Cathay Jan Pieterszoon Coen to embark on an "unfortunate" (for the Dutch) policy of treating the Ming Empire as "merely another 'oriental' kingdom". The last nail into the coffin of the idea of there being a Cathay as a country separate from China was, perhaps, driven in 1654, when the Dutch Orientalist Jacobus Golius met with the China-based Jesuit Martino Martini, who was passing through Leyden. Golius knew no Chinese, but he was familiar with "Zij-i Ilkhani", a work by the Persian astronomer Nasir al-Din al-Tusi, completed in 1272, in which he described the Chinese ("Cathayan") calendar. Upon meeting Martini, Golius
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.