Cathay General Bancorp (CATY), the holding company for Cathay Bank, announced that
its Board has adopted a new share repurchase program authorizing the company to repurchase up to $150 million of the company's common stock.
The previous $125 million share repurchase program announced on May 28, 2024, was completed on February 28, 2025, with the repurchase of about 2.91 million shares at an average cost of $43.02.
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