Last $35.81 USD
Change Today -0.375 / -1.04%
Volume 532.1K
EWBC On Other Exchanges
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Berlin
NASDAQ GS
As of 8:10 PM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

135 North Los Robles Avenue

7th Floor

Pasadena, CA 91101

United States

Phone: 626-768-6000

Fax:

East West Bancorp, Inc. operates as the bank holding company for East West Bank (the bank) that focuses on the financial services needs of individuals and businesses, which operate both in the United States and Greater China. Through its network of 119 banking locations in the United States, China and Hong Kong, the company provides a range of personal and commercial banking services to small- and medium-sized businesses, business executives, professionals, and other individuals. The company offers multilingual services to its customers in English, Cantonese, Mandarin, Vietnamese, and Spanish. The company also offers various deposit products, which includes the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The company’s lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration, inventory, and working capital loans. Its commercial borrowers are engaged in various manufacturing, wholesale trade, and service businesses. In addition, the company is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States. The company owns East West Insurance Services, Inc. that provides business and consumer insurance services primarily to the Southern California market. Segments The company’s segments include Retail Banking and Commercial Banking. The Retail Banking segment focuses primarily on retail operations through the bank’s branch network. The Commercial Banking segment, which includes commercial, industrial, and commercial real estate, primarily generates commercial loans through the efforts of the commercial lending offices located in the company’s production offices in California, New York, Texas, and the New England region, among others. Furthermore, the Commercial Banking segment also offers various international finance and trade services and products. Investment Securities The company’s investment securities portfolio primarily consists of U.S. treasury securities, U.S. government agency securities, U.S. government sponsored enterprise debt securities, U.S. government sponsored enterprise and other mortgage-backed securities, municipal securities, and corporate debt securities. Investments classified as available-for-sale are carried at their estimated fair values with the corresponding changes in fair values recorded in accumulated other comprehensive income or loss, as a component of stockholders’ equity. Market Area The company has 94 branches located in Northern and Southern California. Additionally, the company has six branches in New York, four branches in Georgia, two branches in Massachusetts, one branch in Nevada, one branch in Texas, and four branches in Washington. In Greater China, East West’s presence includes three full-service branches in Hong Kong, in Shanghai, and in Shantou. The company operates in China as East West Bank China (Limited), a full-service bank and wholly owned subsidiary of East West Bank. The company also has three representative offices in China located in Beijing, Guangzhou and Shenzhen and one in Taipei, Taiwan. Regulations The company and the bank are extensively regulated under both federal and state laws. Regulation and supervision by the federal and state banking agencies are intended primarily for the protection of depositors and the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation and not for the benefit of stockholders. The company’s business is influenced by the monetary and fiscal policies of the federal government and the policies of regulatory agencies, particularly the Board of Governors of the Federal Reserve System. The company and its subsidiaries are subject to examination by, and may be required to file reports with, the Department of Financial Institutions. The company's securities are registered with the Securities Exchange Commission under the Exchange Act and listed on the Nasdaq stock market. As such, the company is subject to the information, proxy solicitation, insider trading, corporate governance, and other requirements and restrictions of the Exchange Act. The company is subject to the accounting oversight and corporate governance requirements of the Sarbanes-Oxley Act of 2002. History East West Bancorp, Inc. was founded in 1998. The company was incorporated in Delaware in 1998.

 

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