Cathay General Bancorp

Los Angeles-based holding company for regional lender Cathay Bank

What Cathay General Bancorp does

Cathay General Bancorp owns Cathay Bank, a U.S. commercial bank that serves individuals, professionals, and small to medium-sized businesses. It takes deposits through checking, savings, and CD accounts, and it lends for commercial property, business needs, homes, and construction. It also offers trade finance, foreign exchange, and investment and insurance products.

How Cathay General Bancorp makes money

It earns most of its money from net interest income, which is the gap between the interest it charges on loans (mainly commercial real estate, business, and residential mortgage loans) and the interest it pays on deposits. It also collects fees from services like trade finance, letters of credit, wire transfers, foreign exchange, and investment and insurance sales.

Products & services

• Commercial real estate loans
• Commercial and SBA loans
• Residential mortgages and home equity lines of credit
• Checking, savings, money market and CD deposit accounts
• Trade financing, letters of credit and foreign exchange contracts
• Investment, insurance and advisory services