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East West became a state-chartered commercial bank on July 31, 1995. [16] In 1999, the company acquired First Central Bank for $13.5 million in cash. [17] In 2004, East West acquired Trust Bank, a Chinese American bank based in Monterey Park, California, with four branches and $235 million in assets, for $32.9 million. [18]
EastWest Bank (PSE: EW, Hokkien Chinese: 東盛銀行; Pe̍h-ōe-jī: Tang-sēng Gûn-hâng; Mandarin simplified Chinese: 东盛银行; traditional Chinese: 東盛銀行; pinyin: Dōngshèng Yínháng), [12] formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. [13]
East West Bancorp is the parent company of East West Bank. It is a publicly owned company with nearly $70 billion in assets as of December 31st 2023. [ 1 ] The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023. [ 2 ]
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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 ...
Julia Suryapranata Gouw is former president, chief operating officer [1] [2] and a member of the board of directors of East West Bancorp, Inc. and East West Bank. [3] She originally joined East West Bank in 1989 as controller and became executive vice president and chief financial officer from 1994 to 2008.
First Hawaiian Bank acquired many other banks during the 1990s. In 1991, First Hawaiian acquired First Interstate Bank of Hawaii. Then in 1992, it acquired the East West Bank, which had one branch in Honolulu and one on Maui. In 1993, the bank acquired Pioneer Federal Savings Bank, which continued to operate as a separate institution. First ...
United Commercial Bank was closed by regulators on November 6, 2009; it was the 120th U.S. bank to fail in 2009, and it had $11.2 billion in assets at the time of the bank failure. [1] East West Bank of Pasadena, California, acquired all the deposits of UCBH.