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Cathay General Bancorp (CATY.OQ)

CATY.OQ on NASDAQ Stock Exchange Global Select Market

42.47USD
24 Sep 2018
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Summary

Name Age Since Current Position

Dunson Cheng

73 2016 Executive Chairman of the Board of the Company and the Bank

Pin Tai

64 2017 President, Chief Executive Officer, Director

Anthony Tang

64 2014 Vice Chairman of the Board of the Company and the Bank

Peter Wu

69 2014 Vice Chairman of the Board of the Company and the Bank

Heng Chen

65 2004 Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank

Irwin Wong

69 2015 Senior Executive Vice President, Chief Operating Officer of the Bank

Kim Bingham

61 2014 Executive Vice President, Chief Risk Officer of the Bank

Mark Lee

55 2017 Chief Credit Officer of Cathay Bank

Kelly Chan

71 1990 Independent Director of the Company and the Bank

Michael Chang

80 2010 Independent Director of the Company and the Bank

Nelson Chung

65 2005 Independent Director of the Company and the Bank

Felix Fernandez

67 2013 Independent Director of the Company and the Bank

Jane Jelenko

69 2012 Independent Director of the Company and the Bank

Ting Liu

81 2003 Independent Director of the Company and the Bank

Joseph Poon

71 2011 Independent Director of the Company and the Bank

Richard Sun

65 Independent Director of the Company and the Bank

Georgia Lo

2017 IR Contact Officer

Biographies

Name Description

Dunson Cheng

Mr. Dunson K. Cheng, Ph.D., is Executive Chairman of the Board of the Company and the Bank. He has been the Executive Chairman of the Board of Bancorp and Cathay Bank since October 1, 2016. He was the Chairman of the Board, President, and Chief Executive Officer of Bancorp and Chairman of the Board and Chief Executive Officer of Cathay Bank from 1994 to September 2016, and the President of Cathay Bank from 1985 to March 2015. Mr. Cheng has over 30 years of banking experience. He also serves on the boards of DiCon Fiberoptics, Inc. (a supplier of optical components, integrated modules, and test equipment for the fiber optics industry) and Tsinghua Education Foundation (N.A.) Inc. He formerly served on the board of directors of the California Bankers Association. Mr. Cheng received a Ph.D. in Physics. He has been a Director of Cathay Bank since 1982 and of Bancorp since it was formed as a holding company in 1990. Mr. Cheng provides to the Board his extensive banking experience, his broad knowledge of the business and operations of Bancorp and Cathay Bank, and his strong management and leadership skills. His tenure as an officer and a director for over 30 years affords the Board valuable insight regarding all aspects of the business and operations of Bancorp and Cathay Bank.

Pin Tai

Mr. Pin Tai is President, Chief Executive Officer, Director of the Company. Mr. Tai has been Chief Executive Officer and President of Bancorp and Chief Executive Officer of Cathay Bank since October 2016, President and a Director of Cathay Bank since April 2015, and Director of Bancorp since August 22, 2017. Mr. Tai joined Cathay Bank in 1999 as General Manager of New York Region with a goal to establish our footing in the East Coast region. In 2006, Mr. Tai became Executive Vice President and the General Manager of Eastern Regions, and then became the Deputy Chief Lending Officer in 2010 and the Chief Lending Officer in 2013. He has also been a Director of Cathay Bank Foundation since 2004. Mr. Tai has over 32 years of banking experience. Prior to joining Cathay Bank, Mr. Tai worked at Bank of China in its New York office to help establish its commercial lending operations in the United States.

Anthony Tang

Mr. Anthony M. Tang is Vice Chairman of the Board of the Company and the Bank. He has been Vice Chairman of the Board of Bancorp and Cathay Bank since August 21, 2014 and has over 30 years of banking experience. He was an Executive Vice President of Bancorp from 1994 to September 2013, Senior Executive Vice President of Cathay Bank from 1998 to 2013, Chief Lending Officer of Cathay Bank from 1985 to September 2013, and Executive Vice Chairman of the Board of Bancorp and Cathay Bank from October 2013 to August 20, 2014. Mr. Tang was formerly the Chief Financial Officer and Treasurer of Bancorp from 1990 to 2003. He received a Master of Business Administration degree. Mr. Tang has been a Director of Cathay Bank since 1986 and of Bancorp since it was formed as a holding company in 1990. Through his service to Cathay Bank in various capacities for over 25 years, Mr. Tang brings to the Board an in-depth knowledge and understanding of its history and business, as well as his extensive knowledge of its operations including from a financial and accounting standpoint.

