East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. As of December 31, 2014, the bank has three wholly owned subsidiaries. The first subsidiary, E-W Services, Inc., holds property used by the bank in its operations. The second subsidiary, East-West Investments, Inc., primarily acts as a trustee in connection with real estate secured loans. The remaining subsidiary is East West Bank (China) Limited. In 2014, the bank completed the acquisition of MetroCorp Bancshares, Inc. (parent of MetroBank, N.A.) and Metro United Bank. Market Areas The company concentrates on marketing its services in the greater Los Angeles metropolitan area and the greater San Francisco Bay area. As of December 31, 2014, the company operated approximately 130 locations in the United States markets of California, Georgia, Nevada, New York, Massachusetts, Texas, and Washington. The company’s presence includes five full-service branches in the Greater China, located in Hong Kong, two in Shanghai, including one in the Shanghai Pilot Free Trade Zone, Shantou and Shenzhen. The company also has five representative offices in Greater China located in Beijing, Chongqing, Guangzhou, Xiamen, and Taiwan. Banking Services The company focuses on the financial services needs of individuals and businesses, which operate both in the United States and Greater China, as well as having a focus on the Chinese American community. The company offers multilingual services to its customers in English, Cantonese, Mandarin, Vietnamese, and Spanish. The company also offers various deposit products, which includes the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The company’s lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration, inventory, and working capital loans. The company generally provides commercial business loans to small and medium-sized businesses. The company’s commercial borrowers are engaged in various manufacturing, wholesale trade and service businesses. In addition, the company is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States. Segments The company’s three segments include Retail Banking, Commercial Banking, and Other. Retail Banking: This segment focuses primarily on retail operations through the bank’s branch network. Commercial Banking: This segment, which includes commercial and industrial and commercial real estate, primarily generates commercial loans through the efforts of the commercial lending offices located in California, New York, Texas, Washington, Massachusetts, Nevada, and Georgia. Furthermore, this segment also offers various international finance and trade services and products. Other: This segment includes the remaining centralized functions, including the treasury operations of the company and eliminations of intersegment amounts. Investment Securities The company’s investment securities portfolio primarily consists of the U.S. treasury securities, the U.S. government agency securities, the U.S. government sponsored enterprise debt securities, the U.S. government sponsored enterprise and other mortgage-backed securities, municipal securities, and corporate debt securities. Supervision and Regulation As a bank holding company, and pursuant to its election of financial holding company status, the company is subject to regulation and examination by the Federal Reserve Board (FRB) under the Bank Holding Company Act of 1956, as amended. As a bank holding company within the meaning of the California Financial Code, the company is subject to examination by, and might be required to file reports with, the Department of Business Oversight. As a California state-chartered bank, the bank is subject to primary supervision, periodic examination, and regulation by the Consumer Financial Protection Bureau, the Department of Business Oversight, and by the FRB as the bank’s primary federal regulator. The bank is a member of the Federal Home Loan Bank of San Francisco. The Federal Deposit Insurance Corporation (FDIC) insures the company’s customer deposits through the Deposit Insurance Fund of the FDIC up to prescribed limits for each depositor. The bank is subject to deposit insurance assessments as determined by the FDIC. Foreign-based subsidiaries, including East West Bank China (Limited) are subject to applicable foreign laws and regulations, such as those implemented by the China Banking Regulatory Commission. East West Insurance Services, Inc. is subject to the licensing and supervisory authority of the California Commissioner of Insurance. The East West Hong Kong branch is subject to applicable foreign laws and regulations, such as those implemented by the Hong Kong Monetary Authority. History East West Bancorp, Inc. was founded in 1998. The company was incorporated in Delaware in 1998.
east west bancorp inc (EWBC:NASDAQ GS)
135 North Los Robles Avenue
Pasadena, CA 91101
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