East West Bancorp, Inc. is a publicly traded financial holding company headquartered in Pasadena, California. It serves as the parent company of East West Bank, a full-service commercial bank that began operations in 1973 as a federally chartered savings institution focused on serving the Chinese-American community in Los Angeles. Over the years, East West Bank has expanded its services and footprint, evolving into a bridge between the U.S. and Greater China markets. The bank operates more than 100 locations across the United States and Asia, providing a wide array of financial services to diverse communities.
East West Bank offers a comprehensive suite of banking services, including personal and business banking, commercial lending, and wealth management. Its personal banking services encompass checking and savings accounts, home loans, and online banking solutions. For businesses, the bank provides services such as commercial loans, real estate financing, and treasury management. Additionally, East West Bank offers wealth management services, including investment management, insurance planning, and trust and estate planning, catering to the financial needs of individuals and businesses alike.
The bank has a history of strategic acquisitions that have bolstered its growth and market presence. Notable acquisitions include Pacific Coast Savings in 1991, Trust Bank in 2004, and United Commercial Bank in 2009. These acquisitions have expanded East West Bank's reach and enhanced its ability to serve a broader customer base. Under the leadership of Chairman and CEO Dominic Ng since 1992, the bank has focused on delivering consistent financial performance and fostering strong community relationships.
East West Bancorp has received recognition for its financial strength and performance. It has been ranked as the top-performing bank in the U.S. by Bank Director in the $50 billion and above asset category for consecutive years. The bank's commitment to excellence is reflected in its robust asset base, diversified service offerings, and dedication to serving both domestic and international markets. East West Bancorp continues to play a significant role in the financial industry, bridging cultural and economic gaps between the East and the West.