NASDAQ Opening Bell Ceremony to Celebrate Cathay Bank's 55th Anniversary

NEW YORK, Oct. 18, 2017 /PRNewswire/ -- Today, the holding company of Cathay Bank, Cathay General Bancorp was invited to the New York NASDAQ market site. Executive Chairman Mr. Dunson Cheng and CEO & President Mr. Pin Tai, rang the opening bell, along with the board of directors, executives and guests.

Mr. Cheng said, "Cathay Bank celebrated its 55^th anniversary this year, and 2017 also marks the 27^th year of public trade on NASDAQ. In the past half century, the company has significantly grown from one branch to over 50, with a network across nine states in the U.S., along with Hong Kong, and overseas representative offices in Shanghai and Taipei. By the end of 2016, the company's total asset amount reached $14.5 billion. Cathay General Bancorp went to public trade at NASDAQ in 1990, and is a member of the Standard & Poor's (S&P) Midcap 400 Index. The company was ranked in the top 20 of the best 100 banks in the U.S. by Forbes Magazine for the last two consecutive years. This year, the company continues to expand and complete the 10^th acquisition. We continue to dedicate our focus in serving the financial needs for the Chinese American community, Corporates, investors from China, and the community."

The Director of Cathay General Bancorp, President and Chief Executive Officer of Cathay Bank, Mr. Pin Tai, received an interview at today's ceremony. He said, "Cathay Bank has been a strong engine of the community economy. We assisted numerous customers and businesses to settle down in the U.S. Looking forward, Cathay Bank will hold onto the commitment to the employees, shareholders and the community. As always, we will do our best to help you achieve your vision."

About Cathay Bank

Cathay Bank is a subsidiary of Cathay General Bancorp (NASDAQ: CATY). Founded in 1962, Cathay Bank offers a wide range of financial services. Cathay Bank currently operates 34 branches in California, 12 in New York State, three in the Chicago, Illinois area, three in Washington State, two in Texas, one in Maryland, one in Massachusetts, one in Nevada, one in New Jersey, one in Hong Kong, and a representative office in Taipei and in Shanghai. Cathay Bank's website can be found at www.cathaybank.com. FDIC insurance coverage is limited to deposit accounts at Cathay Bank's U.S. domestic branch locations.

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SOURCE Cathay Bank