CATY - Cathay General Bancorp

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Cathay General Bancorp

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

SectorFinancial
IndustryRegional - Pacific Banks
Full Time Employees1,277

Key Executives

NameTitlePayExercisedYear Born
Mr. Dunson K. ChengExec. Chairman1.57MN/A1945
Mr. Pin TaiCEO & Director1.39MN/A1954
Mr. Heng W. ChenExec. VP, CFO & Treasurer891.55kN/A1953
Mr. Irwin WongSr. Exec. VP & Chief Admin. Officer of Cathay Bank861.64kN/A1949
Mr. Kim R. BinghamExec. VP & Chief Risk Officer of Cathay Bank643.89kN/A1957
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is 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 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, trade financing, and other customary bank services, as well as securities and insurance products. As of December 31, 2018, it operated 26 branches in Southern California; 14 branches in Northern California; 11 branches in New York; 3 branches in Illinois area; 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 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 October 4, 2019 is 6. The pillar scores are Audit: 3; Board: 7; Shareholder Rights: 5; Compensation: 4.

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 a 10 indicates higher governance risk.