Peter Wu

Mr. Peter Wu, Ph.D., is Vice Chairman of the Board of the Company and the Bank. He has been Vice Chairman of the Board of Bancorp and Cathay Bank since August 21, 2014, and a Director, Chairman of the Board, President, and Chief Executive Officer of Cathay Bank Foundation since 2005. He was Chief Operating Officer of Bancorp and Cathay Bank from 2003 to June 2014, and Executive Vice Chairman of the Board of Bancorp and Cathay Bank from 2003 to August 20, 2014. He was the Chairman of the Board of GBC Venture Capital, Inc. from 1997 to 2014 and President and Chief Executive Officer of GBC Venture Capital, Inc. from 2003 to 2014. Prior to joining Bancorp, Mr. Wu was a co-founder, Chairman of the Board, President, and Chief Executive Officer of General Bank and its publicly-held bank holding company, GBC Bancorp, until they merged with Cathay Bank and Bancorp in 2003. Mr. Wu received a Ph.D. in Mathematics. He has been a Director of Bancorp and Cathay Bank since 2003. Mr. Wu provides commercial banking and managerial experience to Bancorp and Cathay Bank gained from his executive management positions with GBC Bancorp and General Bank, of which he was a co-founder, and then Bancorp and Cathay Bank. He also provides institutional knowledge of the history and operations of General Bank and GBC Bancorp.

Heng Chen

Mr. Heng W. Chen is Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank. He has been Executive Vice President, Chief Financial Officer, and Treasurer of Bancorp and Executive Vice President of Cathay Bank since 2003, and Chief Financial Officer of Cathay Bank since 2004. He was Vice President and Chief Financial Officer of Cathay Real Estate Investment Trust from 2003 to 2013 and has been a Director, Vice President, and Chief Financial Officer of GBC Venture Capital, Inc. since 2003. Prior to joining Bancorp, Mr. Chen had over 25 years of experience in the areas of finance, accounting, and banking at City National Bank, City National Corporation, and at Price Waterhouse. Mr. Chen was formerly a Certified Public Accountant and received a Master of Business Administration degree.

Irwin Wong

Mr. Irwin Wong is Senior Executive Vice President, Chief Operating Officer of Cathay Bank, a subsidiary of Cathay General Bancorp. Mr. Wong has been Senior Executive Vice President of Cathay Bank since 2014 and Chief Operating Officer of Cathay Bank since April 1, 2015. Mr. Wong joined Cathay Bank in 1988 as Vice President of Branch Administration, advanced to Senior Vice President of Branch Administration in 1989, served as Executive Vice President of Branch Administration from 1998 to 2011, as Executive Vice President and Chief Risk Officer from 2011 to 2013, and as Chief Retail Administration and Regulatory Affairs Officer from January 2014 to March 2015. He has also been a Director of Cathay Bank Foundation since 2002, and Chief Financial Officer/Treasurer of Cathay Bank Foundation from 2004 to 2011. Mr. Wong has over 35 years of banking experience. Mr. Wong is active in community organizations and serves as a director of Junior Achievement of Southern California, the California Council on Economic Education, and the Los Angeles Nashi Hongwanji Buddhist Temple.

Kim Bingham

Mr. Kim R. Bingham is Executive Vice President, Chief Risk Officer of Cathay Bank, a subsidiary Company of Cathay General Bancorp. Mr. Bingham has been an Executive Vice President of Cathay Bank since 2004 and Chief Risk Officer of Cathay Bank since 2014. Mr. Bingham joined Cathay Bank in 2004 as Chief Credit Officer and served in that capacity until December 2013. Prior to joining Cathay Bank, Mr. Bingham managed Private Banking for Mellon Bank in the Western United States and prior to this position, Mr. Bingham served in a series of increasingly responsible staff and management positions in lending and credit for City National Bank. Mr. Bingham has more than 30 years of banking experience.

Mark Lee

Mr. Mark H. Lee is Chief Credit Officer of Cathay Bank subsidary of the company. He is the Executive Vice President and Chief Credit Officer of Cathay Bank. Mr. Lee joined Cathay Bank in April 2017 as Executive Vice President, Special Advisor to the Office of the President and was appointed as the Chief Credit Officer of Cathay Bank in December 2017. Mr. Lee has more than 27 years of banking experience and provides leadership and support to the Credit Administration function at Cathay Bank. Prior to joining Cathay Bank, Mr. Lee has held senior leadership roles in Credit Administration and Loan Review, Loan Operations, and Asset Based Lending. He was the Senior Executive Vice President and Head of Corporate Banking of Bank of Hope (formerly known as BBCN Bank) from 2016 to 2017; Senior Executive Vice President and Chief Credit Officer of BBCN Bank (formerly known as Nara Bank) from 2009 to 2016; and Senior Vice President and Deputy Chief Credit Officer of East West Bank from 2007 to 2009.

