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In 1962, Cathay Bank opened for business with the mission of providing financial services to the growing but underserved Chinese-American community in the greater Los Angeles area, thus becoming the first Chinese-American bank in Southern California. Its rapid expansion was fueled by successive waves of immigration, burgeoning trade between America and Asia, and the economic development of the surrounding community. Since its inception, when it only had $550,000 in capital, Cathay Bank has thrived and is now part of the publicly traded financial institution with stockholder equity of approximately $600 million and total assets of $5.7 billion. Cathay Bank offers a full line of financial services from personal and commercial depository accounts, electronic banking, investment planning services, to consumer and commercial financing. Its service network extends from the West Coast to New York and Massachusetts on the Eastern Seaboard, north to the State of Washington, and south to Texas. Overseas, it has a presence in the three important commercial centers in the Asia-Pacific Rim - Taipei, Shanghai, and Hong Kong. Cathay Bank believes that employees are one of its most valuable assets. Its success depends on individuals who possess integrity, motivation, commitment, and knowledge. In return, Cathay Bank is committed to providing a nourishing environment that fosters harmonious teamwork, friendship and success. Cathay Bank is an equal opportunity employer and offers competitive compensation and comprehensive benefits to qualified employees. |