East West Bancorp is the parent company of East West Bank. It is a publicly owned company with nearly $70 billion in assets as of December 31st 2023. The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023. East West earned the top spot in S&P Global Market Intelligence's 2022 Ranking of U.S. Public Banks by Financial Performance.

Operations

East West has more than 120 locations in the United States and Asia. It provides both retail and commercial banking.

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. Its focus was to serve the Chinese American community in southern California. On May 28, 1999, East West Bancorp completed a $13.5 million acquisition of First Central Bank, N. A. in an all-cash transaction.

Management

In 1992, Dominic Ng was named the Chairman, CEO and President. He replaced Kellogg Chan, who retired. In January 2010, Irene H. Oh was promoted to EVP and CFO. She replaced Thomas J. Tolda, who resigned. Gregory L. Guyett was appointed as the President and COO in October 2016.