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
January 26 2023 - 7:30AM
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.
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