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): March 19, 2015
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 office) | (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) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 19, 2015, the Board of Directors of Cathay Bank, a subsidiary of Cathay General Bancorp (the “Company”), appointed Pin Tai as the President of Cathay Bank and Irwin Wong as the Chief Operating Officer of Cathay Bank, effective April 1, 2015. Mr. Wong will continue to serve as Senior Executive Vice President of Cathay Bank. Mr. Tai has also been elected as a board member of Cathay Bank, effective April 1, 2015.
Pin Tai has been an Executive Vice President of Cathay Bank since 2006, Chief Lending Officer of Cathay Bank since October 2013, and Director of Cathay Bank Foundation since 2004. Mr. Tai joined Cathay Bank in 1999 as General Manager of New York Regions with a goal to establish its footing in the East Coast region. In 2006, Mr. Tai became an Executive Vice President and General Manager of Eastern Regions, and assumed the Deputy Chief Lending Officer position in 2010.
Irwin Wong has been Senior Executive Vice President and Chief Retail Administration and Regulatory Affairs Officer of Cathay Bank since January 2014. Mr. Wong joined Cathay Bank in 1988 as Vice President of Branch Administration, advanced to Senior Vice President of Branch Administration in 1989, then served as Executive Vice President of Branch Administration from 1998 to 2011, and as Executive Vice President and Chief Risk Officer from 2011 to December 2013. He has also been a Director and Vice President of Cathay Bank Foundation since 2002, and Chief Financial Officer/Treasurer of Cathay Bank Foundation from 2004 to 2011.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
99.1 | Press Release of Cathay General Bancorp dated March 20, 2015. |
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: March 20, 2015
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 March 20, 2015. |
Cathay Bank Appoints New President And Chief Operating Officer
LOS ANGELES, March 20, 2015 /PRNewswire/ -- Cathay General Bancorp (NASDAQ: CATY), the holding company for Cathay Bank, announced the appointments of Pin Tai as President of Cathay Bank and Irwin Wong as Chief Operating Officer of Cathay Bank, effective April 1, 2015. Mr. Tai and Mr. Wong will continue to report to Dunson K. Cheng, Chairman of the Board and Chief Executive Officer of Cathay Bank. Mr. Wong will continue to serve as Senior Executive Vice President of Cathay Bank. Additionally, Mr. Tai will join the Board of Directors of Cathay Bank, effective April 1, 2015.
"We are delighted with the appointments of Pin and Irwin and congratulate them on their new positions. We look forward to their continuing leadership for the Bank," said Dunson K. Cheng.
Mr. Tai joined Cathay Bank in 1999 as the General Manager of New York Region when we first expanded into the area. After 15 years under his leadership, our New York Region expanded to nine branches with total deposits close to $1 billion and $1.8 billion in loans. Mr. Tai has over thirty-two years of banking experience. He has been an Executive Vice President of Cathay Bank since 2006. Mr. Tai was appointed as Chief Lending Officer and relocated to Los Angles in 2013.
Mr. Wong joined Cathay Bank in 1988 as Vice President and Branch Administration when Cathay Bank's total assets was approximately $400 million and with only a few branches in Southern California. With over thirty-five years of banking experience, Mr. Wong is a key management member in the expansion of Cathay Bank. From 2011 to 2013, Mr. Wong was Cathay Bank's Chief Risk Officer. He was appointed as Senior Executive Vice President and Chief Retail Administration and Regulatory Affairs Officer of Cathay Bank in 2014.
ABOUT CATHAY GENERAL BANCORP
Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. Founded in 1962, Cathay Bank offers a wide range of financial services. Cathay Bank currently operates 33 branches in California, nine branches in New York State, one in Massachusetts, two in Texas, three in Washington State, three in the Chicago, Illinois area, one in New Jersey, one in Nevada, one in Hong Kong, and a representative office in Taipei and in Shanghai. Cathay Bank's website is found at http://www.cathaybank.com/.
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 Cathay General Bancorp's Annual Report on Form 10-K for the year ended December 31, 2014 (Item 1A in particular), other reports filed with the Securities and Exchange Commission ("SEC"), and other filings Cathay General Bancorp makes with the SEC from time to time. Cathay General Bancorp 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.
Logo - http://photos.prnewswire.com/prnh/20140822/138939
CONTACT: Heng W. Chen, (626) 279-3652
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