Cathay General Bancorp CFO Heng W. Chen To Retire, Effective March 1, Albert J. Wang Named Successor

Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, announced that Heng W. Chen will retire as Chief Financial Officer of Cathay General Bancorp and Cathay Bank (collectively "Cathay") and Treasurer of Cathay General Bancorp, effective March 1, 2026, following a nearly 42-year career in auditing and finance, including 23 years of service at Cathay. Albert J. Wang, who currently serves as Deputy Chief Financial Officer, will succeed Chen as Chief Financial Officer of Cathay and Treasurer of Cathay General Bancorp. Mr. Chen will remain as a Special Advisor to the Office of the President for Cathay Bank through December 31, 2026.