EWB_FrontCover 4/3/03 7:29 AM Page 1 EAST WEST WEST EAST BANCORP 2002 ANNUAL 2002 ANNUAL REPORT 2002 Annual Report A new kind of institution takes shape to fulfill a need. On January 2, 1973, under crystal-blue skies, a celebration took place in Los Angeles’ Chinatown, as the country’s first Chinese-American, federally chartered savings bank opened for business. Now, East West Bank is marking our 30th year as a financial bridge between East and West. We have undergone a remarkable evolution in that time. Today, we are the third-largest independent commercial bank headquartered in Los Angeles and one of the nation’s premier banks serving the Asian-American community. What hasn’t changed is our commitment to creating opportunities for 30 our customers. Celebrating 30 Years of 415 HUNTINGTON DRIVE SAN MARINO CALIFORNIA 91108 (626) 799-5700 WWW.EASTWESTBANK.COM Financial Service, Vision & Strength EAST WEST WEST EAST BANCORP 2002 ANNUAL 2002 ANNUAL REPORT A new kind of institution takes shape to fulfill a need. On January 2, 1973, under crystal-blue skies, a celebration took place in Los Angeles’ Chinatown, as the country’s first Chinese-American, federally chartered savings bank opened for business. Now, East West Bank is marking our 30th year as a financial bridge between East and West. We have undergone a remarkable evolution in that time. Today, we are the third-largest independent commercial bank headquartered in Los Angeles and one of the nation’s premier banks serving the Asian-American community. What hasn’t changed is our commitment to creating opportunities for our customers. Celebrating 30 Years of 415 HUNTINGTON DRIVE SAN MARINO CALIFORNIA 91108 (626) 799-5700 WWW.EASTWESTBANK.COM Financial Service, Vision & Strength EAST WEST BANCORP, INC. AND SUBSIDIARIES LOCATIONS 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 Headquarters East West East West East West East West East West East West East West Federal opens 2nd Headquarters opens its 10th opens its becomes joins Gajah Savings opens office in relocates to branch office. 1st Orange subsidiary Tunggal Group. San Marino (626) 799-5700 its doors in Montebello. San Marino. County office. of Talley Chinatown Industries. Dominic Ng Southern California Los Angeles. becomes Bank President. Anaheim Lincoln Heights (323) 223-1164 East West Bank’s impressive development over three decades has taken place against a With purchase 99 Ranch Market (714) 491-7942 of Pacific Coast Los Angeles – backdrop of national and statewide fiscal successes and challenges, in addition to memorable Bank, East West enters Alhambra – Grand Avenue (213) 688-8600 cultural events. Get a closeup on history from our founding in 1973 to today, including No. California. West Main Street (626) 308-2012 Chinatown (213) 489-5300 West Valley Blvd. (626) 576-7447 a graph tracking East West's solid asset growth in all economic conditions. Assets reach Montebello (323) 723-2311 $1 billion. Arcadia – Duarte Road (626) 821-4988 Monterey Park (626) 281-3800 99 Ranch Market (626) 821-3539 Palos Verdes Peninsula (310) 544-1556 The average Start of California real estate boomLos Angeles Difficult times for Downsizing in Southern Carson – new home in high-rise Olympics California real estate market California aerospace Avalon Blvd. (310) 522-5555 Rosemead (626) 572-4633 Southern office boom industry California in Downtown W. Carson Street (310) 533-1456 costs $35,500. L.A. Rowland Heights (626) 854-0070 Century City (310) 712-0044 California’s San Gabriel – economy outperforms Cerritos (562) 924-8222 99 Ranch Market (626) 927-1180 the nation. City of Industry / San Marino (626) 799-1132 Hacienda Heights (626) 854-8600 Santa Fe Springs (526) 906-7880 Diamond Bar (909) 861-3676 Silverlake (323) 667-9003 El Monte – OPEC oil World’s “The Apple II, Elvis dies. U.S. & China 1st Go-go years First U.S. E.T. hit movie CDs make Apple 1st Statue of World CDs outsell The Berlin Hubble Collapse of the embargo population Godfather, 1st serious establish full commercial for U.S. Space Shuttle, their debut. introduces pay-per-view Liberty population vinyl for the Wall falls. telescope Soviet Union Flair Drive (626) 582-8050 South Pasadena (323) 682-3831 creates an reaches Part II” home “Saturday diplomatic cellular economy “Columbia” 1st the Macintosh channels celebrates exceeds first time. launched. N. Peck Road (626) 579-5450 energy crisis 4 billion. wins Best computer Night Fever” relations. telephone commercial Time computer. offered its 100th 5 billion. 