LOS ANGELES, March 31, 2021 /PRNewswire/ -- Cathay Bank is
pleased to announce it has opened a new Commercial Banking office
in Woodland Hills, which will
cover businesses in the San Fernando Valley, portions of
West Los Angeles, the Santa
Clarita Valley and Ventura County.
The new office houses a growing team of veteran commercial lenders
with long-standing professional ties in the Valley.
Jim Haney, Executive Vice
President and Chief Lending Officer, stated, "We are delighted to
increase our physical presence in the San Fernando Valley, to
expand our commercial banking team and bring them closer to the
businesses they serve. We are confident that their experience and
knowledge will contribute towards the growth of our customers and
success of the Bank."
Led by Jeffrey Heisinger, Senior
Vice President, the team provides a complete spectrum of commercial
banking services provided by Cathay Bank including working capital
lines of credit, commercial real estate loans, equipment lending,
operating accounts, treasury management services, as well as
international financing and foreign exchange. Cathay Bank also
participates in the PPP loan program.
"I'm excited to expand the bank's reach and deliver a wide range
of commercial banking solutions to the region's business
community," stated Heisinger. "Cathay Bank was founded as a
commercial bank in Los Angeles
over 50 years ago, and we look forward to introducing our unique
brand of banking to new customers."
The San Fernando Valley Commercial Banking Office is located at
6320 Canoga Avenue in Woodland
Hills. It joins the bank's Northridge branch at 9045 Corbin Ave. in
serving the greater San Fernando Valley region.
About Cathay Bank
Cathay Bank, a subsidiary of Cathay
General Bancorp (Nasdaq: CATY), offers a wide range of financial
services through nine states in the U.S. as well as a branch in
Hong Kong and representative
offices in Beijing, Shanghai, and Taipei. Founded in 1962 to support
Los Angeles' growing Chinese
American community, in the past half century the bank has expanded
and grown with its customers, providing them with the tools and
services they need to achieve their goals. Learn more
at cathaybank.com. FDIC insurance coverage is limited to
deposit accounts at Cathay Bank's U.S. domestic branch
locations.
Contact:
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Chris Lu
|
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(626)
279-3837
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SOURCE Cathay Bank