Cathay General Bancorp on Friday said it netted $125 million from its sale of 13.1 million common shares and over-allotment options.

The Los Angeles holding company for Cathay Bank priced the sale at $8.80 per share. The underwriters exercised in full their over-allotment option to purchase an additional 1.9 million shares.

Cathay, which largely caters to the Chinese-American community, recently entered into a memorandum of understanding with the Federal Reserve Bank of San Francisco in December and agreed to take steps to maintain sufficient capital.

Shares closed unchanged at $9 on the Nasdaq.