Cathay General Bancorp Ranked Ninth by S&P Global Market Intelligence
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2021 amongst U.S. community banks with extra than $10 billion in belongings
LOS ANGELES, April 08, 2022–(Enterprise WIRE)–Cathay Common Bancorp, the holding enterprise of Cathay Financial institution, gained the ninth location on the 2021 S&P International Industry Intelligence rating of U.S. community banking companies by economic effectiveness. The investigation appeared at U.S. public financial institutions traded on key exchanges such as Nasdaq, NYSE, or NYSEAM with far more than $10 billion in complete assets as of December 31, 2021.
“We are happy to be one of the major 10 U.S. general public banking institutions,” stated Chang M. Liu, President and CEO. “The recognition arrived at a fortuitous time as this 12 months marks Cathay Bank’s diamond jubilee. Our achievement is a immediate reflection of the difficult function and determination of our full group.”
The S&P Worldwide Market place Intelligence ranked corporations, utilizing calendar-year facts and GAAP details, based on three important types and body weight: growth (35%), profitability (35%), and security and soundness (30%).
This calendar year, the U.S. publicly traded banks with property of much more than $10 billion position is a new group for S&P World wide Current market Intelligence. In the past, S&P World-wide Sector Intelligence rated overall performance of community banking institutions and credit unions in the types of group banking institutions with belongings amongst $3 billion and $10 billion, group banks with assets underneath $3 billion, and leading-performing credit history unions.
About Cathay Financial institution
Cathay Financial institution, a subsidiary of Cathay Standard Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to provide the increasing immigrant neighborhood. Currently, we work around 60 branches across the U.S., with a department in Hong Kong, and agent workplaces in Beijing, Shanghai, and Taipei. In 2022, we proudly rejoice our diamond jubilee. Whilst much has transformed about six decades, our pursuit and commitment has only grown more powerful. Then, now, and often, we go earlier mentioned and over and above, so you can, far too. Find out a lot more at cathaybank.com. FDIC insurance protection is minimal to deposit accounts at Cathay Bank’s U.S. domestic branch spots.
Watch source version on businesswire.com: https://www.businesswire.com/information/household/20220408005577/en/
Contacts
Rex Hong
626-279-3250
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