0001144204-13-053111.txt : 20130930 0001144204-13-053111.hdr.sgml : 20130930 20130930163528 ACCESSION NUMBER: 0001144204-13-053111 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130930 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130930 DATE AS OF CHANGE: 20130930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CATHAY GENERAL BANCORP CENTRAL INDEX KEY: 0000861842 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 954274680 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18630 FILM NUMBER: 131123675 BUSINESS ADDRESS: STREET 1: 777 N BROADWAY CITY: LOS ANGELES STATE: CA ZIP: 90012 BUSINESS PHONE: 2136254700 MAIL ADDRESS: STREET 1: 777 NORTH BROADWAY CITY: LOS ANGELES STATE: CA ZIP: 90012 FORMER COMPANY: FORMER CONFORMED NAME: CATHAY BANCORP INC DATE OF NAME CHANGE: 19930328 8-K 1 v356271_8k.htm FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported): September 30, 2013

 

 

CATHAY GENERAL BANCORP
(Exact name of registrant as specified in its charter)

 

Delaware   0-18630   95-4274680
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

 

  777 North Broadway, Los Angeles, California 90012  
  (Address of principal executive offices) (Zip Code)  

 

Registrant’s telephone number, including area code: (213) 625-4700

 

Not Applicable

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

   

 

 
 

 

Item 8.01 Other Events.

 

On September 30, 2013, Cathay General Bancorp (the “Company”) announced in a press release that it has redeemed for $129 million, plus accrued and unpaid dividends, all 129,000 remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), that had been issued under the U.S. Treasury’s TARP Capital Purchase Program. The shares of Series B Preferred Stock were redeemed at their stated liquidation preference of $1,000 per share, plus accrued and unpaid dividends.

 

The press release announcing the redemption is attached hereto as Exhibit 99.1.

 

The foregoing information and the attached exhibit are intended to be furnished only and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall they be deemed incorporated by reference into any filing under the Securities Act of 1933.

  

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits

 

  99.1 Press Release of Cathay General Bancorp dated September 30, 2013.

  

 
 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: September 30, 2013

  CATHAY GENERAL BANCORP
  By: /s/ Heng W. Chen
    Heng W. Chen
    Executive Vice President and Chief Financial Officer

  

 
 

 

EXHIBIT INDEX

 

 

 

Number Exhibit
   
99.1 Press Release of Cathay General Bancorp dated September 30, 2013.

 

 

 EX-99.1 2 v356271_ex99-1.htm EXHIBIT 99.1

Cathay General Bancorp Repays Remaining $129 Million of TARP

LOS ANGELES, Sept. 30, 2013 /PRNewswire/ -- Cathay General Bancorp (the "Company", NASDAQ: CATY), the holding company for Cathay Bank, announced today that it has redeemed all 129,000 remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), that had been issued under the U.S. Treasury's TARP Capital Purchase Program, for $129 million, plus accrued and unpaid dividends. The shares of Series B Preferred Stock were redeemed at their stated liquidation preference of $1,000 per share, plus accrued and unpaid dividends.

Dunson K. Cheng, Chairman of the Board, President, and Chief Executive Officer of the Company stated, "This redemption marks a key milestone in our progress. We have now completed repayment of our TARP obligation, which provided us with extra capital as protection against the impact of the economic downturn. We are very pleased that our retained earnings and liquidity have enabled us to complete this repayment, which continues to demonstrate our financial strength."

J.P. Morgan Securities LLC served as capital advisor to the Company on its capital plan submission and TARP repayment application.

FORWARD-LOOKING STATEMENTS

Statements made in this press release, other than statements of historical fact, are forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management's beliefs, projections, and assumptions concerning future results and events. Forward-looking statements are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Some of these risks are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 (Item 1A in particular), other reports filed with the Securities and Exchange Commission ("SEC"), and other filings the Company makes with the SEC from time to time. The Company has no intention and undertakes no obligation to update any forward-looking statement or to publicly announce any revision of any forward-looking statement to reflect future developments or events, except as required by law.



CONTACT: Heng W. Chen, +1-626-279-3652