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Cathay Bank has announced a $1 million donation to the Cathay Bank Foundation to support organizations that work to promote diverse communities and combat anti-Asian hate crimes and xenophobia.
Throughout the coronavirus pandemic, the United States. has witnessed the struggle of Asian American and Pacific Islanders against increased violence and harassment fueled by prejudice, hatred and xenophobia. Recent attacks throughout the country reflect a significant increase in anti-Asian hate crimes.
“Racism and xenophobia are antithetical to our values and an affront to what we stand for,” said Chang M. Liu, Cathay Bank president and CEO. “We believe in the equality of all people, treating them with fairness, empathy and acceptance. We condemn this violence against Asian Americans as well as against other ethnic groups and will continue to work and support efforts for greater equality in our business, community and society.”
Dunson Cheng, executive chairman of the board, echoed Liu’s statement and call to action.