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Cathay General Bancorp (CATY)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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31.15+1.95 (+6.68%)
At close: 4:00PM EST

31.15 0.00 (0.00%)
After hours: 4:13PM EST

Cathay General Bancorp

777 North Broadway
Los Angeles, CA 90012
United States
213-625-4700
http://www.cathaygeneralbancorp.com

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees1,219

Key executives

NameTitlePayExercisedYear born
Mr. Dunson K. ChengExec. Chairman1.67MN/A1945
Mr. Chang Ming LiuCEO, Pres & Director703.97kN/A1967
Mr. Heng W. ChenExec. VP, CFO & Treasurer861.33kN/A1953
Mr. Irwin WongSr. Exec. VP & Chief Admin. Officer of Cathay Bank834.46kN/A1949
Ms. Georgia LoAssistant Sec. & Investor RelationsN/AN/AN/A
Mr. Weston BarkwillChief Internal AuditorN/AN/AN/A
Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, and other customary bank services, as well as securities and insurance products. As of October 26, 2020, it operated 38 branches in California; 10 branches in New York; 3 branches in Illinois; 4 branches in Washington; 2 branches in Texas; and 1 each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as 1 representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

Corporate governance

Cathay General Bancorp’s ISS governance QualityScore as of 1 November 2019 is 6. The pillar scores are Audit: 3; Board: 7; Shareholder rights: 5; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.