Cathay Bank To Acquire 10 Branches And Select West Coast Loans And Deposits From HSBC
Cathay General Bancorp announced that its subsidiary bank, Cathay Bank, has entered into a purchase and assumption agreement with HSBC Bank USA, National Association (“HSBC”), to purchase 10 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.......