BNET Industries
Market Cap:$97.6M
Last Fiscal Year Sales:$712.9M
- Public
- US
Dow Jones Description
"Enabling" is a very purposeful and very specifically defined objective at East West Bank (EWB). It means that we seek first and foremost to help people and communities in need to help themselves. We believe steadfastly that this approach, far more than traditionally accepted monetary giving alone, will help create positive and desirable change that is above all else, sustainable. A contrasting example would be the practice of creating seemingly "interest favorable" mortgage loans for LMI individuals. These products, we believe, create an illusion of support for those in need. More often than not, this illusion may potentially put the well-intentioned LMI candidate in even greater longer-term peril. This is not, therefore, the type of path East West Bank would pursue. Fairness, ethics, and helping to create truly sustainable results are at the heart of our CRA program. This philosophy is very natural to EWB, as it began with our founding philosophy of providing uniquely tailored products and services that help Asian immigrants integrate sustainably into desirable American lifestyles. Our plan today is to support, educate, and illuminate paths for LMI people and communities that will create real and sustained progress. ...
Chief Executive Officer
Dominic NgNumber of Employees 1,237
Contact Information
135 N Los Robles Ave 7th Fl
Pasadena, California 91101-1758
(626) 768-6000
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Gouw rejoins East West to oversee UCB integration
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East West Bancorp, Inc. Appoints Julia S. Gouw President and Chief Operating Officer of East...
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East West Bancorp acquires UCB
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Minsheng offering draws US$14b of orders from global investors
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East West Bancorp EWBC Shares Rocket Higher Amid Acqusition of UCB
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Fitch Downgrades UCBH Holdings' IDR to 'C'
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Sandler O'Neill, Morgan Stanley & Noble Financial Upgrade East West Bancorp EWBC
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1-Star Stocks Poised to Plunge: East West Bancorp?
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Failed Bank Tally Hits 120
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US Blocks Minsheng's Buyout, Touted to Save $1.7 Billion
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East West Bancorp opens representative office in Taiwan
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East West Bancorp reports Q3 loss on increased loan losses provision
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East West Bancorp Announces Fourth Quarter 2009 Dividends, Date for Third Quarter Earnings Conference Call/Webcast
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Sandler O'Neill Downgrades East West Bancorp EWBC to Sell
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East West increases equity by $249M
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East West Bancorp Reports Second Quarter 2009 Results; Nonaccrual
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B. Riley & Co. LLC upgrades East West Bancorp to 'neutral'
News & Analysis
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East West Bancorp, Inc Q3 2009 Earnings Conference Call
Question-and-Answer Session Operator We will now begin the question and answer session, Operator Instructions. The first question we have comes from Ken Zerbe of Morgan Stanley. Ken Zerbe - Morgan Stanley First question I had was in terms of the decline in the land and construction loans, could you...
East West Bancorp Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Joe Morford - RBC Capital Markets. Joe Morford - RBC Capital Markets Thanks. Good morning everyone. I was curious if you’ve seen sales activity of problem assets pick up at all since quarter-end and can you...
East West Bancorp, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Your first question comes from the line of Joe Morford with RBC Capital Markets. Please proceed. Joe Morford – RBC Capital Markets Thanks. Good morning, everyone. Dominic Ng Good morning. Joe Morford – RBC Capital Markets I guess – a couple of questions. First,...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dominic Ng | Chief Executive Officer |
| David Spigner | Chief Strategic Officer |
| Douglas P. Krause | Executive Vice President, Chief Risk Officer, General Counsel and Corporate Secretary |
| Julia S. Gouw | Executive Vice President and Chief Financial Officer |
| Robert L. Dingle, JR | Chief Information Officer |
| Thomas J. Tolda | Chief Financial Officer |
| William J. Lewis | Chief Credit Officer |
| Agatha Fung | Executive Vice President and Head of the International Banking Division |
| Andy Yen | Executive Vice President |
| Paul Krause Douglas | Executive Vice President |
| Steven D. Munter | Executive Vice President |
| Wellington Chen | Executive Vice President |
| William H. Fong | Executive Vice President and Head of the Bank's Northern California Commercial Lending Division |
| Keith W Renken | Managing Partner of the Consulting Company Renken Enterprises |
| Kwok-Yin Cheng | Executive Vice President & Director, Intl Banking |
| Rudolph I. Estrada | Commissioner |
| Jack C. Liu | Director |
| Peggy T. Cherng | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Herman Y. Li | Chairman, C&L Restaurant Group |
| Andrew S Kane | Board of Directors |
| Donald S. Chow | Board of Directors |
| John Lee | Board of Directors |
| Michael W. Lai | Board of Directors |
| Steven P. Erwin | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chief Executive Officer | Current |
| East West Bank | Chief Executive Officer | Current |
| East West Bank | President | Current |
| East West Bancorp, Inc. | Chairman | Current |
| East West Bank | Chairman | Current |
| Federal Reserve Bank of San Francisco | Director | Current |
| Mattel, Inc. | Board of Directors | Current |
| Piedmont Natural Gas Company, Inc. | Board of Directors | Current |
| PacifiCare Health Systems, LLC | Board of Directors | Current |
| Seyen Investment Inc. | Chief Executive Officer | Former |
| Seyen Investment Inc. | President | Former |
| East West Bancorp, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chief Strategic Officer | Current |
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| Lil-Tots.Com, Inc. | Chief Executive Officer | Former |
| Lil-Tots.Com, Inc. | President | Former |
