East West Bank is a financial institution that’s based in Pasadena, California. The bank is a subsidiary of East West Bancorp, Inc.
Some of the key facts about the bank at the moment include:
- East West Bank has assets valued at $36 billion
- It is one of the largest independent banks that’s based in California
- The bank is traded on the Nasdaq Global Select Market. It uses the ticker symbol ‘EWBC’
- The bank has more 130 branch office all over the world
In the US, East West Bank has branches in:
- California
- Massachusetts
- New York
- Washington
- Georgia
- Nevada
- Texas
In China, the bank has full service branches in:
- Hong Kong
- Shenzhen
- Shantou
- Shanghai
It also has representative offices in other parts of china such as Taipei and Guangzhou.
The History of East West Bank
East West Bank’s story starts in 1973 with the formation of East West Federal Bank. This bank was started to serve the Chinese Americans who were living in Southern California. Key events about the bank since then include:
- 1991: The bank’s assets reached the $1 billion mark after they acquired Pacific Coast Savings. This also allowed the bank to expand into San Francisco.
- 1992: The bank’s assets were valued at $1.4 billion
- 1995: The bank was issued a state charter and became a state chartered commercial bank
The bank has grown its assets and branches in recent decades by acquiring several financial institutions. These included:
- First Central Bank – $13.5 million in 1999
- Trust Bank in Monterey Park – $32.9 million in 2004
- United National Bank in San Marino – $177.9 million
- Standard Bank in Monterey Park – $200 million
- Desert Community Bank in Victor Valley (the branches are yet to change to East West Bank branding)
- United Commercial Bank in 2009 (FDIC facilitated acquisition)
- First International Bank in Seattle (FDIC facilitate acquisition)
- MetroCorp Bancshares – $268 million in stock and cash
Headquarters of East West Bank
The main offices of East West Bank are located at 135 N Los Robles Avenue. This is a class A office building whose construction was completed in 1988.
The building is located in the Playhouse District in the city of Pasadena and is part of the Plaza Las Fuentes.
This office building is 8-stories high and has 183,614 square feet of space inside. The main offices of East West Bank are located on the 7th floor of the building.
The building exterior has a masonry type construction and it has grade level parking. Due to the location of the building, Old Town Pasadena and Paseo Colorado are within easy reach.
Occupants of the building, thus, have access to a wide range of amenities which can be accessed using pedestrian walkways.
East West Bank Operations
East West Bank offers a full range of personal, commercial, mid-sized and international banking solutions to its customers who are located in the U.S. and Greater China. The bank is one of the few that primarily focusses on these regions.
East West Bank also offers wealth management solutions.