Cathay General Bancorp Closes Public Offering of Common Stock
February 05 2010 - 3:15PM
PR Newswire (US)
LOS ANGELES, Feb. 5 /PRNewswire-FirstCall/ -- Cathay General
Bancorp (the "Company", Nasdaq: CATY), the holding company for
Cathay Bank, today announced that it has completed its previously
announced offering of 13,068,182 shares of its common stock and
that the underwriters for the offering have exercised in full their
over-allotment option to purchase an additional 1,960,227 shares of
common stock. The net proceeds from the offering to the Company
were approximately $125.2 million. BofA Merrill Lynch acted as sole
bookrunner and Goldman, Sachs & Co. acted as co-manager for the
offering. This press release is neither an offer to sell, nor a
solicitation of an offer to buy, any securities of the Company, and
there shall not be any sale of securities of the Company in any
state or jurisdiction in which such an offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. Copies of the final
prospectus supplement and the accompanying prospectus relating to
these securities may be obtained by contacting BofA Merrill Lynch,
Attention: Prospectus Department, 4 World Financial Center, New
York, NY 10080, or email . ABOUT CATHAY GENERAL BANCORP Cathay
General Bancorp is the holding company for Cathay Bank, a
California state-chartered bank. Founded in 1962, Cathay Bank
offers a wide range of financial services. 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. OTHER NOTICES Cathay General Bancorp's filings with the SEC
are available at the website maintained by the SEC at
http://www.sec.gov/, or by request directed to Cathay General
Bancorp, 9650 Flair Drive, El Monte, California 91731, Attention:
Investor Relations (626) 279-3286. DATASOURCE: Cathay General
Bancorp CONTACT: Heng W. Chen for Cathay General Bancorp,
+1-626-279-3652 Web Site: http://www.cathaybank.com/
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