Cathay that now they "were" living in the Great Cathay. This all made them quite convinced that Cathay is indeed China. China-based Jesuits promptly informed their colleagues in Goa (Portuguese India) and Europe about their discovery of the Cathay-China identity. This was stated e.g. in a 1602 letter of Ricci's comrade Diego de Pantoja, which was published in Europe along with other Jesuits' letters in 1605. The Jesuits in India, however, were not convinced, because, according to their informants (merchants who visited the Mughal capitals Agra and Lahore), Cathay – a country that could be reached via Kashgar – had a
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.