Cathay General Bancorp Announces Retirement of Chief Financial Officer and Appointment of Successor

January 23, 2026 - 23:16

LOS ANGELES, January 23, 2026--Cathay General Bancorp, the holding company for Cathay Bank, has announced a forthcoming change in its financial leadership. Heng W. Chen will retire from his roles as Chief Financial Officer of both the company and the bank, as well as Treasurer of the holding company, effective March 1, 2026.

Chen's retirement concludes a distinguished career spanning nearly 42 years in auditing and finance. He dedicated 23 of those years to service at Cathay, overseeing the institution's financial strategy and reporting through a significant period of growth and regulatory evolution. The company acknowledged his substantial contributions and leadership over more than two decades.

Stepping into the CFO role will be Albert J. Wang, who currently holds the position of Deputy Chief Financial Officer. The internal promotion is designed to ensure a seamless transition and continuity in financial management. Wang brings extensive institutional knowledge and experience to the position, having worked closely with the outgoing executive.

The leadership change represents a planned succession as the company prepares for its next chapter. The transition period will allow for the orderly transfer of responsibilities before Chen's official retirement date. The announcement underscores the bank's commitment to stable governance and experienced financial stewardship for its customers and shareholders.