Cathay General Bancorp Ranked Ninth by S&P Global Market Intelligence

2021 amid U.S. general public financial institutions with much more than $10 billion in property

LOS ANGELES, April 08, 2022–(Business enterprise WIRE)–Cathay Common Bancorp, the holding firm of Cathay Financial institution, attained the ninth place on the 2021 S&P World wide Market place Intelligence rating of U.S. community banks by monetary overall performance. The assessment seemed at U.S. general public banks traded on key exchanges this sort of as Nasdaq, NYSE, or NYSEAM with a lot more than $10 billion in total assets as of December 31, 2021.

“We are happy to be a person of the major 10 U.S. public financial institutions,” claimed Chang M. Liu, President and CEO. “The recognition arrived at a fortuitous time as this calendar year marks Cathay Bank’s diamond jubilee. Our good results is a immediate reflection of the hard get the job done and devotion of our total staff.”

The S&P Worldwide Current market Intelligence ranked businesses, employing calendar-12 months details and GAAP facts, dependent on three significant classes and bodyweight: progress (35%), profitability (35%), and safety and soundness (30%).

This yr, the U.S. publicly traded banks with belongings of extra than $10 billion rating is a new group for S&P Global Marketplace Intelligence. In the past, S&P World Market Intelligence rated overall performance of group banking institutions and credit history unions in the categories of group banking companies with assets amongst $3 billion and $10 billion, local community financial institutions with assets underneath $3 billion, and top rated-executing credit rating unions.

About Cathay Financial institution

Cathay Financial institution, a subsidiary of Cathay Normal Bancorp (Nasdaq: CATY), opened its doorways in 1962 in Los Angeles to serve the rising immigrant local community. Today, we work about 60 branches throughout the U.S., with a branch in Hong Kong, and agent places of work in Beijing, Shanghai, and Taipei. In 2022, we proudly rejoice our diamond jubilee. While a great deal has transformed in excess of 6 many years, our pursuit and determination has only grown stronger. Then, now, and generally, we go previously mentioned and over and above, so you can, also. Find out much more at cathaybank.com. FDIC coverage protection is restricted to deposit accounts at Cathay Bank’s U.S. domestic department locations.

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Contacts

Rex Hong
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