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East West Bancorp
East West Bancorp

-15.66%

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

East West Bancorp is a publicly-traded financial holding company that operates through its subsidiary, East West Bank. East West Bank is a full-service commercial bank with locations in the United States and Greater China. The company was formed in 1998 through the merger of two Asian-American banks, and is headquartered in Pasadena, California.
East West Bancorp primarily focuses on commercial banking, catering to large and middle-market companies and individuals. Services offered by East West Bank include traditional banking products such as commercial and consumer lending, deposit products, foreign exchange services, and trade finance.
The company has over 130 locations in the United States and Greater China, including branches in the major metropolitan areas of Los Angeles, New York, Boston, San Francisco, and Houston. It also has a presence in China, Hong Kong, and Taiwan through its subsidiaries and representative offices.
East West Bancorp is listed on the NASDAQ stock exchange under the ticker symbol EWBC. It has consistently been recognized as one of the top performing banks in the United States, and has received numerous awards for its financial performance and community involvement.
As of 2021, East West Bancorp has total assets of over $63 billion and employs approximately 3,500 people. Its mission is to be the premier financial bridge between East and West, providing innovative banking solutions and exceptional service to its customers.

What is special about the company?

1. Focus on the Asian-American market: East West Bancorp is a leading financial services company with a strong focus on the Asian-American community. The company is headquartered in California, which has a large Asian-American population, and has expanded its services to other areas with significant Asian-American communities, such as New York and Texas.
2. Diversified range of services: East West Bancorp offers a wide range of financial services, including commercial and consumer banking, wealth management, and international banking. This diverse service offering allows the company to cater to the diverse needs of its clients.
3. Strong financial performance: The company has a solid track record of financial performance, with consistently increasing revenues and profits. This has made it a trusted and reliable institution for customers, investors, and stakeholders.
4. International presence: East West Bancorp has a presence in the US, China, Hong Kong, and Taiwan. This international presence not only provides a global perspective but also allows the company to tap into the growing Asian market and expand its customer base.
5. Commitment to diversity and inclusion: As a company serving the Asian-American community, East West Bancorp has a strong commitment to diversity and inclusion. It has been recognized as one of the "Best Banks for Diversity" by American Banker and ranked highly on the Human Rights Campaign's Corporate Equality Index.
6. Strong corporate governance: The company has a strong corporate governance framework with a focus on transparency, accountability, and ethical practices. This has helped to build trust with customers and investors.
7. Community involvement: East West Bancorp is actively involved in supporting the communities it serves through various philanthropic initiatives, including financial literacy programs, scholarships, and donations to community organizations.
8. Innovative technology and digital offerings: The company continuously invests in technology to enhance its services and improve the customer experience. It offers a range of digital banking solutions, including online and mobile banking, to cater to the needs of its tech-savvy customers.
9. Strong customer relationships: East West Bancorp has a strong focus on building and maintaining customer relationships. With a personalized approach, the company aims to understand and meet the unique needs of each customer, resulting in long-lasting relationships.
10. Recognized as a top employer: The company has been consistently recognized as a top employer by various organizations, including Forbes, Fortune, and Glassdoor. It is known for its inclusive and diverse workplace culture and employee development programs.

What the company's business model?

East West Bancorp is a financial holding company that provides a range of banking and financial services to businesses and individuals. Its business model is based on being a premier commercial bank focused on serving the diverse needs of its target markets, primarily in the United States and Greater China. The company operates through its key business segments: Retail Banking, Commercial Banking, and Other.
Retail Banking: This segment includes traditional banking services such as deposit products, residential mortgage loans, home equity lines of credit, and consumer loans to individuals and small businesses. The company's strategy is to provide high-quality customer service and to leverage its strong brand recognition in diverse markets to attract and retain customers.
Commercial Banking: This segment provides a range of financial services to middle-market businesses, large corporations, and other commercial clients. The company offers commercial lending, trade finance, and deposit products, as well as foreign exchange and treasury management services. It also provides financing solutions for real estate businesses, including construction, development, and mortgage loans. The company's strategy is to develop long-term relationships with its corporate clients and leverage its experience in international business to support the growth of trade between the U.S. and Greater China.
Other: This segment includes treasury operations, which manage the company's investment securities portfolio and funding sources, as well as activities related to the company's alternative investment activities.
Overall, East West Bancorp's business model is focused on building long-term relationships with its diverse customer base and leveraging its expertise in the international market to drive growth and profitability. The company also prioritizes risk management and efficiency to ensure long-term financial stability.

Interesting facts about the company

1. The East West Bancorp company was founded in 1973 as the result of a merger between two banks: East Los Angeles Savings and Loan Association, and the First Federal Savings and Loan Association of San Gabriel Valley.
2. East West Bancorp is headquartered in Pasadena, California and has over 120 branches worldwide, including in China, Hong Kong, and Taiwan.
3. The company’s focus is on providing banking and financial services to the Asian-American community and businesses in the United States and abroad.
4. The company’s name, East West Bancorp, reflects its mission of bridging the East and West and connecting Asian markets with the rest of the world.
5. East West Bancorp is the second largest bank headquartered in Southern California and the largest independent bank headquartered in the state.
6. In 2006, East West Bancorp acquired United Commercial Bank, becoming the largest U.S. bank focused on serving the Asian-American community.
7. The company has been recognized by Forbes magazine as one of the “Best Banks in America” for its strong financial performance and strategic investments in the Asian-American market.
8. East West Bancorp is a publicly traded company and is listed on the NASDAQ stock exchange under the ticker symbol EWBC.
9. The company has a diverse workforce and has been recognized for its commitment to diversity and inclusion, ranking in the top 50 of Fortune’s “100 Best Workplaces for Diversity.”
10. In addition to banking and financial services, East West Bancorp also has a subsidiary, East West Insurance Services, which offers insurance products to its customers.

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