Cathay General Bancorp · Los Angeles, CA United States ·(NASDAQ (GS): CATY)
Company Description
Phone: 213-625-4700
Fax: 213-625-1368
Rankings
- S&P 400
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This link will open in a new window Cathay General Bancorp is the holding company for Cathay Bank, which serves Chinese and Vietnamese communities from some 30 branches in California, and about 20 more in Illinois, New Jersey, New York, Massachusetts, Washington, and Texas. It also has offices in Hong Kong, Shanghai, and Taipei. Catering to small businesses and low- to middle-income consumers, the bank offers standard deposit services and loans. Commercial mortgages account for more than half of the bank's portfolio; business loans comprise more than 20%. The bank's Cathay Wealth Management unit offers online stock trading, mutual funds, and other investment products and services through an agreement with PrimeVest . To read the full description, subscribe now.
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Key Cathay General Bancorp Financials
| Company Type | Public - NASDAQ (GS): CATY Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $314.1 |
| 2008 Employees | 1,044 |
Cathay General Bancorp Executives
37 executives listed for Cathay General Bancorp's Los Angeles, CA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Cathay General Bancorp and Cathay Bank | Dunson Cheng | Network |
| Executive Vice Chairman and COO, Cathay General Bancorp and Cathay Bank | Peter Wu | Network |
| Vice Chairman Emeritus, Cathay General Bancorp and Cathay Bank | George Ching | Network |
Competition
Competitive Landscape for Cathay General Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Cathay General Bancorp Competitors
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