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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.
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]
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.
The bank's parent entity, East West Bancorp, went public in 1999. [9] During his tenure, East West has bought nine financial institutions. [11] East West doubled its assets after the purchase of its closest competitor, United Commercial Bank, in 2009. [1] [8] [11] [12] The acquisition expanded East West to Atlanta, Boston, New York, and Seattle ...
Great Western Financial CorporationGreat Western Bank: Washington Mutual: $6.8 billion JPMorgan Chase: 1997 First Union Corporation: Signet Banking Corporation First Union Corporation: Wells Fargo: 1997 National City Corp. First of America Bank National City Corp. PNC Financial Services: 1997 Banc One Corp. First USA: Bank One Corp. JPMorgan ...
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