Cathy Bank’s President and Chief Executive Officer, Mr. Chang M. Liu, has been appointed by the Federal Reserve Bank of San Francisco to serve as a member on its Los Angeles Branch Board of Directors.
Moreover, Mr. Liu has been elected as a California member director by the Federal Home Loan Bank of San Francisco and to serve a four-year term between January 1, 2023, and December 31, 2026.
“I am incredibly honored and excited to take on both of these new roles. I look forward to working with the San Francisco Fed and FHLBank San Francisco to help create new opportunities in the region and build strong communities,” said Mr. Liu
The Federal Reserve Bank of San Francisco represents the Twelfth District of the Federal Reserve System — the central bank of the United States. The Twelfth District comprises nine western states — Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington — plus the Northern Mariana Islands, American Samoa, and Guam.
The Federal Home Loan Bank of San Francisco is a cooperatively owned wholesale bank helping local lenders in Arizona, California, and Nevada build strong communities, create opportunities, and improve lives.
This article does not constitute legal, accounting or other professional advice. Although the information contained herein is intended to be accurate, Cathay Bank does not assume liability for loss or damage due to reliance on such information.