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BUSINESS BANKING - Specialty Deposit Industries


Retention Escrow Services for Public Works Contractors


The construction industry has its own unique set of financial requirements. At East West Bank, we're dedicated to helping construction companies evaluate and implement the best solutions to meet their projects' retention needs.

Let our team of industry experts assist you as you discover the benefits of partnering with East West Bank.

- Facilitate Account Activity between contractors and project owners.
- Manage the process from initiation to full release, reconciliation and disbursement.
- A bank with the strength and stability of one of the largest independent National banks with headquarters in California. Click here to view our recent Annual Reports.
- Dedicated centralized relationship service unit with business hours: 8:30 AM to 6:00 PM PST, Monday through Friday by calling (855) 392-8326.
Functions and Features available to streamline the process to meet your business needs.
- No Fees - to the Contractor.
- Interest earning escrow accounts - competitive rates of interest earned on deposited retention funds.
- Open accounts quickly and easily - Same-day preparation and distribution of documents.
- Immediate notifications - we'll keep you current on incoming retention funds, performance guarantee releases and escrow balances.
- Adaptable disbursement methods - choose your ideal means of disbursement, including electronic transfers.
 

To learn how you can achieve a superior client experience and build the bridge for Public Works Contractors, please contact Katrina McLean, Industry Manager at (626) 768-6713 or email Katrina.McLean@eastwestbank.com.

 

East West Bank is an active member of the following trade associations:

  • Associated General Contractors (AGC) of California
  • Construction Financial Management Association (CFMA)

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