Cathay Bank is a wholly-owned subsidiary of Cathay General Bancorp, a bank holding company with over $10.61 billion in assets as of March 31, 2011. Cathay Bank currently operates 31 branches in California, eight branches in New York State, one in Massachusetts, two in Texas, three in Washington State, three in the Chicago, Illinois area, one in New Jersey, one in Hong Kong, and a representative office in Shanghai and in Taipei. Net income: US$ 22.1 million (Q1 2011). Cathay Bank provides a full range of financial services including retail and commercial banking, mortgage lending, investments and title services.