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Cathay Bank (traditional Chinese: 國泰銀行; simplified Chinese: 国泰银行; pinyin: Guótài Yínháng) is a Chinese American bank founded in 1962. Cathay is headquartered in Chinatown, Los Angeles , with a corporate center in nearby El Monte, California .
The San Gabriel Valley region of Los Angeles County is the single largest concentration of combined Chinese and Taiwanese Americans in the country, [13] having a collections of U.S. suburbs with large foreign-born Chinese-speaking populations, ranging from working-class individuals residing in Rosemead and El Monte to wealthier immigrants ...
Continuing east from Rosemead further along Valley are the largely Hispanic communities of El Monte and La Puente and large industrial tracts, including those that dominate the City of Industry. This ten-mile-long (16 km), largely industrial corridor includes many Asian owned wholesale businesses, including importers of electronics, food and ...
Asia Bank, N.A. (Asia Bank, National Association) was an Overseas Chinese bank with offices in the Northeastern United States founded in 1984. [1]On January 21, 2015, Asia Bancshares, the holding company for Asia Bank, entered into a definitive agreement with Cathay General Bancorp, the holding company for Cathay Bank, for the merger of Asia Bancshares into Cathay. [2]
Independent Bank Rockland, Massachusetts: $19 7.0% $2.89 INDB 96 First BanCorp: San Juan, Puerto Rico: $18 7.0% 7.0% FBP 97 Merchants Bank Carmel, Indiana: $18 7.0% N/A N/A 98 Central Bancompany Jefferson City, Missouri: $18 7.0% $2.79 N/A 99 Independent Bank Group McKinney, Texas: $18 7.0% $2.10 IBTX 100 WesBanco: Wheeling, West Virginia: $18 ...
Far East National Bank (FENB; Chinese: 遠東國民銀行) was founded in 1974 by Henry Y. Hwang [1] as the first federally chartered Asian American bank in the United States. FENB has over 600 employees and total assets exceeding US$1.7 billion. It became a wholly owned subsidiary of Taiwan's Bank Sinopac in 1997.
In April 2022, Citizens Bank completed the acquisition of 80 branches from HSBC in New York City, New Jersey, Pennsylvania, Washington, D.C., Maryland, Virginia, and Florida. [16] HSBC's 10 West Coast branches are expected to be sold to Cathay Bank. 35-40 branches are expected to be closed entirely rather than be sold to another bank.
In September 2012 Cathay United Bank with the National Bank of Cambodia's approval, acquired a 70% stake in Singapore Banking Corporation (SBC). [2] SBC was founded in 1993 and has 6 branches and 10 exchange offices in Cambodia. A year later in September 2013, Cathay United Bank reached an agreement with the remaining shareholders of SBC to ...