Kelly Chan

Mr. Kelly L. Chan is Independent Director of the Company and the Bank. Mr. Chan is a long-time owner of Phoenix Bakery Inc., a family-owned retail bakery that began in Los Angeles Chinatown and has been serving the Los Angeles area for over 80 years. Effective November 2017, Mr. Chan was appointed Vice President of Finance of Phoenix Bakery. Mr. Chan is a Certified Public Accountant with over 35 years of experience, and received a Master of Business Administration degree. He served in the U.S. Navy from 1970 to 1973 and in the U.S. Naval Reserve until his retirement in 2000 with the rank of Captain. Also, he has been awarded certification by the UCLA Anderson Graduate School of Management’s Director Training and Certification Program. Mr. Chan has been a Director of Cathay Bank since 1981 and of Bancorp since it was formed as a holding company in 1990. Mr. Chan offers the Board substantial management experience with privately held businesses, which constitute a significant portion of the customers of Cathay Bank. As a Certified Public Accountant, Mr. Chan adds additional expertise in accounting matters, and serves as chairman of the Audit Committee.

Michael Chang

Mr. Michael M. Y. Chang is Independent Director of the Company and the Bank. Mr. Chang is a retired attorney, having practiced law in Los Angeles for 30 years until retiring in 2000. He was the Secretary of Bancorp and Cathay Bank from 2001 to 2010. Mr. Chang is one of the founders of the Southern California Chinese Lawyers Association. He formerly served as a director of Chinatown Service Center, a community-based Chinese-American health and human services organization in Southern California. He received a Juris Doctor degree and a Bachelor of Science degree in Accounting. Mr. Chang has been a Director of Cathay Bank since 1983 and of Bancorp since it was formed as a holding company in 1990. Mr. Chang has been a well-respected attorney in Los Angeles for over 30 years, with the emphasis of his practice being in areas of business law, real estate, corporations, and taxation. The Board benefits from his legal experience and analysis of issues. His participation in the Chinese-American community in Southern California provides knowledge of the local economy, as well as business opportunities for Cathay Bank.

Nelson Chung

Mr. Nelson Chung is Independent Director of the Company and the Bank. Mr. Chung is President of Pacific Communities Builder, Inc., which has built more than 4,000 home sites and developed more than 150 communities in Southern California. He received a Master of Urban Design degree and is a licensed architect, general contractor, and real estate broker in California. Mr. Chung has been a Director of Bancorp and Cathay Bank since 2005. Mr. Chung contributes managerial experience and his extensive knowledge of residential real estate development in Southern California, with which he has been involved for over 30 years. His academic background in urban design and his experience as an architect, general contractor, and real estate broker provide the Board with a unique perspective of the real estate market.

Felix Fernandez

Mr. Felix S. Fernandez is Independent Director of the Company and the Bank. He has served as a leader at Wells Fargo in various capacities for over 15 years. In 2011, he retired as a Corporate Executive Vice President and Regional President of Community Banking for Wells Fargo in the Northern California region. He was responsible for up to 150 branches, $15 billion in deposits and $1.5 billion in loans, and 2,700 employees. Prior to working at Wells Fargo, Mr. Fernandez served as Executive Vice President of International Business Banking at State National Bank in El Paso, Texas, where he was responsible for the Mexico business market, and also served in various positions at Valley National Bank of Arizona (later a part of Chase Bank). Mr. Fernandez has been active in the community and business organizations throughout his career, including affiliations with the United Way, Boys and Girls Club of America, Boy Scouts of America, Bankers Association for Finance and Trade, and the Greater Sacramento Chamber of Commerce. He also served on the board of Sacramento State University Enterprise, Inc., Dignity Health Sacramento Service Region Board, Crocker Art Museum, the California Bankers Association, and Pan American Bank. He received a Master of Business Administration degree, with an emphasis in Finance. Mr. Fernandez has been a Director of Bancorp and Cathay Bank since 2013. Mr. Fernandez brings with him valuable financial skills and diverse experience, along with a leadership record in the banking industry, all of which enhance the Board’s capacity to guide our future growth and development.

Jane Jelenko

Ms. Jane Jelenko is Independent Director of the Company and the Bank. Ms. Jelenko was a partner at KPMG LLP, a global audit, tax, and advisory services firm, where she became the first female consulting partner in 1983, and served over 25 years (from 1977 to 2003) in various capacities including the National Industry Director for its Banking and Finance group, a member of the firm’s board of directors, and the leader for the firm’s Banking and Investment Services Consulting group. She has also served on the Countrywide Bank board (Audit and Operations Committees), the Los Angeles Area Chamber of Commerce Executive Committee, and the Organization of Women Executives board. She currently serves on the boards of two SunAmerica Mutual Funds families, and on non-profit boards, including the Center Dance Arts of the Los Angeles Music Center, Dizzy Feet Foundation, The Gabriella Foundation, and the Constitutional Rights Foundation (emeritus). She received a Master of Business Administration degree in Finance. Also, she has been awarded certification by the UCLA Anderson Graduate School of Management’s Director Training and Certification Program. Ms. Jelenko has been a Director of Bancorp and Cathay Bank since 2012. Ms. Jelenko brings to the Board her extensive managerial and finance experience and community service.

