Cathay General Bancorp appointed Ms. Lana Chan to serve as a director of both the Company and the Bank. She will begin serving as a Class I director effective as of February 4, 2026. The Class I directors will hold office until the 2027 annual meeting of stockholders and their successors are elected and qualified.
The Company has not yet determined whether Ms. Chan will be assigned to any board committee. To the extent the Company decides it will appoint Ms. Chan to any board committee, the Company will file an amended Form 8-K to disclose Ms. Chan's committee assignments. As of the same date, in connection with the appointment, Jane Jelenko, a member of the board of directors of the Company and the Bank, notified the Company of her intention to retire effective April 30, 2026.
Following the appointment of Ms. Chan and retirement of Ms. Jelenko, the Company will have twelve directors, 8 of whom will be considered to be independent. Lana Chan is a seasoned financial expert with over 30 years of experience in stock market analysis, risk assessment, and strategic advisory. From 2005 to 2020, Lana served as a sell-side equity research analyst and Managing Director at BMO Capital Markets, focused on the banking industry.
During her tenure, she provided analysis on bank profitability, credit and liquidity risk, and long-term strategy, with a specialized focus on niche markets including the Asian-American and high-net-worth banks. Most recently, she provided consulting services for Cathay Bank from September 2022 to September 2025, where she advised senior management on institutional investor visibility and engagement. Ms. Chan holds a B.S. degree with a double major in Finance and Information Systems.
