Cathay general bancorp adopts new share repurchase program

Los angeles--(business wire)--cathay general bancorp (the “company”, nasdaq: caty), the holding company for cathay bank, announced that its board of directors has adopted a new share repurchase program authorizing the company to repurchase up to $125,000,000 of the company's common stock. the previous $125,000,000 share repurchase program announced on may 26, 2022, was completed on february 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14. the share repurchases may.
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