“While we all believe in the importance of the fight against anti-Asian sentiment and violence, actions speak louder than words,” he said. “Cathay Bank wants to show our support by providing funds to organizations that serve the Asian American communities and provide invaluable education to the community at large.”
Cathay Bank Foundation has been a longstanding supporter of the following organizations in their fight against hate crimes and discrimination in the Asian American communities: Rising Sun Center for Opportunity, Asian Americans Advancing Justice, National Asian American Coalition, National Diversity Coalition, Pacific Asian Consortium in Employment (PACE), Asian Pacific Community Fund, Center for Asian Americans United for Self-Empowerment (CAUSE), Vermont Slauson EDC and East Bay Asian Local Development Corp (EBALDC). The $1 million donation will further the foundation’s efforts in supporting such and other similar organizations’ ongoing efforts in combating discrimination.
Cathay Bank was founded in 1962 to meet a need for banking during a period when Asians often experienced difficulties accessing financial services. “Then, as now, we are committed to our purpose to open doors to opportunity to help our customers, employees and communities thrive,” according to a company statement. “We will continue our financial donations and volunteer service to contribute to our local communities and those in need, including support for education, affordable housing, business development, health, and safety.”
Cathay Bank Stands Against Anti-Asian Hate, Discrimination
