East West Bancorp is the parent company of East West Bank. It is a publicly owned company with nearly $70 billion in assets as of December 31st 2023.[1] The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023.[2] East West earned the top spot in S&P Global Market Intelligence's 2022 Ranking of U.S. Public Banks by Financial Performance.[3]
| Company type | Public |
|---|---|
| Nasdaq: EWBC S&P 400 Component | |
| Founded | August 26, 1998 |
| Subsidiaries | East West Bank |
| Website | eastwestbank |
Operations
East West has more than 120 locations in the United States and Asia.[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
External links
- Official website
- Business data for East West Bancorp: