East West Bancorp
TypePublic
Nasdaq: EWBC
S&P 400 Component
FoundedAugust 26, 1998 (1998-08-26)
SubsidiariesEast West Bank
Websitewww.eastwestbank.com

East West Bancorp is the parent company of East West Bank. It is a publicly owned company with $42.1 billion in assets as of April 18, 2019.[1] The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank of California as of 2023.[2]

Operations

It is focused exclusively on the United States and Greater China markets and operates over 120 locations worldwide, including in California, Georgia, Massachusetts, Nevada, New York, Texas, and Washington. In China, there are full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen,[3] and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen.[4] It provides both retail and commercial banking.[5]


History

In 1973, the East West Federal Bank (now East West Bank) was founded by F. Chow Chan, Betty Tom Chu, Richard K. Quan, Gilbert L. Leong, Philip Chow, John A Nuccio, Christopher L. Pocino, and John M. Lee.[6] Its focus was to serve the Chinese American community in southern California.

On May 28, 1999, East West Bancorp completed a $13.5 million acquisition of First Central Bank, N. A. in an all-cash transaction.[7]

Management

In 1992, Dominic Ng was named the Chairman, CEO and President.[8] He replaced Kellogg Chan, who retired.[6] In January 2010, Irene H. Oh was promoted to EVP and CFO. She replaced Thomas J. Tolda, who resigned.[9] Gregory L. Guyett was appointed as the President and COO in October 2016.[10]

References

  1. ↑ "East West Bank Press Release First Quarter 2019". April 18, 2019.
  2. ↑ "'Everybody Else Left or They Died:' California Bank Grows Simply by Surviving". Bloomberg.com. 2023-08-23. Retrieved 2023-08-24 – via www.bloomberg.com.
  3. ↑ “East West Bank Becomes First L.A. Bank With Branch In Shenzhen”, Forbes, November 18, 2014
  4. ↑ "East West Bank Find a Location"
  5. ↑ "East West Bancorp, Inc. (EWBC)". finance.yahoo.com. Retrieved May 26, 2017.
  6. 1 2 "Chinese History Society of Southern California - East West Bank 2007 Honorees". chssc.org. Retrieved May 26, 2017.
  7. ↑ "East West Bancorp Completes Acquisition of First Central Bank".
  8. ↑ "East West Bancorp Officers & Directors". eastwestbank.com. Retrieved May 26, 2017.
  9. ↑ "East West Bancorp, Inc. Appoints Irene H. Oh Executive Vice President and Chief Financial Officer". eastwestbank.com. Retrieved May 26, 2017.
  10. ↑ "East West Bancorp, Inc. Appoints Gregory L. Guyett as President and Chief Operating Officer". businesswire.com. 5 October 2016. Retrieved May 26, 2017.
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