M&A Deal Summary

Cathay Bank Acquires United Heritage Bank

On March 30, 2007, Cathay Bank acquired financial services company United Heritage Bank for 9M USD

Acquisition Highlights

This is Cathay Bank’s 1st transaction in the Financial Services sector.
This is Cathay Bank’s largest (disclosed) transaction.
This is Cathay Bank’s 1st transaction in the United States.
This is Cathay Bank’s 1st transaction in New Jersey.

M&A Deal Summary
Date	2007-03-30
Target	United Heritage Bank
Sector	Financial Services
Buyer(s)	Cathay Bank
Deal Type	Add-on Acquisition
Deal Value	9M USD

Target

United Heritage Bank

Edison, New Jersey, United States

United Heritage Bank, provides banking services.

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Buyer(S) 1

Buyer

Cathay Bank

El Monte, California, United States

Category	Company
Founded	1962
Sector	Financial Services
Employees	986

DESCRIPTION

Cathay Bank, offers a wide range of financial services. Cathay Bank currently operates 33 branches.

DEAL STATS	#
Overall	1 of 1
Sector (Financial Services)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (New Jersey)	1 of 1
Country (United States)	1 of 1
Year (2007)	1 of 1
Size (of disclosed)	1 of 1