Summary
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. Its loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, and equipment financing, as well as financing services to clients needing a financial bridge to facilitate their business transactions between the United States and China. The company also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. As of January 27, 2022, it operated approximately 120 locations in the United States and China; full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen; and representative offices in Beijing, Chongqing, Guangzhou, Taipei, and Xiamen. East West Bancorp, Inc. was incorporated in 1998 and is headquartered in Pasadena, California.
History
In 1973, the East West Federal 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. Its focus was to serve the Chinese American community in southern California.
Mission
Our culture fosters an entrepreneurial spirit, absolute integrity, and a commitment to honesty and openness. With a common goal of exceeding our customer's expectations while anticipating their needs, we empower associates to seek creative solutions and processes to constantly improve the customer experience.
Vision
To be recognized as the Premier Bridge between East and West, and acknowledged for delivering relationship driven financial solutions to an increasingly diverse and sophisticated customer base.
Key Team
Mr. Douglas Paul Krause Sr. (Vice Chairman & Chief Corp. Officer)
Julianna Balicka (Head of Investor Relations)
Ms. Lisa L. Kim Esq. (Exec. VP, Gen. Counsel & Corp. Sec.)
Mr. Gary Teo (Sr. VP & Head of HR)
Mr. Bennett Pozil (Head of Corp. Banking - East West Bank and Exec. VP of East West Bank)
Mr. Robert Lo (Head of Commercial Real Estate Banking - East West Bank and Exec. VP of East West Bank)
Recognition and Awards
East West Bancorp has been recognized for its commitment to its customers for many years. In 2016, it was named by Fortune Magazine as one of the top 50 best banks in the nation for its customer service. The bank has also been recognized for its commitment to supporting the local Asian American community and has won numerous awards for its philanthropy in this area.
References
United States 