Key Developments For Cathay General Bancorp
Cathay General Bancorp (CATY.O) (Nasdaq)
Cathay General Bancorp. Declares Dividend Of $0.01 Per Share
Cathay General Bancorp. announced that its Board of Directors declared a cash dividend of one cent per common share payable on December 8, 2009, to stockholders of record at the close of business on November 27, 2009.
Cathay General Bancorp. Closes $76.0 Million Public Offering of Common Stock
Cathay General Bancorp. announced that it has completed its previously announced offering of 7,614,571 shares of its common stock and that the underwriter for the offering has exercised in full its over-allotment option to purchase an additional 1,142,185 shares of common stock. The net proceeds from the offering to the Company were approximately $76.0 million. BofA Merrill Lynch acted as sole bookrunner for the offering.
Cathay General Bancorp. Prices $70.4 Million Public Offering Of Common Stock
Cathay General Bancorp. announced that it has priced an offering of 7,614,571 shares of its common stock at an initial price to the public of $9.25 per share, or $70.4 million in aggregate gross proceeds. The closing is expected to occur on or about October 19, 2009. The Company has granted the underwriter a 30 day option to purchase up to an additional 1,142,185 shares of its common stock to cover over allotments, if any. BofA Merrill Lynch is acting as sole book runner for the offering. The Company expects to use the net proceeds of the offering for general corporate purposes and, subject to regulatory requirements, may use some or all of the net proceeds of the offering for acquisitions.
Cathay General Bancorp. Announces Public Offering of Common Stock
Cathay General Bancorp. announced that it has commenced a public offering for gross proceeds up to $70.5 million of its common stock. The Company has granted the underwriter a 30-day option to purchase up to an additional $10.5 million of its common stock to cover over-allotments, if any. BofA Merrill Lynch is acting as sole bookrunner for the offering.
Cathay General Bancorp. May Sell $100 Million Of Securities-DJ
Dow Jones reported that Cathay General Bancorp. registered with the Securities and Exchange Commission to sell from time to time up to $100 million of common or preferred stock. The Company said that any proceeds would be put in its general funds and that it may temporary invest it in short term instruments beforehand. Potential uses include debt repayment and acquisitions.
