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Cathay General Bancorp

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, the holding company for Cathay Bank, said Wednesday that it completed its acquisition of

New Asia Bancorp

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, the holding company for

New Asia Bank


On July 6, the L.A.-based company entered into a merger agreement with New Asia Bancorp to acquire New Asia Bancorp and New Asia Bank, which is based in the Chicago area, for $23.46 million in cash and stock.

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