stock: NASDAQ: CATY wb_incandescent
Stock: FSX: CN7 wb_incandescent
Product & Services
Banking
Key People
Dunson K. Cheng (Executive Chairman) Chang Liu (President & CEO) Heng W. Chen (Executive Vice President & CFO)
Financials
Revenue: US$ 537.40 million (2020)
Operating income: US$ 228.90 million (2020)
Net income: US$ 228.90 million (2020)
Total assets: US$ 19 billion (2020)
Total equity: US$ 2.42 billion (2020)