Pasadena-based East West Bancorp, Inc., which owns and operates the Eastern West Bank, received a “Best Advice” rating in the Bank Manager’s 2022 Ranking Banking study, which identifies top banks in the States -United.
East West Bancorp outperformed two of the nation’s largest banks – US Bancorp and JP Morgan Chase and Co., which ranked second and third, the bank chief said.
Bank director (www.bankdirector.com) is a privately-held information resources firm based in Brentwood, Tennessee, which has served the financial community since 1991 and focuses on the most fundamental strategic issues for the CEO, management team, president and independent directors of ‘a bank.
Earlier this year, the bank chief cited East West Bancorp as the best performing bank in his 2021 banking performance dashboard for banks in the $ 50 billion and above asset class.
The statement added that East West Bancorp earned the top board ranking “due to its diverse and capable board of directors and strong governance practices.”
âI am delighted that the leadership, diversity and strong governance of our Board of Directors has been recognized by the Best Board of Directors ranking,â said Dominic Ng, President and CEO of East West Bank. âI have always believed that there is strength in diversity. This recognition demonstrates that diversity also contributes to our strong financial performance and our customer focus.
East West Bancorp’s eight-member board of directors includes three women and six members representing diverse ethnic and racial backgrounds.
This diversity enriches the deliberations, according to Molly Campbell, board member, an African-American who is also an infrastructure advisor to the technical assistance office of the US Department of the Treasury.
âWe have so many broad perspectives in the room,â Campbell said. “We don’t all agree all the time, (but) we are comfortable expressing our opinions and improving the bank.”
The data used in RankingBanking 2022 analysis was collected through S&P Global Market Intelligence, publicly available information, documents filed with the Securities and Exchange Commission and other outlets.
The 2022 Best Boards rankings are available on www.bankdirector.com/rankingbanking/best-boards.
The 2021 Bank Performance Scorecard, an annual ranking of the 300 largest publicly traded banks in the United States, is published in the Q3 2021 issue of Bank Director and is available at www.bankdirector.com/magazine/archives/3rd-quarter-2021/steady-in-the-storm.
East West Bancorp, Inc., a public company with total assets of over $ 61 billion, owns East West Bank, which is headquartered at 135 N. Los Robles Ave. in Pasadena and operates more than 120 locations in the United States and China.
For more information visit www.eastwestbank.com.