Cathay Bank announces the appointment of Kelly Wu as Executive Vice President, Corporate Banking Division.

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."

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,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.  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. Wu has also served in transactional and portfolio roles for CIT Group, Congress Financial Corporation and Bank of America. Prior to becoming a banker, Wu worked for Ernst & Young's Entrepreneurial Services Group where he became a California licensed CPA.

Cathay Bank is a subsidiary of Cathay General Bancorp.  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.