Cathay Bank Provides $30MM Facility to HZO

HZO has closed on $70 million in new financing, comprised of $40 million of series IV preferred stock and $30 million of new credit facilities provided by Cathay Bank for capital equipment and working capital.

Cathay Bank Business Capital Expands ABL Team

Cathay Bank Business Capital appointed Jim Campbell as FVP/portfolio manager, Sam Cirelli as FVP/senior relationship manager and Albert Perez as FVP/underwriting manager, expanding its ABL team.

Cathay Bank Names Former HSBC Exec Wilson SVP/Manager of Oil and Gas

Cathay Bank appointed Dale Wilson as senior vice president and manager of its Oil and Gas Group based in Houston.