Cathay Bank
Unclaimed Property

Cathay Bank currently holds $36.5 million in unclaimed property across 17,307 separate records in California, representing forgotten money from former customers. As a major Asian-American commercial bank, most of these unclaimed funds originate from dormant checking and savings accounts, abandoned safe deposit boxes, uncashed cashier's checks, and unused account balances where customers moved without updating their address or simply forgot about smaller accounts.

Cathay Bank is one of the largest Chinese-American banks in the United States, offering personal and business banking services including checking accounts, savings accounts, CDs, safe deposit boxes, and commercial lending. Customers typically lose track of Cathay Bank funds when they move without forwarding address updates, close accounts but leave small residual balances, abandon safe deposit boxes after relocating, or when elderly account holders pass away and beneficiaries are unaware of the accounts.

The highest concentrations of unclaimed Cathay Bank property are found in Los Angeles, San Francisco, and other major metropolitan areas where the bank has significant branch presence and serves large Asian-American communities. Founded in 1962 and headquartered in Los Angeles, Cathay Bank has grown through various acquisitions over the decades, meaning some account holders may not immediately recognize the bank name if their original institution was acquired and rebranded.

The average claim from Cathay Bank is $2.2K.