Cathay Bank Opens A Branch In Las Vegas

LOS ANGELES, June 17, 2013 /PRNewswire/ -- Cathay General Bancorp (NASDAQ: CATY), the holding company for Cathay Bank, announced today that Cathay Bank has opened a branch in Las Vegas, Nevada, located at 6110 Spring Mountain Road. 

This is the first branch in Nevada for Cathay Bank.  With the opening of this new branch, Cathay Bank now has a total of 50 branches in the United States, located in California, New York, Texas, Washington, Massachusetts, Illinois, New Jersey, and Nevada. 

"We are pleased to be able to expand our presence into the Las Vegas community with the establishment of this branch," said Dunson K. Cheng, Chairman of the Board, President, and Chief Executive Officer of Cathay General Bancorp and Cathay Bank. "We look forward to bringing our banking products and service to local families and businesses in this market area." 

Gorden Phong is the Branch Manager of this new location and can be contacted directly at (702) 453-8889 during normal business hours which are:  Monday through Thursday from 9:00 a.m. to 5:00 p.m., Friday from 9:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 1:00 p.m.

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 31 branches in California, eight 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, 2012 (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.

SOURCE Cathay General Bancorp

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