February 8, 2010 (FinancialWire) — Cathay General Bancorp (NASDAQ: CATY), the holding company for Cathay Bank, said it has completed an offering of 13,068,182 shares of its common stock.

The company said that the underwriters for the offering have exercised in full their over-allotment option to purchase an additional 1,960,227 shares of common stock. The net proceeds from the offering to the company were around $125.2 million.

Los Angeles-based Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. Cathay Bank operates 31 branches in California, eight branches in New York State, one in Massachusetts, two in Texas, three in Washington State, three in the Chicago, Illinois area, one in New Jersey, one in Hong Kong, and a representative office in Shanghai and in Taipei.

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