| Seyen Trading Inc. | President | Former |
| Strategic Business Management Co | Managing Principal | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bank | Chief Risk Officer | Current |
| East West Bancorp, Inc. | Executive Vice President, Chief Risk Officer, General Counsel and Corporate Secretary | Current |
| East West Bank | General Counsel | Current |
| East West Bank | Board of Directors | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| East West Bank | Executive Vice President | Former |
| Unitrode Corporation | Area Sales Manager | Former |
| East West Bancorp, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President and Chief Financial Officer | Current |
| David Geffen School of Medicine at UCLA | Board of Directors | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| Visitors | Board of Directors | Current |
| Huntington Memorial Hospital | Board of Directors | Current |
| Pgp Capital Advisors | Board of Directors | Current |
| East West Bancorp, Inc. | Committee Member | Current |
| East West Bancorp, Inc. | Vice Chairman & Chief Risk Officer | Former |
| East West Bank | Vice Chairman & Chief Risk Officer | Former |
| East West Bank | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chief Information Officer | Current |
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West | Current | |
| Directors Mortgage Incorporated | Chief Information Officer | Former |
| First Union Corporation | Chief Information Officer | Former |
| Booz Allen Hamilton, Inc. | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chief Financial Officer | Current |
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chief Credit Officer | Current |
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
Agatha Fung serves as Executive Vice President and Head of International Banking of East West Bank. In October 2005, Ms. Fung joined East West from CITIC International Financial Holdings in Hong Kong where she held positions as Head of Business Banking of CITIC Ka Wah Bank and Chief Executive Officer and Executive Director of HKCB Finance. Ms. Fung has over 20 years of banking experience and has also held senior management positions at Standard Chartered Bank and Citibank in both Hong Kong and Tokyo.
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President and Head of the International Banking Division | Current |
| CITIC Ka Wah Bank Ltd. | Head of Business Banking | Former |
| CITIC International Financial Holdings Limited | Head of Business Banking | Former |
| East West Bancorp, Inc. | Head of International Banking | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Director of Business Banking | Current |
| United National Bank | President | Former |
| United National Bank | Senior Vice President | Former |
| United National Bank | Director | Former |
| East West Bancorp, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President | Current |
Steven D. Munter serves as Executive Vice President and Director of Commercial Lending. Prior to joining East West in November 2006, Mr. Munter spent over 25 years with Bank of America where he held a number of senior management positions, most recently as the Commercial Banking National Credit Products Executive for Government, Healthcare and Institutions. His long standing global career with Bank of America has also included assignments in Central and South America and, for five years in Asia, where he held senior positions with Banc America Securities, Japan.
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Director of Commercial Lending | Current |
| East West | Current | |
| Health Care, Inc. | Commercial Banking National Credit Products Executive | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President | Current |
| East West Bancorp, Inc. | Director of Corporate Banking Division | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| Security Pacific National Bank | Lending Auditor | Former |
William H. Fong serves as Executive Vice President and Head of the Bank s Northern California Commercial Lending division. Mr. Fong joined East West in April 2006 from United Commercial Bank where he was the Head of Commercial Banking. Prior to this, Mr. Fong spent 23 years with the BNP Paribas/Bank of the West group. His responsibilities as an Executive Vice President with Bank of the West included the oversight of the Pacific Rim Division s Corporate Banking department as well as the strategic planning and development of the division s branch network in Portland, California, Nevada, and representative offices in Taiwan and Shanghai. Before transferring to Bank of the West, Mr. Fong spent 20 years with BNP Paribas as Director of the Asia Desk.
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President and Head of the Bank's Northern California Commercial Lending Division | Current |
| East West | Current | |
| Pacificrim | Executive Vice President | Former |
| BNP Paribas SA | Director, Asia Desk | Former |
| East West Bancorp, Inc. | Head, Northern California Commercial Lending Division | Former |
| United Commercial Bank | Head of Commercial Banking | Former |
| BNP Paribas SA | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Managing Partner of the Consulting Company Renken Enterprises | Current |
| Willdan Group Inc | Independent Director | Current |
| Willdan | Chair | Current |
| Willdan Group Inc | Chair | Current |
| Willdan Group, Inc. | Board of Directors | Current |
| American Institute of Certified Public Accountants | Board of Directors | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| California Society of Certified Public Accountants | Board of Directors | Current |
| Corporate Governance | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| California Society of Certified Public Accountants | Member | Current |
| Willdan Group Inc | Committee Member | Current |
| Touche, Inc. | Senior Partner | Former |
| Touche, Inc. | Chairman | Former |
| Willdan Group Inc | Board of Directors | Former |
| The University of Arizona | M.S. In Business Administration | Former |
| The University of Arizona | B.S. In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Executive Vice President & Director, Intl Banking | Current |
Rudolph I. Estrada is a former Presidential appointee serving as Commissioner on the White House Commission on Small Business. He also served as the Los Angeles District Director for the U.S. Small Business Administration. Mr. Estrada is President and CEO of Estradagy Business Advisors, a business and banking advisory group and serves as a professor of business and economics with the California State University system. He serves on the boards of several corporate and non-profit organizations.
