Peter Wu Biography and Net Worth

Vice Chairman of Cathay General Bancorp

Peter Wu Ph.D. serves as Vice Chairman of the Board of the Company and the Bank of the Company. He has been Vice Chairman of the Board of Bancorp and Cathay Bank since 2014, and a Director, Chairman of the Board, President, and Chief Executive Officer of Cathay Bank Foundation since 2005. He was Chief Operating Officer of Bancorp and Cathay Bank from 2003 to 2014, and Executive Vice Chairman of the Board of Bancorp and Cathay Bank from 2003 to 2014. He was the Chairman of the Board of GBC Venture Capital, Inc. from 1997 to 2014 and President and Chief Executive Officer of GBC Venture Capital, Inc. from 2003 to 2014. Prior to joining Bancorp, Mr. Wu was a co-founder, Chairman of the Board, President, and Chief Executive Officer of General Bank and its publicly-held bank holding company, GBC Bancorp, until they merged with Cathay Bank and Bancorp in 2003. Mr. Wu received a Ph.D. in Mathematics. He has been a Director of Bancorp and Cathay Bank since 2003. Mr. Wu provides commercial banking and managerial experience to Bancorp and Cathay Bank gained from his executive management positions with GBC Bancorp and General Bank, of which he was a co-founder, and then Bancorp and Cathay Bank. He also provides institutional knowledge of the history and operations of General Bank and GBC Bancorp.

What is Peter Wu's net worth?: The estimated net worth of Peter Wu is at least $15.03 million as of November 6th, 2024. Dr. Wu owns 295,252 shares of Cathay General Bancorp stock worth more than $15,025,374 as of December 16th. This net worth evaluation does not reflect any other investments that Dr. Wu may own. Learn More about Peter Wu's net worth.
How do I contact Peter Wu?: The corporate mailing address for Dr. Wu and other Cathay General Bancorp executives is 777 N BROADWAY, LOS ANGELES CA, 90012. Cathay General Bancorp can also be reached via phone at (213) 625-4700 and via email at [email protected]. Learn More on Peter Wu's contact information.
Has Peter Wu been buying or selling shares of Cathay General Bancorp?: During the past quarter, Peter Wu has sold $2,457,747.45 in Cathay General Bancorp stock. Most recently, Peter Wu sold 40,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.87, for a transaction totalling $2,114,800.00. Following the completion of the sale, the insider now directly owns 295,252 shares of the company's stock, valued at $15,609,973.24. Learn More on Peter Wu's trading history.
Who are Cathay General Bancorp's active insiders?: Cathay General Bancorp's insider roster includes Kim Bingham (EVP), Dunson Cheng (Executive Chairman of the Board), Anthony Tang (Vice Chairman), and Peter Wu (Vice Chairman). Learn More on Cathay General Bancorp's active insiders.
Are insiders buying or selling shares of Cathay General Bancorp?: During the last year, insiders at the bank sold shares 7 times. They sold a total of 93,590 shares worth more than $4,532,778.24. The most recent insider tranaction occured on November, 6th when Vice Chairman Peter Wu sold 40,000 shares worth more than $2,114,800.00. Insiders at Cathay General Bancorp own 4.8% of the company. Learn More about insider trades at Cathay General Bancorp.
Information on this page was last updated on 11/6/2024.

Peter Wu Insider Trading History at Cathay General Bancorp

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
11/6/2024	Sell	40,000	$52.87	$2,114,800.00	295,252
10/30/2024	Sell	7,289	$47.05	$342,947.45	347,963
7/26/2024	Sell	20,000	$45.19	$903,800.00	355,252
11/9/2022	Sell	2,905	$45.05	$130,870.25	392,347
8/27/2021	Sell	20,000	$39.74	$794,800.00
2/2/2018	Sell	33,045	$44.36	$1,465,876.20	12,976
2/1/2017	Sell	50,000	$36.32	$1,816,000.00	12,976
8/30/2016	Sell	30,000	$31.30	$939,000.00
11/24/2015	Sell	42,230	$34.32	$1,449,333.60	12,976
3/3/2015	Sell	6,500	$26.12	$169,780.00
12/17/2013	Sell	3,381	$25.54	$86,350.74	27,836
3/25/2013	Sell	2,308	$20.18	$46,575.44

Peter Wu Buying and Selling Activity at Cathay General Bancorp

Cathay General Bancorp Company Overview

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.

Today's Range

Now: $51.06

$50.35

$51.10

50 Day Range

MA: $48.96

$42.09

$53.85

2 Week Range

Now: $51.06

$33.88

$55.29

Volume

309,262 shs

Average Volume

325,392 shs

Market Capitalization

$3.64 billion

P/E Ratio

12.86

Dividend Yield

2.67%

Beta

1.12

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