Cathay General Bank - M&A Summary and Business Overview

Financial ServicesCompany

Cathay General Bank M&A Summary

Cathay General Bank has acquired 2 companies, including 1 in the last 5 years.

Cathay General Bank’s largest acquisition to date was in 2016, when it acquired SinoPac Bancorp. for $340M. Cathay General Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Cathay General Bank Business Overview

Where is Cathay General Bank headquartered?

Cathay General Bank is headquartered in Los Angeles, California.

What is Cathay General Bank’s revenue?

Cathay General Bank disclosed revenue of 810M USD for 2023 and 791M USD for 2022.

How many employees does Cathay General Bank have?

Cathay General Bank has 1,246 employees.

What sector is Cathay General Bank in?

Cathay General Bank is a financial services company.

When was Cathay General Bank founded?

Cathay General Bank was founded in 1962.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Cathay General Bank

Cathay General Bancorp.

777 North Broadway,
Los Angeles, California 90012
United States,
(213) 625-4700
www.cathaygeneralbancorp.com

Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. Cathay Bank offers a comprehensive range of financial services, including personal and business banking, loans, mortgages, and investment services. Cathay General Bank was founded in 1962 and is based in Los Angeles, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - 1 - - - 2
vol $340M $340M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
HSBC Bank USA - 10 Branches 2021-05-26 - Divestiture
New York, New York
SinoPac Bancorp. 2016-07-08 340M USD Divestiture
Los Angeles, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 340M (100%) - -
Total 2 $340M - -

By Geo

State/Country Buy Value Sell Value
United States 2 340M - -
  New York 1 - - -
  California 1 340M - -
Total 2 $340M - -

Top M&A Advisors

Legal Deals
Wachtell, Lipton, Rosen & Katz
 2

Deal Values

buy # Total
$100M to $1B 1 $340M
TOTAL $340M
Largest SinoPac Bancorp.
$340M (2016-07-08)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

810   3% 2023
791   22% 2022
652   10% 2021
595   5% 2020
620   4% 2019
597   14% 2018
526   17% 2017
451   2016
(millions of USD) Show More Show Less

Employees

1,246

Established

1962

Public

NASDAQ: CATY

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