Dominic Ng, Chairman and CEO of East West Bank, had the honor of ringing the opening bell at Nasdaq today, marking a remarkable milestone: the bank’s 25th anniversary of its listing on the stock exchange. As the largest publicly traded bank based in Southern California, Ng emphasized the significance of the occasion, stating, “Today is a momentous day for East West Bank. Celebrating 25 years on Nasdaq not only reaffirms our customers’ trust but also underscores our unwavering commitment to help them progress.”
Under Ng’s leadership, East West Bank has evolved from a $600 million savings and loan institution into a global commercial bank with total assets of $72 billion. For the second consecutive year in 2024, the respected financial publication, Bank Director, recognized East West Bank as the best-performing publicly traded bank in its category. The bank also adeptly navigated the challenges posed by the regional banking crisis in 2023 while maintaining a strong performance.
During the ceremonial bell ringing, Ng highlighted the importance of being listed on Nasdaq for both the public and the bank’s employees: “Being publicly traded means the public can join us on our growth journey, and we want our employees to share in our success as well.” When preparations for the Nasdaq listing began, Ng launched the “Spirit of Ownership” initiative, designed to engage employees by granting both full-time and part-time staff company stock each year during Lunar New Year, reflecting East West Bank’s deep ties to the Chinese American community. Ng explained, “By ensuring that both the public and our employees have a stake, we connect everyone’s success to that of the company.”
Founded in 1973, East West Bank originally served communities that were often overlooked by mainstream financial institutions, offering essential financial services. Fifty-one years later, it has transformed from a single-branch community bank into an international institution that strengthens financial and cultural connections between the U.S. and Asia. With a robust capital foundation, a diversified business model, and a segmented client approach, East West Bank now provides specialized consulting and services across various sectors, including media, entertainment, private equity, infrastructure, clean energy, manufacturing, and commercial real estate.
About East West Bank:
East West Bank is committed to helping clients access opportunities and move forward. Its parent company, East West Bank Corporation (EWBC), is publicly traded on the Nasdaq Global Select Market. As Southern California’s largest independent commercial bank, East West Bank reported total assets of $72.5 billion as of June 30, 2024, operating over 110 locations in the U.S. and Asia. The bank primarily serves markets in California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, and Washington. For more information about East West Bank, please visit www.eastwestbank.com.
