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EastWest Bank was created on August 14, 1988. It was on that date that the Bangko Sentral ng Pilipinas granted EastWest Bank its commercial banking license. Backed-up by the Filinvest Group of Companies, EastWest Bank opened to the public along Senator Gil Puyat Avenue, Makati on August 1, 1994.
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.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Network Bank, Inc. 87,679.80: 2 EastWest Rural Bank, Inc. (EWRB) 24,282.73
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]
2. Overdraft fees. đź’µ Typical cost: $26 to $35 per occurrence Overdraft fees happen when you spend more money than you have in your checking account, and the bank covers the difference ...
Komo by EastWest - Komo is EastWest’s fully digital banking service that was launched in May 2020, during the height of the COVID-19 lockdown in the Philippines. EastWest officials mentioned that Komo combines the convenience of modern digital banking that is backed by the security of an established “brick-and mortar” bank. [16]
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Chairman, president and CEO, East West Bank and East West Bancorp Dominic Ng (born 1959) is an American banker. He has been the 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.