People: Cathay General Bancorp (CATY.OQ)
Mr. Kelly L. Chan is Independent Director of the Company and the Bank. Mr. Chan is a long-time owner of Phoenix Bakery Inc., a family-owned retail bakery that began in Los Angeles Chinatown and has been serving the Los Angeles area for over 80 years. Effective November 2017, Mr. Chan was appointed Vice President of Finance of Phoenix Bakery. Mr. Chan is a Certified Public Accountant with over 35 years of experience, and received a Master of Business Administration degree. He served in the U.S. Navy from 1970 to 1973 and in the U.S. Naval Reserve until his retirement in 2000 with the rank of Captain. Also, he has been awarded certification by the UCLA Anderson Graduate School of Management’s Director Training and Certification Program. Mr. Chan has been a Director of Cathay Bank since 1981 and of Bancorp since it was formed as a holding company in 1990. Mr. Chan offers the Board substantial management experience with privately held businesses, which constitute a significant portion of the customers of Cathay Bank. As a Certified Public Accountant, Mr. Chan adds additional expertise in accounting matters, and serves as chairman of the Audit Committee.
|Total Annual Compensation, USD||--|
|Restricted Stock Award, USD||49,980|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||106,750|
|Fiscal Year Total, USD||156,730|