Ting Liu

Mr. Ting Y. Liu, Ph.D., is Independent Director of the Company and the Bank. He was a co-founder and a director of General Bank and its publicly-held bank holding company, GBC Bancorp, until they merged with Cathay Bank and Bancorp in 2003. Mr. Liu was an aerospace research scientist for over 12 years, has been a real estate developer of motels and hotels, and co-founded Western Underwriter, an insurance company, in 1985. He also co-founded the Southern California Hotel/Motel Association in the early 1980s and was active in the Holiday Inn Franchisee Association where he served as the regional committee member for many terms. Mr. Liu received a Ph.D. in Aerospace Science. Also, he attended the UCLA Anderson Graduate School of Management’s Director Training and Certification Program. He has been a Director of Bancorp and Cathay Bank since 2003. Mr. Liu’s extensive experience in commercial real estate development provides a valuable perspective on the real estate market, and his background in the insurance business provides knowledge of the insurance market. His previous service as a director of GBC Bancorp and General Bank provides additional commercial banking and financial institution experience.

Joseph Poon

Mr. Joseph C. H. Poon is Independent Director of the Company and the Bank. Mr. Poon is the President of Edward Properties, LLC, a real estate development company that specializes in residential, industrial, and commercial projects, and has over 30 years of experience in real estate development. He received a Master of Business Administration degree and a Master of Science degree in Civil Engineering. Mr. Poon has been a Director of Cathay Bank since 1981 and of Bancorp since it was formed as a holding company in 1990. He served as the Lead Independent Director of Bancorp from July 2010 to May 2011. Mr. Poon provides the Board with considerable managerial experience, as well as his extensive knowledge in commercial, industrial, and residential real estate construction and development. He also contributes his academic background in business and engineering.

Richard Sun

Dr. Richard Sun is Independent Director of the Company and the Bank. Mr. Sun is the President of SSS Development, Inc., a real estate investment, development, and management company. Dr. Sun received his D.D.S. in Dentistry in 1982 and practiced for 18 years. He also served as the Mayor for the 2012 and 2016 term and Council Member from 2009 to 2017 for the City of San Marino, California. Dr. Sun has over 30 years of experience in real estate investment and 10 years of experience serving on the boards of financial institutions. Simultaneously, he served in numerous leadership and management roles including his directorships on Trust Bank Board of Directors from 1995 to 2004 and on Omni Bank Board of Directors from 2008 to 2009. Dr. Sun is a community leader and has many years of civic service. Dr. Sun currently serves as a Board Member of the Chinese American Elected Officials, a non-profit organization that focuses on civic engagement, membership education, and community outreach. Dr. Sun is also a board member of the Cathay Bank Foundation. Dr. Sun has been a Director of Bancorp and Cathay Bank since May 2017. He brings with him board experiences at financial institutions as well as his depth of knowledge and experience in both public and private companies. The Board believes that his diversified skills will add valuable entrepreneurial, managerial, and leadership perspectives to the Board.

Georgia Lo

Basic Compensation

Name Fiscal Year Total

Dunson Cheng

2,576,450

Pin Tai

2,546,980

Anthony Tang

347,680

Peter Wu

363,980

Heng Chen

1,164,040

Irwin Wong

1,112,940

Kim Bingham

786,770

Mark Lee

--

Kelly Chan

156,730

Michael Chang

161,980

Nelson Chung

132,812

Felix Fernandez

154,480

Jane Jelenko

142,230

Ting Liu

155,480

Joseph Poon

143,730

Richard Sun

59,418

Georgia Lo

--
As Of  31 Dec 2017

Options Compensation

Name Options Value

Dunson Cheng

1,586,464 15,912,200

Pin Tai

25,000 265,750

Anthony Tang

290,820 4,129,545

Peter Wu

611,844 6,994,894

Heng Chen

288,124 979,202

Irwin Wong

246,796 2,670,831

Kim Bingham

0 0

Mark Lee

0 0

Kelly Chan

0 0

Michael Chang

0 0

Nelson Chung

0 0

Felix Fernandez

0 0

Jane Jelenko

0 0

Ting Liu

0 0

Joseph Poon

0 0

Richard Sun

0 0

Georgia Lo

0 0