Cathay General Bancorp

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Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California. It was founded in 1962 and is currently one of the largest banks in the United States focused on serving the Chinese American community.
The company’s main subsidiary, Cathay Bank, operates over 60 branches in California, Illinois, Massachusetts, Nevada, New Jersey, New York, Texas, and Washington. The bank provides a wide range of financial services including personal and business banking, home loans, and international banking.
Cathay General Bancorp is publicly traded on the NASDAQ stock exchange under the ticker symbol CATY. As of 2021, it has total assets of over $21 billion and employs over 1,200 people. The company’s mission is to provide financial services to diverse communities, with a particular focus on the Chinese American community.
In addition to its banking operations, Cathay General Bancorp is also involved in charitable and community initiatives. It has partnered with organizations such as the American Red Cross and the United Way to support disaster relief efforts and local community programs. The company also has a program called Go Beyond which encourages employees to volunteer and give back to their communities.
Cathay General Bancorp has received recognition for its financial performance, diversity and inclusion efforts, and community involvement. In 2020, it was named one of the Best Banks in America by Forbes and ranked as one of the Top 50 Corporate Philanthropists by the Los Angeles Business Journal. The company has also been recognized as a leader in diversity and inclusion by organizations such as Forbes and Fortune.

1. Strong Asian-American focus: Cathay General Bancorp caters primarily to the needs of the Asian-American community in the United States, making it a key player in this niche market. They offer services in multiple Asian languages and have a deep understanding of the cultural and financial needs of their target demographic.
2. Growth and stability: The company has shown consistent growth and profitability over the years, indicating its strong financial stability. It has also weathered economic downturns, making it a reliable and resilient company in the banking sector.
3. Diverse product portfolio: Cathay General Bancorp offers a wide range of banking and financial products and services, including commercial and consumer banking, wealth management, and international trade finance. This diversity allows it to cater to the diverse needs of its customers and generate multiple streams of revenue.
4. Strong reputation: The company has built a strong reputation for providing high-quality, personalized service to its customers. This has helped in customer retention and attracting new business.
5. Technologically advanced: Cathay General Bancorp has embraced technology and has invested in making its services more efficient and convenient for its customers. This includes online and mobile banking options and advanced digital features, making it a pioneer in the digital banking space.
6. Socially responsible: The company has a strong commitment to corporate social responsibility, focusing on initiatives to support its local communities in areas such as education, health, and affordable housing. This has helped it to build a positive brand image and a sense of trust among its customers.