Skip to main content

Cathay General Bancorp

(CATY) - Get Cathay General Bancorp Report

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

New Asia Bancorp

TheStreet Recommends

, 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.

This story was created through a joint venture between TheStreet.com and IRIS.