100 million S. Santa Anita Ave. (626) 579-1860 Tarzana (818) 774-2666 in the United Picture. debuts. system Oil prices IBM cellular phone magazine in U.S. birthday. computers States. Hank Aaron World’s begins in drop, unveils its service in names the worldwide breaks Babe 1st population Tok yo. continuing 1st personal the U.S. computer as Nintendo Glendale (818) 545-8800 Torrance (310) 791-2800 Sears Tower Ruth’s home commercial reaches through computer. 1982 Man of video games 60 percent $1,043,011 in Chicago run record. micro- 4.4 billion. early ‘80s. the Year. introduced to of U.S. $1,029,020 Irvine – Westminster (714) 895-2575 debuts, world’s computer Inflation at the U.S. households 99 Ranch Market (949) 451-1601 tallest building. One million 14% OPEC cuts get cable computers crude oil Oprah Winfrey service. in the U.S. VCR sales in prices for 1st Show debuts Northern California U.S. rise 72% time in 23- on daytime TV. in 12 months. year history. Cupertino (408) 873-7030 Oakland (510) 465-3333 Scientists $606,435 find a “hole” $560,965 Milbrae (650) 259-9208 San Francisco – in the ozone Loan Production Office Richmond District (415) 750-2800 $457,727 layer of the Chinatown (415) 433-1533 South Pole. $353,028 Milpitas – $301,686 99 Ranch Market (408) 571-4481 $267,370 $234,655 East West $181,740 Total Assets (in thousands) $117,809 $89,789 $70,542 China $20,936 $28,988 $39,172 $55,648 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 Beijing Bright China Chang An Building #7, Room 609, Jianguomen Nei Avenue, Phone: 011-86-10-6510-1551 Member FDIC EAST WEST BANCORP, INC. AND SUBSIDIARIES LOCATIONS 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 Headquarters East West East West East West East West East West East West East West Federal opens 2nd Headquarters opens its 10th opens its becomes joins Gajah Savings opens office in relocates to branch office. 1st Orange subsidiary Tunggal Group. San Marino (626) 799-5700 its doors in Montebello. San Marino. County office. of Talley Chinatown Industries. Dominic Ng Southern California Los Angeles. becomes Bank President. Anaheim Lincoln Heights (323) 223-1164 East West Bank’s impressive development over three decades has taken place against a With purchase 99 Ranch Market (714) 491-7942 of Pacific Coast Los Angeles – backdrop of national and statewide fiscal successes and challenges, in addition to memorable Bank, East West enters Alhambra – Grand Avenue (213) 688-8600 cultural events. Get a closeup on history from our founding in 1973 to today, including No. California. West Main Street (626) 308-2012 Chinatown (213) 489-5300 West Valley Blvd. (626) 576-7447 a graph tracking East West's solid asset growth in all economic conditions. Assets reach Montebello (323) 723-2311 $1 billion. Arcadia – Duarte Road (626) 821-4988 Monterey Park (626) 281-3800 99 Ranch Market (626) 821-3539 Palos Verdes Peninsula (310) 544-1556 The average Start of California real estate boomLos Angeles Difficult times for Downsizing in Southern Carson – new home in high-rise Olympics California real estate market California aerospace Avalon Blvd. (310) 522-5555 Rosemead (626) 572-4633 Southern office boom industry California in Downtown W. Carson Street (310) 533-1456 costs $35,500. L.A. Rowland Heights (626) 854-0070 Century City (310) 712-0044 California’s San Gabriel – economy outperforms Cerritos (562) 924-8222 99 Ranch Market (626) 927-1180 the nation. City of Industry / San Marino (626) 799-1132 Hacienda Heights (626) 854-8600 Santa Fe Springs (526) 906-7880 Diamond Bar (909) 861-3676 Silverlake (323) 667-9003 El Monte – OPEC oil World’s “The Apple II, Elvis dies. U.S. & China 1st Go-go years First U.S. E.T. hit movie CDs make Apple 1st Statue of World CDs outsell The Berlin Hubble Collapse of the embargo population Godfather, 1st serious establish full commercial for U.S. Space Shuttle, their debut. introduces pay-per-view Liberty population vinyl for the Wall falls. telescope Soviet Union Flair Drive (626) 582-8050 South Pasadena (323) 682-3831 creates an reaches Part II” home “Saturday diplomatic cellular economy “Columbia” 1st the Macintosh channels celebrates exceeds first time. launched. N. Peck Road (626) 579-5450 energy crisis 4 billion. wins Best computer Night Fever” relations. telephone commercial Time computer. offered its 100th 5 billion. 100 million S. Santa Anita Ave. (626) 579-1860 Tarzana (818) 774-2666 in the United Picture. debuts. system Oil prices IBM cellular phone magazine in U.S. birthday. computers States. Hank Aaron World’s begins in drop, unveils its service in names the worldwide breaks Babe 1st population Tok yo. continuing 1st personal the U.S. computer as Nintendo Glendale (818) 545-8800 Torrance (310) 791-2800 Sears Tower Ruth’s home commercial reaches through computer. 1982 Man of video games 60 percent $1,043,011 in Chicago run record. micro- 4.4 billion.