Community Investment Champion of the Year – East West Bank


In 1973, East West Bank opened in the heart of Los Angeles’ Chinatown, becoming the first federally chartered savings institution focused on the financial needs of Asian Americans and Pacific Islanders. The Bank is now one of the 30 largest publicly traded commercial banks in the United States and the largest Certified Minority Depository Institution (MDI) in the continental United States.

Here are two examples of the recent impact of the eastern West Bank:

• In 2020, associates in the eastern West Bank worked tirelessly to support their clients throughout the Paycheck Protection Program (PPP) loan application process, which helped minimize social impacts. -economics of the pandemic. They funded $ 1.8 billion in P3 loans for 7,400 small businesses and nonprofit clients, saving nearly 180,000 jobs.

• Over the past two years, East West Bank has increased its community investment and donated over $ 6.3 million to organizations supporting communities severely affected by the pandemic and racial injustice, such as the Immigrant Neighbor Fund. Voto Latino Foundation Fund, Stop AAPI Hate, Asian American Advancing Justice, Center for Asian Americans for Self-Empowerment, to name a few.

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Jill E. Washington