Cathay General Bancorp - Common Stock (CATY)
Frequently Asked Questions About Cathay General Bancorp - Common Stock (CATY)
How can I invest in Cathay General Bancorp?
To invest in Cathay General Bancorp, you can purchase shares through a brokerage account. You can use online trading platforms or work with a financial advisor who can buy shares on your behalf. Make sure to conduct thorough research on the company's financial performance and outlook before making investment decisions.
How does Cathay General Bancorp address regulatory compliance?
Cathay General Bancorp is committed to regulatory compliance and follows stringent guidelines set forth by federal and state banking regulators. The company implements robust compliance programs and conducts regular training for employees to ensure adherence to necessary regulations, including anti-money laundering laws and consumer protection standards.
How does Cathay General Bancorp ensure customer security?
Cathay General Bancorp places a high priority on customer security and privacy. The bank employs various security measures such as advanced encryption technology, multi-factor authentication, and regular security audits to protect customer data and financial transactions. Additionally, the bank educates customers about cybersecurity best practices to help them safeguard their personal information.
Is Cathay General Bancorp publicly traded?
Yes, Cathay General Bancorp is publicly traded on the Nasdaq under the ticker symbol CATY. As a publicly traded company, Cathay General Bancorp is subject to the regulations of the Securities and Exchange Commission (SEC) and is required to disclose its financial performance and operations to its shareholders.
What are the future growth plans for Cathay General Bancorp?
Cathay General Bancorp has outlined plans for future growth that include expanding its branch network, enhancing digital banking services, and developing new financial products tailored to the evolving needs of its customer base. The bank aims to leverage technology to improve customer experience and operational efficiency while maintaining strong community ties.
What community initiatives does Cathay Bank engage in?
Cathay Bank is actively involved in various community initiatives, focusing on financial literacy, education, and community development. The bank often collaborates with local organizations to support cultural programs, small business development, and affordable housing efforts, aiming to create a positive social impact and support the communities they serve.
What differentiates Cathay General Bancorp from other banks?
Cathay General Bancorp differentiates itself from other banks through its focused commitment to serving the Asian-American community and its emphasis on multicultural banking solutions. The bank's staff often comprises bilingual employees who better connect with clients from diverse backgrounds, fostering an inclusive and personalized banking experience.
What does Cathay General Bancorp do?
Cathay General Bancorp is a bank holding company based in the United States. It primarily operates through its wholly-owned banking subsidiary, Cathay Bank, which provides a range of financial services including commercial banking, personal banking, and wealth management. The company serves customers in various markets, focusing on the Asian-American community while also expanding its footprint to mainstream banking services.
What is Cathay General Bancorp’s dividend policy?
Cathay General Bancorp has a history of paying dividends to its shareholders. The company typically aims to demonstrate its commitment to returning value to investors while balancing the need for reinvestment in its operations. Dividend payments and policies may vary based on performance and strategic objectives, so shareholders should review the company's announcements for the most current information.
What is the company’s mission statement?
Cathay General Bancorp’s mission is to provide high-quality banking services that meet the diverse needs of their customers while contributing positively to the communities they serve. The company places emphasis on building lasting relationships with customers and fostering an environment of trust and financial empowerment.
What is the financial performance trend of Cathay General Bancorp?
Cathay General Bancorp has demonstrated a solid financial performance trend, with consistent growth in assets, deposits, and net income over recent years. Investors and analysts often review quarterly financial reports and annual earnings to assess trends, noting the company’s resilience in the face of economic challenges and its strategic initiatives to enhance profitability.
What is the size of Cathay General Bancorp’s asset base?
As of October 2023, Cathay General Bancorp has a significant asset base, amounting to billions of dollars. The company continues to grow its asset portfolio through strategic lending practices, careful management of deposits, and investment in services that resonate with its target markets. Detailed figures can be found in the company's latest financial statements.
What markets does Cathay General Bancorp operate in?
Cathay General Bancorp operates primarily in the United States, with branches in states like California, New York, Texas, and Illinois. Additionally, the bank has international locations in countries like China and Hong Kong, further expanding its services to the Asian-American and broader communities while facilitating international transactions.
What recent awards or recognitions has Cathay Bank received?
Cathay Bank has received numerous awards and recognitions for its outstanding service and commitment to the community. These accolades may include awards for customer service excellence, recognition for community engagement efforts, and honors in diversity and inclusion practices, acknowledging the bank's role in promoting equitable banking solutions.
What types of services does Cathay Bank offer?
Cathay Bank offers a comprehensive suite of banking services, including personal and business banking, commercial loans, mortgages, credit cards, and investment services. The bank is known for its customer-centric approach, providing tailored financial solutions to meet the unique needs of its clients.
When was Cathay General Bancorp founded?
Cathay General Bancorp was founded in 1962, and it has since grown to become one of the leading financial institutions in the ethnic banking sector. Initially established to cater to the banking needs of the Asian-American community in Southern California, the company has expanded its services and branches across various states in the U.S. and internationally.
Where is Cathay General Bancorp headquartered?
Cathay General Bancorp is headquartered in Los Angeles, California. The headquarters location reflects the company’s initial focus on the Asian-American community in Southern California, blending a diverse cultural environment with robust banking services aimed at serving varying customer needs.
Who are Cathay General Bancorp’s main competitors?
Cathay General Bancorp's main competitors include other regional banks and larger national banks that offer similar financial services. Competitors may include institutions like East West Bank, Citibank, and Bank of America, which also cater to diverse communities and small businesses.
Who is the CEO of Cathay General Bancorp?
As of October 2023, the CEO of Cathay General Bancorp is Pin Sim, who also serves as the President of the company. Under his leadership, the company has focused on growth strategies, including expanding its service offerings and enhancing customer experience, while maintaining a commitment to community involvement.
What is the current price of Cathay General Bancorp - Common Stock?
The current price of Cathay General Bancorp - Common Stock is 42.89
When was Cathay General Bancorp - Common Stock last traded?
The last trade of Cathay General Bancorp - Common Stock was at 4:00 pm EDT on April 2nd, 2025
What is the market capitalization of Cathay General Bancorp - Common Stock?
The market capitalization of Cathay General Bancorp - Common Stock is 3.12B
How many shares of Cathay General Bancorp - Common Stock are outstanding?
Cathay General Bancorp - Common Stock has 72.65M shares outstanding.