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Commissioner | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Chairman, C&L Restaurant Group | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
Mr. Kane is a current member of Galen's Advisory Board and will be a key member of Galen's Senior Management Team, overseeing all business operations in the Western United States. In addition to his role with Galen, Mr. Kane will be the Executive Vice President of Western Operations of IJM Western Corp., a subsidiary of IJM Holdings Corporation which is an affiliate of Galen Capital Corp. He will also be a member of the Board of Directors for IJM Holdings Corporation. Previously, Mr. Kane was Chief Executive Officer for HSBC Private Bank in Southern Calif. He built and led a team, offering banking, lending, wealth management and wealth/tax advisory services to ultra high net-worth families and individuals. He also served the Los Angeles marketplace by proactively teaming with corporate mid-market, media and real estate teams. Prior to HSBC, Mr. Kane was a Managing Partner with Arthur Andersen. Throughout his 28 years with Andersen, he served on many management committees for Andersen's practices, including Los Angeles Managing Partner and Chairing Andersen's Worldwide Nominating Committee to the Board in 2000. He has served multi jurisdictional clients for 30 years, with an emphasis on client's investments in the US. Mr. Kane is a graduate from the London School of Economics (LSE), at London University. He received his Honors Degree in Economics, specializing in Accounting and Finance. He was invested as an Office of the British Empire (OBE) by HM The Queen for services to the US - British Commerce in 1997. Mr. Kane is an active community leader, and sits on numerous civic Boards in Los Angeles.
| Organization | Position | Status |
|---|---|---|
| Galen Capital Group, LLC | Vice Chairman of West Coast Operations | Current |
| East West Bancorp, Inc. | Board of Directors | Current |
| HSBC Republic Bank | Chief Executive Officer | Former |
| The London School of Economics | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bank | Executive Vice President | Current |
| East West | Current | |
| East West Bancorp, Inc. | Board of Directors | Current |
| East West Bancorp, Inc. | Executive Vice President | Former |
| East West Bancorp, Inc. | Director of Commercial Lending | Former |
| Security Pacific National Bank | Former |
Jack C. Liu , Esq. is Senior Advisor for Morgan Stanley International Real Estate Fund ( MSREF ) and is President of MSREF s affiliates New Recovery Asset Management Corp. in Taiwan. He also serves as Chairman of Topvision Display Technologies, Inc. Mr. Liu is admitted to practice law in the jurisdictions of California, Washington, D.C. and the Republic of China. His legal expertise is in international corporate, real estate and banking.
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Director | Current |
| Msref, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Board of Directors | Current |
| East West Bank | Vice Chairman of the Board | Current |
| East West Bancorp, Inc. | Vice Chairman | Current |
| Standard Bank Ltd. | Co-Founder | Former |
| Organization | Position | Status |
|---|---|---|
| East West | Current | |
| East West Bancorp, Inc. | Board of Directors | Current |
| Asian Youth Center | Board Member | Current |
| United Savings Bank | Chief Executive Officer | Former |
| United Savings Bank | President | Former |
| United Savings Bank | Chief Credit Officer | Former |
| East West Bancorp, Inc. | Executive Vice President | Former |
| United Savings Bank | Senior Vice President | Former |
| East West Bancorp, Inc. | Director, Retail Operations | Former |
| United Savings Bank | Director | Former |
Peggy Cherng is Co-Chair of Panda Restaurant Group, which includes more than 1,000 restaurants in the United States, Puerto Rico and Japan. Dr. Cherng holds a Ph.D. in Electrical Engineering and serves on the boards of the National Restaurant Association, Methodist Hospital of Southern California, Children's Hospital Los Angeles and UCLA Anderson School of Management.
| Organization | Position | Status |
|---|---|---|
| Puerto Rico | Co-Chair | Current |
| East West Bancorp, Inc. | Director | Current |
| Methodist Hospital | Board of Directors | Current |
| National Restaurant Association | Board of Directors | Current |
| Panda Restaurant Group, Inc. | Chief Executive Officer | Former |
| Panda Restaurant Group, Inc. | President | Former |
| East West Bancorp, Inc. | Co-Chair of Panda Restaurant Group | Former |
| Organization | Position | Status |
|---|---|---|
| East West Bancorp, Inc. | Board of Directors | Current |
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