East West Bancorp, Inc. (East West), incorporated on August 26, 1998, is a bank holding company. The Company's principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals. It operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank's branch network. The Commercial Banking segment primarily generates commercial and industrial (C&I) loans and commercial real estate (CRE) loans through the domestic commercial lending operations in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending operations in China and Hong Kong. The Commercial Banking segment also offers a range of international finance and trade services and products. The remaining centralized functions, including the treasury operations of the Company, are included in the Other segment.
The Bank provides multilingual services to its customers in English, Cantonese, Mandarin, Vietnamese and Spanish. The Company offers international trade services and products, including letters of credit, revolving lines of credit, import loans, bankers' acceptances, working capital lines, domestic purchase financing and pre-export financing. The Bank is also focused on providing financing to clients needing a financial bridge that facilitates their business transactions between the United States and Greater China. In addition to the Bank, the Company has approximately six other subsidiaries established as statutory business trusts and one subsidiary that provides business and consumer insurance services. The Trusts are focused on issuing junior subordinated debt to third-party investors. The Bank's subsidiaries include E-W Services, Inc., which is a bank that holds property used by East West Bank in its operations; East-West Investments, Inc., which acts as a trustee in connection with real estate secured loans, and East West Bank (China) Limited, a non- United States Dollar (USD) functional currency subsidiary in China.
Lending Activities
The Company offers a range of products designed to meet the credit needs of its borrowers. The Company's lending activities consist of income producing CRE loans, including construction loans and land loans; C&I loans, including commercial business and trade finance; consumer loans, including student loans and other consumer loans, and residential loans, including single-family loans and multifamily residential loans. The Bank also offers construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital, loans. The consumer loans segment includes home equity lines of credit (HELOCs), auto loans, and insurance premium financing loans. As of December 31, 2016, the Bank's total net loans amounted to approximately $25.27 billion.
Investment Activities
The Company's available-for-sale investment securities portfolio consists primarily of United States Treasury securities, United States government agency and United States Government-sponsored enterprise debt securities, United States government agency and United States Government-sponsored enterprise mortgage-backed securities, municipal securities, corporate debt securities and foreign bonds. Its held-to-maturity security is a non-agency commercial mortgage-backed security. Its total fair value of investment securities available-for-sale amounted to $3.34 billion, as of December 31, 2016.
Sources of Funds
The Bank offers deposit products, which include the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, non-interest bearing demand deposits, money market, travelers' checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Company offers its products to both consumer and commercial customers. Its total consolidated deposits amounted to $29.89 billion, as of December 31, 2016.
135 N Los Robles Ave Fl 7
The company trades on NASDAQ exchange. The company headquarter is located in California, CA. The company was established in the 1998.| Ticker | EWBC |
| Long Name | East West Bancorp, Inc. |
| Short Name | East West Bancorp |