Cathay Bank


Overview / Commentary
213-625-4791
777 North Broadway Street
Los Angeles, CA 90012

Cathay Bank is headquartered in Los Angeles and is the 12th largest bank in the state of California. It is also the 101st largest bank in the nation. It was established in 1962 and as of December of 2020, it had grown to 1,205 employees at 65 locations. Cathay Bank has an A+ health rating.

Related Posts

Better Than Nothing - 1/27/2021

https://www.cathaybank.com/2021-lunar-new-year-promotion "Bringing home our Lucky Ox is easy! Between February 1 and March 12, simply open a qualified Checking, Savings or Money Market Account with new funds of $20,000 or more, or deposit the new funds in an existing qualified account1, 3. To receive the Gold-Plated Ox Figurine offer, a qualified new personal checking, savings or money market account must be opened during the promotion period with a minimum of $20,000 new funds not currently on deposit at Cathay Bank. Business customers opening a new business checking or business money market account with a minimum of $20,000 new funds also qualify. Consumers with an existing qualified account are also eligible, provided a minimum of $20,000 new money is added to the qualified account. (Additional funds must be added at one time and cannot be cumulative.) Qualified consumer account does not include Student Savings, CD, Student Advantage Checking, or Basic Checking account. New money

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Reviews (2)

Learn Customer Service Please

Posted by: |

My experience with Cathay Bank is poor, in particular with their branch located at Diamond Bar, California. I'd say they offer zero customer service because the employees don't really care about the customers. Let me give an example: As a Chinese American bank, most of their employees are Chinese Americans, so once I went there to deposit some cash, the clerk that attended me gave me a really bad attitude as I handed her a stack of cash, she told me that: you should organize your money before coming! Well, my money was organize (stacked firmly) but that was not her standard, she wanted every single bill to be categorized by their value , placed on the same side ( face of the bill) and orientation. Because apparently they don't use bill counting machines and is their company policy to organize the bills prior counting them by hand. So the clerk gave me a bad attitude because she doesn't feel like doing her job, so it becomes my responsibility to do her job prior coming to the bank. And let me tell you, that they don't even count right, she had to ask another clerk for help because she counted twice and the numbers came out different! What a joke, bad service and waste of time.

Second Worst Experience In My Life.

Posted by: |

(Second Worst Experience in myLlife.)
Cathay Bank
18643 Pioneer Blvd
18643 Pioneer Blvd, Artesia, CA 90701
100% DISCRIMINATION 2 the human race Worst Bank ever
2 cash paid roll checks
You need 2 California ID
Verification of Address
1 debit credit card
Sign your check
Fingerprints
and wait because computer system 2 slow and after all this Bull Shit. There call 2 my company to see if they can change my check., Worst bank in the USA. Worst Worst 100% DISCRIMINATION 2 the human race.



Health
A+

Health Grade Components

Overall
FDIC Certificate #18503
Year Established1962
Employees1205
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD9.77%
Annual Interest Income$701.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$19.02B$18.07B
LoansQ4 2020vs Q4 2019$15.50B$15.00B
DepositsQ4 2020vs Q4 2019$16.16B$14.73B
Equity CapitalQ4 2020vs Q4 2019$2.47B$2.37B
Loan Loss AllowanceQ4 2020vs Q4 2019$166.5MM$123.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$70.7MM$46.9MM
Real Estate OwnedQ4 2020vs Q4 2019$4.9MM$7.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cathay Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cathay Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Student Savings
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Statement Savings
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Passbook Savings
OTHER TIERS: 0.05% Up to $50k

Cathay Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$1m*-Smart Money Market
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.15% $100k - $300k | 0.25% $300k - $500k | 0.30% $500k - $1m
0.40%*$1m*-Optima Money Market
OTHER TIERS: 0.05% Up to $100k | 0.15% $100k - $300k | 0.25% $300k - $500k | 0.30% $500k - $1m

Cathay Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Cathay ValuePlus
OTHER TIERS: 0.05% $2k - $25k

Cathay Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*$100k2 Year - 35 Month CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100k3 Year - 5 Year CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100kBusiness 2 Year - 35 Month CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100kBusiness 3 Year - 5 Year CD
OTHER TIERS: 0.35% $2.5k - $50k
0.35%*$50k*$100k1 Year - 23 Month CD
OTHER TIERS: 0.30% $2.5k - $50k
0.35%*$50k*$100kBusiness 1 Year - 23 Month CD
OTHER TIERS: 0.30% $2.5k - $50k
0.30%*$50k*$100k3 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100k6 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100kBusiness 3 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100kBusiness 6 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.20%*$50k*$100k7 - 31 Day CD
OTHER TIERS: 0.10% $2.5k - $50k
0.20%$2.5k$100k1 Month CD
0.20%*$50k*$100kBusiness 7 - 31 Day CD
OTHER TIERS: 0.10% $2.5k - $50k
0.20%$2.5k$100kBusiness 1 Month CD
Locations

Availability



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