Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. Its deposit products comprise passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The companyís loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit. It also offers installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company provides trade financing, letters of credit, wire transfers, forward currency spot and forward contracts, travelerís checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, and other customary bank services. As of July 17, 2012, it operated 31 branches in California; 8 branches in New York State; 1 in Massachusetts; 2 in Texas; 3 in Washington State; 2 in the Chicago, Illinois area; 1 in New Jersey; and 1 in Hong Kong, as well as a representative office in Shanghai and in Taipei. The company was founded in 1961 and is based in Los Angeles, California.