An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Chang M. Liu Appointed to the Los Angeles Branch Board of Federal Reserve Bank of San Francisco and Elected as California Member Director of the Federal Home Loan Bank of San Francisco
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Cathay General Bancorp's CEO, Chang M. Liu, has been appointed to the Federal Reserve Bank of San Francisco's Los Angeles Branch Board and elected as a member director of the Federal Home Loan Bank of San Francisco for a four-year term from January 1, 2023, to December 31, 2026. Mr. Liu expressed his enthusiasm for these roles, highlighting a commitment to fostering opportunities and community strength.
Cathay Bank, established in 1962, serves the immigrant community and operates over 60 branches in the U.S., alongside international representative offices. The bank emphasizes its long-standing dedication to serving its community.
Positive
CEO Chang M. Liu's appointments enhance the company's influence within financial institutions.
Membership on the Federal Home Loan Bank Board supports community-focused initiatives.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
President and Chief Executive Officer of Cathay General Bancorp and Cathay Bank, Chang M. Liu, has been appointed by the Federal Reserve Bank of San Francisco to serve as a member on its Los Angeles Branch Board of Directors. Moreover, Mr. Liu has been elected as a California member director by the Federal Home Loan Bank of San Francisco to serve a four-year term between January 1, 2023, and December 31, 2026.
The Federal Reserve Bank of San Francisco represents the Twelfth District of the Federal Reserve System – the central bank of the United States. The Twelfth District comprises nine western states – Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington – plus the Northern Mariana Islands, American Samoa, and Guam.
The Federal Home Loan Bank of San Francisco is a cooperatively owned wholesale bank helping local lenders in Arizona, California, and Nevada build strong communities, create opportunities, and improve lives.
“I am incredibly honored and excited to take on both of these new roles. I look forward to working with the San Francisco Fed and FHLBank San Francisco to help create new opportunities in the region and build strong communities,” said Mr. Liu
In addition to serving as a board member on the Board of Directors of Cathay Bank and its holding company Cathay General Bancorp, Mr. Liu’s directorship extends to serving on the board of directors of the Western Bankers Association, the Board of Advisors for the UCLA Anderson Forecast, the American Cancer Society’s CEOs Against Cancer group, and the Foothill Family Service.
About Cathay Bank
Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to serve the growing immigrant community. Today, we operate over 60 branches across the U.S., with a branch in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. While much has changed over six decades, our pursuit and dedication has only grown stronger. Then, now, and always, we go above and beyond, so you can, too. Learn more at cathaybank.com. FDIC insurance coverage is limited to deposit accounts at Cathay Bank’s U.S. domestic branch locations.
What new roles has Chang M. Liu taken on for Cathay General Bancorp?
Chang M. Liu has been appointed to the Federal Reserve Bank of San Francisco's Los Angeles Branch Board and elected as a member director of the Federal Home Loan Bank of San Francisco.
What is the duration of Chang M. Liu's term with the Federal Home Loan Bank?
Chang M. Liu's term with the Federal Home Loan Bank of San Francisco lasts for four years, from January 1, 2023, to December 31, 2026.
How many branches does Cathay Bank operate?
Cathay Bank operates over 60 branches across the United States and has a branch in Hong Kong.
When was Cathay Bank established?
Cathay Bank was established in 1962 in Los Angeles.
