Recent events
Recent events tied to this brand in public sources.
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2021
Cathay Bank agrees to acquire 10 HSBC branches and related West Coast retail banking assets
Cathay Bank agreed to acquire 10 HSBC retail branches in California and certain loans and deposits related to HSBC's West Coast consumer and retail commercial banking businesses. The transaction was expected to close in the first quarter of 2022, subject to regulatory approval.
2021
HSBC agrees to sell portions of its US business
HSBC said it had agreed to sell parts of its US business to Citizens Bank and Cathay Bank, and announced plans to sell 90 of its 148 branches, with a further 35 to 40 branches planned for sale later.
2020
Cathay Bank launches Smart Relief Loan Program
Cathay Bank announced the launch of its $2 million Smart Relief Loan Program, offering qualifying small businesses initially located in Los Angeles County short-term loans ranging from $5,000 to $10,000.