July 22, 2014 9:22 PM ET

Banks

Company Overview of East West Bank

Company Overview

East West Bank, an independent commercial bank, provides personal and business banking products and services in the United States, China, and Taiwan. The company provides checking and savings accounts, certificate of deposits, prepaid gift cards, income property loans, home loans, mortgages, home equity lines of credit, auto loans, personal credit cards, and Internet banking services to individual customers. It also offers checking and savings accounts, money market accounts, equipment lease financing, treasury management services, online banking services, business credit cards, working capital financing, commercial term loans, SBA loans, and real estate loans to business customers, as well ...

135 North Los Robles Avenue

7th Floor

Pasadena, CA 91101

United States

Founded in 1972

Phone:

626-768-6000

Fax:

626-817-8818

Key Executives for East West Bank

Chairman
Age: 55
Vice Chairman
Age: 54
Chief Financial Officer
Age: 36
Compensation as of Fiscal Year 2014.

East West Bank Key Developments

East West Bank Presents at Milken Institute Global Conference 2014, Apr-29-2014 02:30 PM

East West Bank Presents at Milken Institute Global Conference 2014, Apr-29-2014 02:30 PM. Venue: Lon Angeles, California, United States. Speakers: Julia S. Gouw, Vice Chairman, President and Chief Operating Officer.

East-West Bank Reports Earnings Results for the First Nine Months of 2013; Plan to Increase Number of Branches to 400 by First Quarter 2014 from 337 at the End of September 2013

East-West Bank reported earnings results for the first nine months of 2013. The company reported a 28% increase in net income year- on-year, before eliminating entries. Net interest income increased by 41% to PHP 6.1 billion, the result of double-digit growth in lending coupled with the decline in the cost of funds. Fee-based in- come was increased by 51% to PHP 2.3 billion. The increase primarily came from service charges, fees, commissions and other charges, mainly attributable to the increasing deposit base and consumer loan portfolio which attract transaction and service fees. Trading and securities gains were increased by 28% to end at PHP 1.5 billion as of third quarter of 2013. Most of these trading gains were booked in the first half of the year. The company expects to further grow its deposit base by increasing the number of branches to 400 by first quarter 2014 from 337 at the end of September 2013.

East West Bank Seeks Acquisitions

East West Bank seeks acquisitions. "We're looking for the right opportunity to acquire a bank," Liu said. "We're positioned as a business bank; we do corporate banking. In the future, when we want to expand into retail banking (in Houston), we'll look into either organic growth or through an acquisition. In the past 40 years, we've done lots of acquisitions," said Esau Liu, Manager of the East West Bank's southwest region.

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