LOS ANGELES, Oct. 21, 2020 /PRNewswire/ -- Cathay General
Bancorp (Nasdaq: CATY), the holding company of Cathay Bank,
celebrated the 30th anniversary of its listing on the Nasdaq Global
Select Market today. The occasion was marked by a virtual ringing
of the opening bell at the Nasdaq MarketSite in New York City, with remote attendance by the
Cathay General Bancorp board of directors and executive team.
"We have come a long way since then, achieving milestone
successes which were only possible with the support of our
shareholders, customers and employees. We are truly grateful for
their confidence in us over many years," said Dunson K. Cheng, Executive Chairman of Cathay
General Bancorp.
"Our commitment to deliver a best-in-class customer experience
and maintain our focus on personalized financial services have
contributed to our steady growth through the years. Our record of
strength and stability is why we have earned investors' trust
and customer loyalty, and remain a key player in our communities,"
said Chang M. Liu, President and CEO
of Cathay General Bancorp and Cathay Bank.
Cathay General Bancorp went public in 1990 with $660 million in assets, seven branches in
California and representative
offices in Hong Kong and
Taipei. Today, its assets have
grown to over $19 billion, with 61
branches across its nine-state footprint, one branch in
Hong Kong, as well as
representative offices in Beijing,
Shanghai and Taipei.
Cathay General Bancorp was the first bank holding company
founded by Chinese Americans to become publicly listed on Nasdaq.
Cathay was then added as a member of the Nasdaq Financial-100 Index
in 2000 and in 2005 became the first company founded by Chinese
Americans to be part of the S&P Mid-Cap 400 Index. Cathay
General Bancorp has been on Forbes' Top 20 Best Banks in America
list for five years in a row.
The Cathay General Bancorp Nasdaq Opening Bell Ceremony can be
watched at https://youtu.be/pdfpjz-d9Og
About Cathay General Bancorp
Cathay General Bancorp is
the holding company for Cathay Bank, a California state-chartered bank. Cathay
General Bancorp's website is found at www.cathaygeneralbancorp.com.
Founded in 1962, Cathay Bank offers a wide range of financial
services. Cathay Bank currently operates 38 branches in
California, 10 branches in
New York State, four in
Washington State, three in
Illinois, two in Texas, one in Maryland, one in Massachusetts, one in Nevada, one in New
Jersey, one in Hong Kong,
and a representative office in Beijing, Shanghai and Taipei. Cathay Bank's website is found at
www.cathaybank.com.
Contact:
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Georgiana
Choi
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(626)
279-3519
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SOURCE Cathay Bank