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Celebrating 60 years

More than just a bank.

We proudly celebrate our 60th anniversary this year. Since day one, you’ve inspired us to go above and beyond, and we could not have sustained six decades of success without your trust and support.

Here’s to many more years of empowering clients like you to confidently pursue your dreams, supported by our hard work and heart.

Our anniversary is a time to celebrate our history, but it also marks a new chapter. As our journey continues, we will evolve alongside our clients to open even more doors to opportunities. And we will embrace our future with the same hard work and heart that has always defined us.”

— Chang M. Liu, President & CEO, Cathay Bank

 

Join us as we look back on the last 60 years.

Proudly going above and beyond — together


Modest beginnings

1962

Cathay Bank opened our doors as the first commercial bank in Southern California founded by Chinese Americans. 

Six of the seven founding members of Cathay Bank posing in front of Cathay Bank’s first location

A proud new presence in Los Angeles Chinatown

1966

Our flagship location in Los Angeles Chinatown opened and remains a cultural landmark.

Cathay Bank’s Los Angeles Chinatown Branch

Taking a swing for the community

1977

Cathay Bank hosted our first annual charity golf tournament, which has raised almost $2 million through the years for local non-profits to help support our communities. 

A close-up of a Cathay Bank-branded golf ball and golf club on a golf course

Opening up overseas opportunities

1985

We expanded our footprint internationally, establishing a Hong Kong representative office, which later became a full-service branch in 2007. Cathay Bank also maintains overseas representative offices in Beijing, Shanghai, and Taipei.

Opening ceremony of Cathay Bank’s Hong Kong branch

Cathay goes public!

1990

Cathay General Bancorp successfully underwent its initial public offering and listing on Nasdaq as CATY — a reflection of the public’s confidence in our ability and strength.

Cathay celebrating its 55th anniversary at the opening bell ceremony at Nasdaq

Branching into new territory

1999

Cathay Bank continued to expand into new markets, heading east to New York, home to the second largest Chinese American community in the U.S.  

The exterior of Cathay Bank’s New York Chinatown Branch

Lifting our communities up

2002

The Cathay Bank Foundation was founded with a mission to help local communities thrive through strategic relationships and resources, supporting community organizations that positively impact the social, economic, educational, cultural, and overall wellbeing of our communities.

Cathay Bank team member volunteering in at financial literacy workshop for students

Creating a powerhouse

2003

Cathay Bank merged with General Bank, resulting in the then largest bank founded by Chinese Americans.

Dunson K. Cheng, Chairman of the Board, President, and Chief Executive Officer, Cathay Bancorp, and Peter Wu, Chairman, President and CEO of General Bank and GBC Bancorp, at the time of the merger, shook hands.

Thank you for inspiring us to excel!

2016

Since 2016, Cathay Bank has been ranked top 20 on the Forbes Best Banks in America list for six consecutive years.

Logo of Top 20 of Forbes 2021 Best Banks in America

Giving back to our communities

2021

Cathay Bank committed $1 million to expand our support for organizations that promote justice and equality for Asian Americans.

Cathay Bank Foundation posted with representatives of various nonprofit organizations in a check donation ceremony.

We’re expanding!

2021

Cathay announced our 10th acquisition — the purchase of HSBC’s West Coast retail operations — continuing our long-standing tradition of expanding our reach.

A desktop screen showing the homepage of the Cathay Bank website.

Growing as we help our clients flourish

2021

Cathay General Bancorp surpassed $19 billion in assets. 

Cathay Bank Corporate Center

The road ahead

2022

We are investing in the client experience by evolving with our clients’ needs: developing a wider range of digital services and exploring new financial technologies to further streamline and simplify banking.

A desktop screen showing the product page of Zelle® the Cathay Bank website.

 

Cathay Bank 60th anniversary logo

 

 


 

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