2021 among the U.S. community banks with far more than $10 billion in property
LOS ANGELES, April 08, 2022–(Enterprise WIRE)–Cathay General Bancorp, the holding firm of Cathay Bank, acquired the ninth place on the 2021 S&P International Current market Intelligence rating of U.S. community financial institutions by money effectiveness. The evaluation appeared at U.S. general public banks traded on major exchanges these as Nasdaq, NYSE, or NYSEAM with far more than $10 billion in full assets as of December 31, 2021.
“We are pleased to be a person of the prime 10 U.S. general public banking companies,” explained Chang M. Liu, President and CEO. “The recognition came at a fortuitous time as this year marks Cathay Bank’s diamond jubilee. Our results is a direct reflection of the difficult perform and dedication of our entire staff.”
The S&P World wide Industry Intelligence ranked providers, using calendar-calendar year details and GAAP facts, primarily based on three significant classes and fat: growth (35%), profitability (35%), and security and soundness (30%).
This calendar year, the U.S. publicly traded banking institutions with property of far more than $10 billion rating is a new group for S&P World wide Market place Intelligence. In the earlier, S&P World-wide Current market Intelligence rated performance of neighborhood financial institutions and credit history unions in the categories of neighborhood banking companies with assets amongst $3 billion and $10 billion, neighborhood financial institutions with belongings down below $3 billion, and prime-doing credit history unions.
About Cathay Financial institution
Cathay Financial institution, a subsidiary of Cathay Typical Bancorp (Nasdaq: CATY), opened its doorways in 1962 in Los Angeles to serve the growing immigrant group. Nowadays, we operate about 60 branches throughout the U.S., with a branch in Hong Kong, and agent workplaces in Beijing, Shanghai, and Taipei. In 2022, we proudly rejoice our diamond jubilee. While considerably has modified above six decades, our pursuit and determination has only grown stronger. Then, now, and generally, we go previously mentioned and further than, so you can, much too. Master additional at cathaybank.com. FDIC coverage coverage is minimal to deposit accounts at Cathay Bank’s U.S. domestic branch places.
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