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Cathay Bank Overview

Cathay Bank is a Sino-American bank based in Los Angeles, California. Founded in 1962, it has since expanded its network throughout California and into Massachusetts, New York, Texas, Washington, Illinois, New Jersey, Nevada, Maryland, and Hong Kong. Additionally, it has representative offices in Shanghai and Taipei.
The staff at Cathay Bank come from unusually diverse demographic backgrounds. The company is 42.0% female and 75.4% ethnic minorities. Even though it has great demographic diversity, Cathay Bank notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 88.9%. Despite having coworkers who agree with each other about politics, employees at Cathay Bank tend to have relatively short tenures. Staff members usually stay with the company for 2.3 years. The average employee at Cathay Bank makes $57,271 per year. In comparison, some of its highest paying competitors, like First Republic Bank, HSBC North America Holdings, and Capital One, pay $111,977, $79,071, and $63,924, respectively.
A large finance company with 1,129 employees and an annual revenue of $532.4M, Cathay Bank is headquartered in Los Angeles, CA.

The Organization’s Mission

To be responsive to the financial needs of our customers and the communities we serve.

Industry

Finance

Revenue

$532.4M

Employees

1,129

Founded in

1962

Headquarters

Los Angeles, CA

Website

cathaybank.com

Organization Type

Public

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The Team At Cathay Bank

Key People
  • Dunson Cheng (Executive Chairman)
  • Lisa Kim (executive_vice_president)
  • Pin Tai (President and CEO)
  • Chang Liu (executive_vice_president)
  • Mark Lee (executive_vice_president)
  • Heng Chen (Vice President and CFO)

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Cathay Bank Rankings

Cathay Bank is ranked #19 on the Best Finance Companies to Work For in Los Angeles, CA list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Cathay Bank Salaries

How much does Cathay Bank pay?
The national average salary for a Cathay Bank employee in the United States is $57,271 per year. Employees in the top 10 percent can make over $120,000 per year, while employees at the bottom 10 percent earn less than $27,000 per year.
6.9
Salary Score
Average Employee Earnings

Cathay Bank Salaries By Job Title

While Cathay Bank employees earn an average yearly salary of $57,271, different roles can command different wages. Some of the job titles with high salaries at Cathay Bank are loan servicing specialist, senior information technology manager, vice president of information technology, and project team lead. A typical loan servicing specialist salary at Cathay Bank is $306,000. Other roles at Cathay Bank include cashier and teller. A cashier at Cathay Bank earns an average yearly salary of $27,414.
Job Title
Title
ascdesc
Average Salarydesc
Loan Servicing Specialist
Salary Range274k - 341k$306k$306,000
Senior Information Technology Manager
Salary Range135k - 159k$147k$146,934
Vice President Of Information Technology
Salary Range117k - 147k$131k$131,418
Project Team Lead
Salary Range110k - 121k$116k$115,513
Operations Officer
Salary Range106k - 113k$110k$109,962
Senior Economist
Salary Range89k - 116k$102k$101,910
Systems Administrator
Salary Range91k - 112k$101k$101,430
Credit Officer
Salary Range92k - 109k$101k$100,768
Quality Assurance Tester
Salary Range89k - 109k$99k$98,869
Management Consultant
Salary Range85k - 98k$91k$91,370
$49k
$341k

Cathay Bank Careers

On average, employees at Cathay Bank stay with the company for 2.3 years. Employees most commonly join Cathay Bank after leaving Wells Fargo. When they leave Cathay Bank, they most frequently get their next job at East West Bank.

Average Length of Employment

U.S. Bank
2.8 years
Cathay Bank
2.3 years

Top Employers Before Cathay Bank

Top Employers After Cathay Bank

Chase
9.5 %

Cathay Bank Employee Demographics

9.1
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Cathay Bank Employees Education

Of the 1,129 employees at Cathay Bank, 17.6% attended California State University - Los Angeles. Employees at Cathay Bank most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Cathay Bank Employee Political Affiliation

