Pasadena’s East West Bancorp Earns Top Spot in 2023 Bank Director Performance Ranking

Pasadena-based East West Bancorp, Inc., has earned the No. 1 Performing Bank ranking in Bank Director’s 2023 RankingBanking study in the $50 billion and above asset category.

Bank Director is an online information resource that caters to senior executives and directors of banks and other financial institutions. It also publishes the industry magazine Bank Director.

Bank Director has also recognized East West Bancorp for its strong performance in previous years. In 2022, East West Bancorp received the Best Board designation in the RankingBanking study. It was named No. 1 Performing Bank for banks in the $50 billion and above asset category in the 2021 Bank Performance Scorecard.

“As we celebrate East West Bank’s 50th anniversary this year, we are honored to be recognized as a leading bank in not one but two of Bank Director’s prestigious national rankings,” Dominic Ng, East West Bancorp Chairman and CEO, said. “These recognitions underscore our ability to execute and perform, consistently, year after year. In turn, our strong balance sheet and financial performance allow us to continue to help our customers reach further.”

Irene Oh, Chief Financial Officer, said the company is proud of their operating performance allowing them to serve their customers’ and shareholders’ long-term interests.

“This recognition from Bank Director acknowledges the strength, commitment and expertise of our 3,200 associates,” Oh said.

EastWest Bancorp, Inc. is a public company that reports total assets of $68.5 billion. East West Bank, its wholly-owned subsidiary, operates over 120 locations in the U.S and Asia. Its corporate headquarters are at 135 North Los Robles Ave. in Pasadena.

For more information, visit www.eastwestbank.com.

Rankings on the 2023 BankingRanking were based on such factors as profitability, return on equity, return on assets, tangible common equity, stock price appreciation and dividend rate.

Bank Director evaluates the performance of the 300 largest publicly traded banks in the U.S., examining the balance between growth and profitability and the ability to deliver long-term shareholder value in a safe and sound manner.

Bank Director also evaluates leadership, board oversight and tech innovation as part of bank performance.

To access the complete Bank Director RankingBanking study, go to  www.paperturn-view.com/us/bank-director/rankingbanking-web-pageturn?pid=MzQ346651.