Cathay Bank, a California state-chartered bank, is a subsidiary of Cathay General Bancorp (NASDAQ: CATY). Founded in 1962, Cathay Bank offers a wide range of financial services. It currently operates more than 50 branch locations in eight U.S. states including: California, New York, Illinois, Washington, Texas, Nevada, Massachusetts, and New Jersey. Overseas, it has a branch in Hong Kong, and representative offices in Taipei and Shanghai. With more than $11 billion in assets, Cathay Bank prides itself on providing exceptional personal and business banking services as well as its expertise in international trade. Cathay Bank was recently named by the Forbes Magazine as one of Forbes Best Banks in America (2015).