Cathay Hisao Migo (, a Japanese botanist) published a paper describing "Iris cathayensis" (meaning "Chinese iris") in the "Journal of the Shanghai Science Institute". Below is the etymological progression from Khitan to Cathay as the word travelled westward: In many Turkic and Slavic languages a form of "Cathay" (e.g., , "Kitay") remains the usual modern name for China. In Javanese, the word ꦏꦠꦻ (Katai, Katé) exists, and it refers to 'east asian', literally mean 'dwarf' or 'short-legged' in today's language. "Travels in the Land of Kublai Khan" by Marco Polo has a story called "The Road to Cathay". In the English
Cathay Bank plans to acquire a 20% stake in First Sino Bank, but the deal fell through due to the companies failing to get approval from the Chinese government. On March 30, 2007, Cathay expanded into New Jersey when it completed its acquisition of United Heritage Bank. In 2007, Cathay Bank converts its Hong Kong Representative office into a full service branch. On January 21, 2015, Cathay General Bancorp, the holding company for Cathay Bank, and Asia Bancshares, the holding company for Asia Bank, N.A., announced that they have entered into a definitive agreement for the merger of Asia Bancshares into Cathay.