operates as the holding company for East West Bank, which provides retail and commercial banking services to individuals and businesses in California.
The bank offers various deposit products, including checking accounts, savings accounts, individual retirement accounts, and time deposits.
Its lending portfolio comprises residential and commercial real estate, construction, commercial, trade finance, account receivables, small business administration, inventory, and working capital loans.
The bank also offers travelers' checks, safe deposit boxes, and Master Card and Visa merchant deposit services, as well as short-term trade finance facilities to U.
S. importers and manufacturers doing business in the Asia Pacific region.
It also invests in U.
S. treasury securities, U.
S. government agency securities, mortgage-backed securities, and corporate securities.
As of July 26, 2004, the bank operated 40 offices in Los Angeles, Orange, San Francisco, Alameda, Santa Clara, and San Mateo counties, as well as a representative office in Beijing, China.
The company, through its another subsidiary, East West Insurance Services, Inc., provides business and consumer insurance services.
East West Bancorp was incorporated in Delaware in 1998 and is based in San Marino, California.
