bank see eastwest unibank . east west bank type public traded as nasdaq ewbc industry financial services founded los angeles california united states 1973 1973 headquarters pasadena california united states key people dominic ng chairman and chief executive officer services banking net income us 384.7 million 2015 1 total assets us 32.4 billion 2015 1 parent east west bancorp website eastwestbank.com east west bank branch in san francisco s chinatown . east west bank traditional chinese ; simplified chinese ; pinyin hu m i y nh ng is a bank based in the state of california in the united states with assets of 33.0 billion and a market capitalization of over 5.2 billion . 2 originally founded to serve the chinese american community in california it now has over 130 branch locations in the u.s and greater china including branches in northern and southern california georgia nevada massachusetts new york texas washington . in greater china east west s presence includes full service branches in hong kong shanghai shantou and shenzhen 3 and representative offices in beijing chongqing guangzhou taipei and xiamen . 4 5 it is headquartered in pasadena california . 6 as of its 2009 acquisition from the federal deposit insurance corporation of the assets of united commercial bank the resulting bank was projected to start with almost 23 billion in assets putting it ahead of l.a. based city national as the largest bank based in southern california . the current chairman and chief executive officer is dominic ng . contents 1 history 1.1 acquisitions 2 naming rights 3 see also 4 references 5 external links history edit east west bank was founded in 1973 as a savings and loan company targeting the chinese american community in southern california . it became a state chartered commercial bank in 1995 . 7 the chinese name is not a direct translation of east and west rather it is two characters which depend on context . can mean magnificent or splendid but is often used in conjunction with other characters to refer to china and chinese overseas . likewise can mean pretty or usa american . acquisitions edit map of cities with east west bank branches . east west bank in chinatown houston in august 2004 east west bancorp the parent company of east west bank acquired trust bank a chinese american bank that was based in monterey park california and had assets valued at 235 million . all four branches of trust bank were rebranded to east west bank s name and shareholders of trust bank received a total value of 32.9 million in east west bank stock for the acquisition . according to east west bankcorp s press release the acquisition was estimated to be accretive to 2004 earnings per share by 0.02 . 8 9 in march 2006 east west bank again merged with another chinese american bank when east west bankcorp acquired standard bank headquartered in monterey park california . standard bank had six branch locations all located in los angeles county and had assets valued at 923 million . a total value of 200.3 million was paid in the acquisition consisting of 70.1 million in cash and 3 547 314 shares of common stock in east west bancorp. 10 11 in 2007 it purchased desert community bank a community bank operating in the victor valley region of california . desert community bank branches remain branded as such and did not change to east west bank however dcb members have access to the east west bank network and vice versa . 12 in 2009 it purchased the assets of failed united commercial bank via a transaction by the federal deposit insurance corporation . this expanded east west bank s reach with ucb s 63 u.s. branches including 17 in southern california and into the chinese american communities of houston boston and atlanta as well as branches in hong kong and china . 13 east west bank similarly assumed the deposits some assets and all four branches of washington first international bank in seattle upon the latter s failure on june 11 2010 . 14 in 2014 east west bank acquired metrobank for 268 million in cash and stock 15 and metrobank branches were to be rebranded in 2014 . 16 naming rights edit its spokeswoman used to be figure skater michelle kwan . east west bank also purchased the naming rights to the east west ice palace an ice rink arena in artesia california . 17 it also owns the naming rights to the east west bank classic a tennis tournament on the wta tour . see also edit financial services banking references edit a b east west bancorp reports record net income for full year 2015 of 384.7 million and diluted earnings per share of 2.66 business wire jan. 27 2016 east west bancorp reports net income for second quarter 2016 of 103.3 million up 5 % from prior year quarter and diluted earnings per share of 0.71 up 4 % from prior year quarter yahoo finance jul. 20 2016 east west bank becomes first l.a. bank with branch in shenzhen forbes nov. 18 2014 east west bancorp reports record net income for full year 2013 of 295.0 million and full year 2013 earnings per share of 2.10 marketwatch jan. 22 2014 east west bank branch locations 10 k archive . east west bank . retrieved on march 27 2016 . 