Cathay Bank employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Cathay Bank employee was by Dunson Cheng. Dunson Cheng donated $19,100 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Dunson ChengBanker
Dunson Cheng
Banker
Banker
Democratic Party
Democratic Party
$19,100Democratic Party
$19,100
Anita FanManager
Anita Fan
Manager
Manager
Democratic Party
Democratic Party
$7,000Democratic Party
$7,000
Eileen LewisBank Officer
Eileen Lewis
Bank Officer
Bank Officer
Democratic Party
Democratic Party
$4,050Democratic Party
$4,050
Shujen HoVice President
Shujen Ho
Vice President
Vice President
Democratic Party
Democratic Party
$2,700Democratic Party
$2,700
Billy BettsFinance
Billy Betts
Finance
Finance
Democratic Party
Democratic Party
$1,079Democratic Party
$1,079
Kueimei PanAccount Manager
Kueimei Pan
Account Manager
Account Manager
Democratic Party
Democratic Party
$1,000Democratic Party
$1,000
Wen WangVice President
Wen Wang
Vice President
Vice President
Democratic Party
Democratic Party
$1,000Democratic Party
$1,000
May ChanAttorney
May Chan
Attorney
Attorney
Democratic Party
Democratic Party
$1,000Democratic Party
$1,000
Michael SaitoRisk Analyst
Michael Saito
Risk Analyst
Risk Analyst
Democratic Party
Democratic Party
$850Democratic Party
$850
David LINBanking
David LIN
Banking
Banking
Democratic Party
Democratic Party
$500Democratic Party
$500
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Cathay Bank Financial Performance

8.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1962

Organization type

Public

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Cathay Bank Subsidiaries

Subsidiaries to Cathay Bank include Great Eastern Bank. Employees at the parent company, Cathay Bank, earn $57,271 whereas employees at Great Eastern Bank earn $31,932, on average.
Company
ascdesc
Average Salarydesc
Great Eastern Bank
Salary Range23k - 43k$32k$31,932
$23k
$43k

Cathay Bank Competitors

Some of the competitors of Cathay Bank are First Republic Bank, HSBC North America Holdings, and Capital One. The wages at First Republic Bank average higher than the other similar companies, where the median salary is $111,977 per year. Employees at HSBC North America Holdings earn an average of $79,071 per year, and the employees at Capital One earn an average salary of $63,924 per year.
Companydesc
Average Salarydesc
First Republic Bank
Salary Range90k - 137k$112k$111,977
HSBC North America Holdings
Salary Range57k - 109k$79k$79,071
Capital One
Salary Range46k - 87k$64k$63,924

Security Federal

Salary Range39k - 71k$53k$53,190

Bank Of South Carolina

Salary Range37k - 73k$53k$52,642

Mackinac Financial

Salary Range32k - 71k$48k$48,444

First Federal Lakewood

Salary Range35k - 63k$48k$47,613
Bank of America
Salary Range32k - 69k$48k$47,600
Bank of the West
Salary Range31k - 68k$46k$46,392

NBC Mortgage Services

Salary Range35k - 58k$46k$45,716
$23k
$137k

Frequently Asked Questions about Cathay Bank

When was Cathay Bank founded?

Cathay Bank was founded in 1962.

How many Employees does Cathay Bank have?

Cathay Bank has 1,129 employees.

How much money does Cathay Bank make?

Cathay Bank generates $532.4M in revenue.

What industry is Cathay Bank in?

Cathay Bank is in the finance industry.

What is Cathay Bank's mission?

Cathay Bank's mission statement is "To be responsive to the financial needs of our customers and the communities we serve."

What type of company is Cathay Bank?

Cathay Bank is a public company.

Who are Cathay Bank's competitors?

Cathay Bank competitors include U.S. Bank, Great Eastern Bank, Bank of the West, HSBC North America Holdings, First Republic Bank, Bank of America, Wells Fargo, Capital One, Mackinac Financial, Colonial Banc Group, NBC Mortgage Services, Summit Bank, First Federal Lakewood, First Merit, American National Bank, Bank Of South Carolina, First Guaranty Bank, Frontier Financial, Security Federal, Franklin Savings Bank.

Who works at Cathay Bank?

Dunson Cheng (Executive Chairman)

Lisa Kim (executive_vice_president)

Pin Tai (President and CEO)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Cathay Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cathay Bank. The employee data is based on information from people who have self-reported their past or current employments at Cathay Bank. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Cathay Bank and its employees or that of Zippia.

Cathay Bank may also be known as or be related to CATHAY GEN BANCORP, Cathay Bank and Cathay General Bancorp.