East West Bancorp

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 independent bank headquartered in southern California. It is focused exclusively on the United States and Greater China markets and operates over 130 locations worldwide, including in California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In Greater China, there are full service branches in Hong Kong, Shanghai, Shantou and Shenzhen,[2] and representative offices in Beijing, Chongqing, Guangzhou, Taipei and Xiamen.[3] It provides both retail and commercial banking.[4]

East West Bancorp
TypePublic company
NASDAQ: EWBC
S&P 400 Component
SubsidiariesEast West Bank
Websitewww.eastwestbank.com

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

Management

In 1992, Dominic Ng was named the Chairman, CEO and President.[7] 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.[8] Gregory L. Guyett was appointed as the President and COO in October 2016.[9]

References
  1. "East West Bank Press Release First Quarter 2019". April 18, 2019.
  2. “East West Bank Becomes First L.A. Bank With Branch In Shenzhen”, Forbes, November 18, 2014
  3. "East West Bank Find a Location"
  4. "East West Bancorp, Inc. (EWBC)". finance.yahoo.com. Retrieved May 26, 2017.
  5. "East West Bancorp Completes Acquisition of First Central Bank".
  6. "Chinese History Society of Southern California - East West Bank 2007 Honorees". chssc.org. Retrieved May 26, 2017.
  7. "East West Bancorp Officers & Directors". eastwestbank.com. Retrieved May 26, 2017.
  8. "East West Bancorp, Inc. Appoints Irene H. Oh Executive Vice President and Chief Financial Officer". eastwestbank.com. Retrieved May 26, 2017.
  9. "East West Bancorp, Inc. Appoints Gregory L. Guyett as President and Chief Operating Officer". businesswire.com. Retrieved May 26, 2017.
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