Cathay General Bancorp is the holding company of Cathay Bank, which offers commercial banking services to individuals and businesses, as well as 10 limited partnerships that invest in affordable housing and GBC Venture Capital, Inc. Incorporated in 1961, the company operates internationally and maintains its headquarters in Los Angeles, California.
Through Cathay Bank, the company provides a wide range of business loans, including commercial mortgage loans, commercial loans, United States Small Business Administration (SBA) loans and real estate construction loans. The bank also offers residential mortgage loans, home equity lines of credit and instalment loans for automobile, household and other consumer expenditures. As of 1 March, 2022, Cathay Bank operates branches in California, New York, Washington, Illinois, Texas, Maryland, Massachusetts, Nevada, New Jersey and Hong Kong.
In February 2022, Cathay General Bancorp announced the completion of its acquisition of HSBC Bank USA, National Association’s West Coast consumer banking business. The acquisition added an additional 10 retail branches in California to Cathay General Bancorp’s offerings. Cathay General Bancorp stock is listed on the NASDAQ GS under the ticker CATY. The company has been listed on the exchange since January 1991.
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