Cathay General Bancorp (CATY)

Cathay General Bancorp (CATY) Stock Quote Information

Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses primarily in California. Its deposit products include passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The company?s loan portfolio comprises commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit. It also offers installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company provides letters of credit, wire transfers, forward currency spot and forward contracts, traveler?s checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, and other customary bank services. As of December 31, 2009, Cathay General Bancorp had 20 branches in southern California, 11 branches in Northern California, 8 branches in New York State, 1 branch in Massachusetts, 2 branches in Texas, 3 branches in Washington State, 3 branches in Illinois, 1 branch in New Jersey, and 1 branch in Hong Kong, as well as 2 representative offices in China and Taiwan. The company was founded in 1961 and is based in Los Angeles, California.