leadership
confidence high
sentiment neutral
materiality 0.55
Cathay General Bancorp CFO Heng W. Chen to retire March 1, 2026; Albert J. Wang named successor
CATHAY GENERAL BANCORP
- Heng W. Chen retires as CFO and Treasurer effective March 1, 2026, after 23 years at Cathay.
- Albert J. Wang, current Deputy CFO, promoted to CFO and Treasurer; base salary $500,000.
- Chen will serve as Special Advisor to President through Dec 2026 at $15,000/month.
- Wang previously EVP & CAO at Webster Bank (2017-2025) and interim CFO at Banc of California.