Cathay General Bancorp

Cathay General Bancorp is the holding company for Cathay Bank, a commercial bank serving individuals, professionals, and small to medium-sized businesses in the United States. The bank offers a wide range of deposit products including savings accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. On the lending side, it provides commercial real estate loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans for household and consumer expenditures. Additionally, Cathay Bank offers trade financing, letters of credit, wire transfers, foreign currency spot and forward contracts, safe deposit boxes, overdraft protection, cash checking, ATM services, internet banking, and investment products such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.

Cathay General Bancorp is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol CATY. The company's financials and stock trades are denominated in US Dollars (USD), reflecting its operations based in the United States. As a US-based regional bank holding company, its reporting currency and the currency in which it conducts its business is the US Dollar.

Cathay General Bancorp operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank holding company that provides traditional banking services to local communities and businesses. Regional banks like Cathay General typically focus on a specific geographic area, offering deposit accounts, loans, and other financial services tailored to the needs of individuals and small to medium-sized enterprises in their region.

Cathay General Bancorp is headquartered in Los Angeles, California, and serves customers primarily in the United States. Founded in 1962, the company operates through its subsidiary Cathay Bank, which provides commercial banking products and services to individuals, professionals, and small to medium-sized businesses. While its main market is the US, the bank also offers international services such as trade financing, letters of credit, and foreign currency exchange, indicating support for clients with cross-border needs. The company was originally known as Cathay Bancorp, Inc. before rebranding to Cathay General Bancorp in November 2003.

Cathay General Bancorp generates revenue primarily through net interest income from its lending and deposit activities. It earns interest on loans such as commercial real estate loans, commercial loans, residential mortgages, construction loans, home equity lines of credit, and consumer installment loans. The bank also earns fee income from services including trade financing, letters of credit, wire transfers, foreign currency exchange, safe deposit boxes, and overdraft protection. Additionally, it offers investment products and services like stocks, bonds, mutual funds, insurance, and annuities, which may generate commissions or advisory fees. Deposits, including checking, savings, money market, and certificates of deposit, provide the funding for its loan portfolio.