LOS ANGELES, April 12, 2016 /PRNewswire/ -- Cathay Bank
announces the appointment of Mr. Kelly
Wu as Executive Vice President, Corporate Banking
Division.
Mr. Pin Tai, President of Cathay Bank, said, "We are delighted
to welcome Kelly to the Cathay Bank family and are confident that
his proven knowledge and experience will contribute significantly
to our next level of success."
Mr. Wu is highly respected in the commercial lending sector.
He has 24 years of experience in commercial and asset-based
lending and has developed an extensive network of corporate
customers, both publicly traded and privately held, and industry
professionals. In addition, he has provided financing
solutions totaling more than $2
billion in senior and subordinated debt transactions
involving leverage recapitalizations, cross-border financing,
acquisition financing, special situations, bridge financing, and
working capital refinancing.
Prior to joining Cathay Bank, Mr. Wu held management positions
with MUFG Union Bank which included leading a corporate and middle
market banking group as a Regional Manager for MUFG Union Bank and
driving the group to a double digit compounded annual growth rate
both in assets and core earnings. Mr. Wu's most recent role
was as Managing Director overseeing originations for the
asset-based lending product for the Commercial Finance Division of
MUFG Union Bank. Mr. Wu has also served in transactional and
portfolio roles for CIT Group, Congress Financial Corporation and
Bank of America. Prior to becoming a banker, Mr. Wu worked for
Ernst & Young's Entrepreneurial Services Group where he became
a California licensed CPA.
Mr. Wu graduated cum laude with his BS in accounting from
California State University, Northridge
and earned his MBA in investment finance from USC's Marshall
School of Business.
Member FDIC
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Equal Housing Lender
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About Cathay Bank -- Cathay Bank is a subsidiary of
Cathay General Bancorp (NASDAQ: CATY). Founded in 1962,
Cathay Bank offers a wide range of financial services. Cathay Bank
currently operates 33 branches in California, 12 in New York State, three in the Chicago, Illinois area, three in Washington State, two in Texas, one in Maryland, one in Massachusetts, one in Nevada, one in New
Jersey, one in Hong Kong,
and a representative office in Taipei and in Shanghai. Cathay Bank's website can be found
at www.cathaybank.com. FDIC insurance coverage is limited to
deposit accounts at Cathay Bank's U.S. domestic branch
locations.
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SOURCE Cathay Bank