Cathay General Bancorp, Cathay Bank’s holding company, celebrated the 30th anniversary of its listing on the Nasdaq Global Select Market (Nasdaq: CATY) with a virtual ringing of the opening bell at the Nasdaq MarketSite in New York City on October 21. The Cathay General Bancorp board of directors and the bank’s executive team attended remotely.
“We have come a long way since 1990, achieving milestone successes which were only possible with the support of our shareholders, customers and employees,” said Dunson K. Cheng, Executive Chairman of Cathay General Bancorp. “We are truly grateful for their confidence in us over many years.”
Cathay General Bancorp went public in 1990 with $660 million in assets, seven branches in California and representative offices in Hong Kong and Taipei. Today, its assets have grown to over $19 billion, with 61 branches across its nine-state footprint, one branch in Hong Kong, as well as representative offices in Beijing, Shanghai and Taipei.
Cathay General Bancorp was the first bank holding company founded by Chinese Americans to become publicly listed on Nasdaq. Cathay was then added as a member of the Nasdaq Financial 100 Index in 2000 and in 2005 became the first company founded by Chinese Americans to be part of the S&P Mid-Cap 400 Index. Cathay General Bancorp has been on Forbes’ Top 20 Best Banks in America list for five years in a row.
“Our commitment to deliver a best-in-class customer experience and maintain our focus on personalized financial services has contributed to our steady growth through the years,” said Chang M. Liu, President and CEO of Cathay General Bancorp and Cathay Bank. “Our record of strength and stability is why we have earned investors’ trust and customer loyalty, and remain a key player in our communities.”