Cathay General Bancorp has announced a new share repurchase program, authorizing the company to buy back up to $150 million of its common stock. This follows the completion of a previous $125 million program, where 2,905,487 shares were repurchased at an average cost of 43.02. The repurchases will be conducted based on market conditions and other factors, with potential suspension or modification of the program at any time.
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