Cathay General Bancorp (CATY), the holding company for Cathay Bank, said that its board has adopted a new share repurchase program authorizing the company to repurchase up to $125 million of the company's common stock.
The previous $125 million share repurchase program announced on May 26, 2022, was completed on February 21, 2023, with the repurchase of 2.90 million shares at an average cost of $43.14, the company said.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.