| Business Summary | | Cathay
Bancorp,
Inc.
is
the
holding
company
of
Cathay
Bank,
a
commercial
bank.
Cathay
Bank
conducts
substantially
the
same
business
operations
as
a
typical
commercial
bank.
It
accepts
checking,
savings
and
time
deposits,
and
makes
commercial,
real
estate,
personal,
home
improvement,
automobile
and
other
installment
and
term
loans.
Cathay
Bank's
main
office
is
located
in
the
Chinatown
area
of
Los
Angeles,
California.
In
addition,
the
Bank
has
branch
offices
in
Southern
California,
Northern
California,
New
York
and
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CATY
is
a
one
bank
holding
company
for
Cathay
Bank,
which
operates
in
11
branch
offices.
For
the
six
months
ended
6/30/01,
interest
income
rose
7%
to
$82.8
million.
Net
interest
income
after
loan
loss
provision
rose
4%
to
$43.3
million.
Net
income
rose
12%
to
$19.6
million.
Net
interest
income
reflects
growth
in
average
earning
assets,
partially
offset
by
increased
time
deposits.
Net
income
reflects
increased
deposit
charges
from
higher
transaction
volume. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dunson Cheng, 56 Chairman,
Pres of Cathay Securities Fund | $1.2M | George Ching, 86 Vice
Chairman | -- | Anthony Tang, 47 CFO,
Exec. VP, Treasurer, Assistant Sec., Director of the C | 493K | Wilbur Woo, 85 Sec. | -- | Elena Chan, 50 Sec.
of Cathay Securities Fund | 280K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|