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In 1973, East West Federal Bank was founded as a federal savings and loan association, focused on serving the Chinese American community in Southern California. [12]In 1991, during the savings and loan crisis, the company acquired Pacific Coast Savings, [13] [14] [15] which increased the bank's assets from $600 million to $1 billion and expanded operations to San Francisco, California.
East West Bancorp is the parent company of East West Bank.It is a publicly owned company with over $70 billion in assets as of 2024. [1] [2] The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023. [3]
In 2020, East West Banking Corporation (EWBC) was one of the few local banks in the Philippines that was granted a license by the Bangko Sentral ng Pilipinas (BSP) to launch a fully-digital bank which will operate under its wholly-owned subsidiary, EastWest Rural Bank, Inc. The new digital banking arm of EastWest will carry the brand name, Komo.
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Dominic Ng (born 1959) is an American banker. He has was CEO of Los Angeles–based East West Bank since 1992, and chairman and CEO since 1998, transforming it from a savings and loan association into an international banking company.
One half of the country is experiencing the banking turmoil of 2023 quite differently than the other half. Three of the four banks that collapsed so far this year were in one state: California.
Julia Suryapranata Gouw is the former president, chief operating officer [2] [3] and a member of the board of directors of East West Bancorp, Inc. and East West Bank. [4] She originally joined East West Bank in 1989 as controller and became executive vice president and chief financial officer from 1994 to 2008.