135 north los robles ave. 7th floor pasadena california address of principal executive offices http investor.eastwestbank.com cache 1001155710.pdf d & o pdf & iid 4040606 & y & t & fid 1001155710 east west bancorp enters into definitive agreement for the acquisition of trust bank pr newswire jun. 3 2004 east west bancorp closes trust bank acquisition pr newswire aug. 9 2004 east west bancorp and standard bank enter into definitive agreement for strategic merger press release . east west bancorp. retrieved 2015 06 26 . east west bancorp closes standard bank acquisition pr newswire mar. 27 2006 http investor.eastwestbank.com cache 9364582.pdf y & o pdf & d & fid 9364582 & t & osid 9 & iid reckard e. scott november 7 2009 . united commercial bank is shut down sold to east west bancorp . los angeles times . retrieved 2010 05 06 . grygiel chris 2010 06 11 . bad loans force closure of seattle based bank . seattle post intelligencer . retrieved 2010 06 12 . california bank boosts texas footprint with metrocorp deal . houston business journal . january 23 2014 . retrieved on april 29 2016 . sign of the times metrobank to make the switch to east west bank . houston business journal . may 6 2014 . retrieved on april 29 2016 . figure skating champion michelle kwan has new home with opening of east west ice palace press release . east west bancorp. retrieved 2010 05 06 . external links edit wikimedia commons has media related to east west bank . east west bank v t e chinese american banks abacus federal savings bank american continental bank american premier bank asia bank bank of the orient cathay bank chinese american bank east west bank evertrust bank finance factors first american international bank first general bank global commerce bank golden security bank los angeles national bank metrocorp bancshares omni bank california pacific global bank preferred bank southwestern national bank tomato bank united international bank united orient bank universal bank v t e chinese american topics related groups chinese americans american born chinese taiwanese american hong kong americans asian american hyphenated american hakka americans hokkien and hoklo americans fuzhou americans history chinese american history by location california los angeles san francisco hawaii illinois chicago massachusetts boston michigan detroit missouri st. louis new york new york city puerto rico texas dallas fort worth houston washington seattle anti chinese discrimination legislation anti chinese legislation anti coolie act chinese exclusion act geary act immigration act of 1924 cable act magnuson act immigration and nationality act of 1965 events chinese massacre of 1871 tape v. hurley 1884 issaquah riot of 1885 rock springs massacre 1885 tacoma riot of 1885 1885 seattle riot of 1886 yick wo v. hopkins 1886 hells canyon massacre 1887 united states v. wong kim ark 1898 murder of vincent chin 1982 indictment of peter liang 2016 chinatowns chinatowns in the americas chinatowns in the united states chinatowns in canada chinatowns in latin america baltimore boston chicago denver detroit honolulu houston old chinatown locke california los angeles newark new jersey new orleans new york city manhattan brooklyn queens oakland philadelphia phoenix pittsburgh portland oregon providence rhode island st. louis salt lake city san diego san francisco san jose california seattle spokane washington stockton california tacoma washington washington d.c. transport chinatown bus lines culture food american chinese cuisine film american chinese films terminology chinaman s chance jook sing events love boat education chinese school confucius institute museums museum of chinese in america chinese american museum kam wah chung & co. museum wo hing museum organizations list of chinese american associations chinese american citizens alliance chinese church chinese community centre chinese consolidated benevolent association chinese historical society of southern california chinese society halls on maui ying on association chinese staff and workers association chinese for affirmative action committee of 100 organization of chinese americans bing kong tong hip sing association banks cathay bank united international bank global commerce bank east west bank others lists list of chinese americans list of u.s. cities with significant chinese american populations retrieved from https en.wikipedia.org w index.php title east west bank & oldid 738616748 categories banks based in californiachinese american bankschinese american culture in californiacompanies based in pasadena californiacompanies listed on nasdaqbanks established in 19731973 establishments in californiahidden categories articles containing traditional chinese language textarticles containing simplified chinese language textcommons category with page 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