East West Bancorp, Inc. operates as the bank holding company for East West Bank (the bank) that provides a range of personal and commercial banking services. Banking Services The company focuses on the financial services needs of individuals and businesses which operate both in the United States and Greater China, as well as having a focus on the Chinese American community. It 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. Lending Activities The company’s lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory, and working capital loans. Its commercial borrowers are engaged in a variety of manufacturing, wholesale trade, and service businesses. The company provides commercial business loans to small- and medium-sized 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. 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. Deposits The company offers a variety of 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. Market Area The company concentrates on marketing its services primarily in the greater Los Angeles metropolitan area and the greater San Francisco Bay area. It has 95 branches located in northern and southern California. Additionally, it has six branches in New York, four branches in Georgia, two branches in Massachusetts, one branch in Texas, and four branches in Washington. In Greater China, the company’s presence includes three full-service branches in Hong Kong, in Shanghai, and in Shantou. The company operates in China, as a full-service bank under East West Bank China (Limited), a wholly owned subsidiary of East West Bank. It 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 FRB). The company and its subsidiaries are subject to examination by, and may be required to file reports with, the Department of Financial Institutions (DFI). DFI approvals may also be required for certain mergers and acquisitions. Securities Laws: The company's securities are registered with the Securities Exchange Commission (SEC) 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 Sarbanes-Oxley 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.
east west bancorp inc (EWBC:NASDAQ GS)
135 North Los Robles Avenue
Pasadena, CA 91101
|Commerce Bancshares Inc/MO||$45.84 USD||+0.18|
|Cullen/Frost Bankers Inc||$79.09 USD||+0.42|
|Hudson City Bancorp Inc||$9.95 USD||+0.085|
|People's United Financial Inc||$14.98 USD||+0.05|
|Signature Bank/New York NY||$117.73 USD||-1.38|
|View Industry Companies|
Sponsored Financial Commentaries
To contact EAST WEST BANCORP INC, please visit www.eastwestbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.