Cathay Bank Names Albert J. Wang as New Deputy CFO to Strengthen Financial Leadership
Cathay Bank has appointed Albert J. Wang as its new Executive Vice President and Deputy Chief Financial Officer. The experienced financial leader will report directly to the bank's CFO, focusing on fiscal strategy and long-term financial planning. His arrival brings extensive expertise from major banking institutions across the US.
Wang joins Cathay Bank from Webster Bank, where he served as Executive Vice President and Chief Accounting Officer. Before that, he held key financial roles at Santander Bank and acted as interim CFO at Banc of California. His background also includes time at a Big 4 accounting firm, where he specialized in management information systems and large-scale financial projects.
Cathay Bank operates under Cathay General Bancorp, a California-based holding company. The bank currently runs around 68 branches, mostly concentrated in California, New York, Texas, and six other states. Its most recent expansion came in 2021 with the acquisition of 10 HSBC branches in California. Since then, the bank has maintained a steady geographic footprint, focusing on organic growth rather than entering new states.
As a certified public accountant, Wang brings deep technical knowledge to his new role. His responsibilities will include supporting Cathay Bank's financial operations and helping align its goals with broader corporate strategy. The bank provides a full range of financial services, serving customers both in the US and internationally.
Wang's appointment strengthens Cathay Bank's leadership team at a time of stable but deliberate growth. His experience in senior financial roles and regulatory compliance will support the bank's operations across its existing network. The move reflects Cathay's ongoing commitment to financial expertise in its executive ranks.
