FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported 		UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WONG IRWIN

2. Issuer Name and Ticker or Trading Symbol

CATHAY GENERAL BANCORP [CATY]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP - Branch Administration

(Last)          (First)          (Middle)

777 NORTH BROADWAY

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2007 
(Street)

LOS ANGELES, CA 90012

(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock   1/23/2007     J   (1) 12.777   A $32.3829   9896.69   (2) D  
 
Common Stock   4/24/2007     J   (1) 15.114   A $32.0283   9896.69   D  
 
Common Stock   7/24/2007     J   (1) 15.36   A $31.6186   9896.69   D  
 
Common Stock   10/23/2007     J   (1) 16.083   A $30.2974   9896.69   D  
 
Common Stock   12/31/2007     J   (3) 218   A $31.5818   15941   (2) I   By ESOP  

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   $10.625                 1/20/2005   (4) 1/20/2010   Common Stock   3576     3576   D  
 
Stock Option   $15.0475                 1/18/2005   (4) 1/18/2011   Common Stock   6448     10024   D  
 
Stock Option   $16.275                 2/21/2005   (4) 2/21/2012   Common Stock   11088     21112   D  
 
Stock Option   $19.925                 1/16/2005   (5) 1/16/2013   Common Stock   30064     51176   D  
 
Stock Option   $24.80                 11/20/2004   (6) 11/20/2013   Common Stock   143040     194216   D  
 
Stock Option   $37.00                 2/17/2006   (7) 2/17/2015   Common Stock   32580     226796   D  
 
Stock Option   $36.24                 1/25/2007   (8) 1/25/2016   Common Stock   31000     257796   D  
 

Explanation of Responses:
( 1)  Dividend Reinvestment.
( 2)  ESOP distribution of 5,240 shares to his individual IRA account on 4/3/07.
( 3)  ESOP Earning Allocation.
( 4)  The option is fully exercisable.
( 5)  The option vests in 4 equal annual installments beginning 1/16/05.
( 6)  The option vests in 5 equal annual installments beginning 11/20/04.
( 7)  The option vests in 5 equal annual installments beginning 2/17/06.
( 8)  The option vests in 5 equal annual installments beginning 1/25/07.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WONG IRWIN
777 NORTH BROADWAY
LOS ANGELES, CA 90012

EVP - Branch Administration

Signatures
Irwin Wong 2/8/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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