LOS ANGELES, March 31, 2021 / PRNewswire / – Cathay Bank is pleased to announce the opening of a new commercial banking office in Woodland Hills, which will cover businesses in the San Fernando Valley, parts of the west of Los Angeles, the Santa Clarita Valley and Ventura County. The new office is home to a growing team of seasoned commercial lenders with long-standing professional connections in the Valley.

Jim Haney, Executive Vice President and Chief Loan Officer, said, “We are delighted to increase our physical presence in the San Fernando Valley, expand our commercial banking team and bring it closer to the businesses it serves. . We are convinced that their experience and knowledge will contribute to the growth of our clients and to the success of the Bank. “

Led by Jeffrey Heisinger, Senior Vice President, the team provides a full range of commercial banking services provided by Cathay Bank, including working capital lines of credit, commercial real estate loans, equipment loans, corporate accounts. operations, treasury management services, as well as international financing. and foreign currencies. Cathay Bank also participates in the PPP loan program.

“I am delighted to expand the reach of the bank and provide a wide range of commercial banking solutions to the region’s business community,” said Heisinger. “Cathay Bank was founded as a commercial bank in Los Angeles over 50 years ago, and we look forward to introducing our unique banking brand to new customers.”

The San Fernando Valley Commercial Banking Office is located at 6320 Canoga Avenue in Woodland Hills. He joined the bank’s Northridge branch at 9045 Corbin Ave. to serve the greater San Fernando Valley area.

About Banque Cathay Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), offers a wide range of financial services in nine states of the United States as well as a branch in Hong Kong and representative offices in Beijing, Shanghai and Taipei. Founded in 1962 to support the growing Chinese-American community in Los Angeles, over the past half century the bank has grown and grown with its clients, providing them with the tools and services they need to achieve their goals. . Learn more about cathaybank.com. FDIC insurance coverage is limited to deposit accounts at national branches of Cathay Bank in the United States.

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SOURCE Cathay Bank