SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 7, 2022
CATHAY GENERAL BANCORP
(Exact name of registrant as specified in its charter)
|
Delaware
|
|
001-31830
|
|
95-4274680
|
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer Identification No.)
|
| 777 North Broadway, Los Angeles, California |
90012
|
| (Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (213)
625-4700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
Common Stock
|
CATY
|
The Nasdaq Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the
Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On February 7, 2022, Cathay General Bancorp (the “Company”) issued a press release announcing that its subsidiary bank, Cathay Bank, has completed the
previously disclosed purchase from HSBC Bank USA, National Association (“HSBC”) of ten HSBC retail branches in California and additional loans and deposits associated with HSBC’s West Coast mass retail market consumer banking business and retail
business banking business. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Form 8-K and the exhibit attached to this Form 8-K contains certain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Such risks and uncertainties and other factors include, but are not limited to, the Company’s
ability to realize anticipated cost savings, economies of scale and/or revenue and business franchise enhancements from the transaction within expected time frames or at all; higher than anticipated transaction costs; deposit attrition, operating
costs, client loss and business disruption following the transaction, including difficulties in maintaining relationships with employees and clients, may be greater than expected; local, regional, national and international economic and market
conditions and events and the impact they may have on clients, assets, and liabilities of the Company and HSBC; the Company’s success at managing the risks involved in the foregoing items and all other factors set forth in the Company’s filings
with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2020, and particularly the discussion of risk factors within that document. Actual results in any future period may also vary from any past results discussed
in this Form 8-K and the exhibit attached to this Form 8-K. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, the Company undertakes no obligation to update or review any forward-looking statement to reflect circumstances, developments or events occurring after the date on which the statement is made or
to reflect the occurrence of unanticipated events.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
Date: February 7, 2022
|
|
CATHAY GENERAL BANCORP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Heng W. Chen
|
|
|
|
|
Heng W. Chen
|
|
|
|
|
Executive Vice President and Chief Financial Officer
|