Pasadena, California-based East West Bancorp serves as the parent business of East West Bank. Incorporated in April 1998, this holding company oversees the transactions and operations of the bank and its bank-related subsidiaries. The bank not only operates within the United States as they also have a presence in the greater China region.
East West Bank is considered as one of the largest banks based in California. The business is also ranked by Forbes as the 15th top bank based on their 100 Best Banks of America listing. The institution continues to offer the customary banking services as well as an array of lending activities. They offer their products and services both to businesses and individual depositors in the countries. The main focus of the company is those small and medium businesses that are in need of financing to bridge their transactions between Asia and the United States.
They offer personal and business checking and savings accounts, travelers’ checks, time deposits and retirement accounts. They also have credit cards, both for MasterCard and Visa and offers loan services, which include inventory and working capital loans, residential real estate and commercial properties, trade finance, construction and small business administration (SBA). East West Bank operates from their 130 locations around the world. Reportedly, the bank has more than $29 billion in assets and continues to publicly trade its common stocks on the NASDAQ Global Select Market, using the ticker symbol EWBC.
It was in 1973 that East West Bank started as a chartered savings institution to address the needs of Chinese-Americans in Los Angeles. Through the years, the business has expanded its operations and amassed a greater number of clients that it became one of the largest full service banks focused both in the United States and in China. East West continues to support businesses and projects that will make a positive social impact to the community it thrives in.
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