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East West Bank is the largest publicly traded bank headquartered in Southern California, serving the Chinese American community and other markets. It was founded in 1973 and has grown through acquisitions, sponsorships, and financing major films and TV shows.
United Commercial Bank was a Chinese American bank that failed in 2009 and was acquired by East West Bank. It had branches in the US, China, Hong Kong and Taiwan, and faced financial scandals and losses before its closure.
Find out the top 100 bank holding companies in the U.S. by total assets, market capitalization and CET1 capital requirement as of March 31, 2024. See the table with bank names, headquarters locations, ticker symbols and more details.
United Commercial Bank – acquired by East West Bank; URS Corporation – San Francisco – acquired by AECOM; Victoria's Secret – started in Palo Alto, now headquartered in Reynoldsburg, Ohio; Virgin America – Burlingame – acquired by Alaska Airlines; X Corp. – moved to Bastrop, TX; Yahoo! (353) – Sunnyvale- acquired by Verizon Media
The bank's parent entity, East West Bancorp, went public in 1999. [9] During his tenure, East West has bought nine financial institutions. [11] East West doubled its assets after the purchase of its closest competitor, United Commercial Bank, in 2009. [1] [8] [11] [12] The acquisition expanded East West to Atlanta, Boston, New York, and Seattle ...
East West Bancorp is the parent company of East West Bank, the largest state-chartered bank in California. It provides retail and commercial banking services to customers in the US and Asia, and has over $70 billion in assets as of 2023.
Cathay Bank is a Chinese American bank founded in 1962 in Los Angeles. It has grown through several mergers and acquisitions, including General Bank in 2003 and Far East National Bank in 2017.
The San Francisco Wholesale Produce Market, [143] located on Jerrold Avenue, has been at the center of food distribution in San Francisco since long before moving to its Bayview location in 1963. [144] In June 2020, San Francisco native, Reese Benton, opened the city's first black-owned woman-led cannabis dispensary, Posh Green Retail Store. [145]