East West Bank Recognized by Community Partners for Corporate Citizenship

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PUBLISHED JUNE 19, 2015

The Los Angeles Business Journal (LABJ) awarded East West Bank the Corporate Social Responsibility award at the 5th Annual Nonprofit and Corporate Citizenship Awards on June 19 at the Millennium Biltmore Hotel. We were nominated by long time community partner, the United Way of Greater Los Angeles, who earlier this month awarded the Bank with the Spirit of Los Angeles award for organizations that raised over $500,000 for their "Pathways Out of Poverty" program. Dominic Ng, our Chairman and CEO, represented the Bank to receive the award and shared the award with his fellow associates.

"In order for us to receive an award like this, the most important thing is my associates at East West Bank. We are a Los Angeles company in Pasadena, and we have over 1,000 associates working in this region, serving over 100,000 clients and industry partners, so it's a given that we should be involved and give back to the community," Ng told the room of business and community leaders.

Under Ng's leadership and with the support of many passionate like-minded associates, East West Bank has developed a strong culture of corporate responsibility and is becoming a recognized pillar in the community. We have been a community leader in promoting financial literacy, economic empowerment, arts and culture, and civic engagement; raising millions of dollars and contributing thousands of volunteer hours to pressing causes in our community. In addition to contributing our time and resources, we have sought to leverage strategic partnerships with nonprofits with a proven record of improving lives, such as the United Way of Greater Los Angeles, the Lakers Youth Foundation, Operation HOPE, the Houston Rockets, Junior Achievement and FDIC, the Downtown Women's Center and the City of Pasadena Housing Department.

In addition to important financial education, economic support, public services and education programs, Ng and East West Bank have been leading advocates for greater access to a diverse offering of world-class arts and culture. This has included partnerships with the most distinguished cultural institutions on the West Coast including J. Paul Getty Trust, the Huntington Library, Art Collections, and Botanical Gardens, the Bowers Museum, the Asia Pacific Museum, Museum of Contemporary Art (MOCA) Los Angeles, Asia Society of Southern California and EDI Media.

"We have a mission to be a bridge between the East and West, and we at East West Bank try to be the role model, and actively engage in the community at large, by being involved and giving volunteer time, and dispel the myth that new immigrants, due to cultural or language barriers cannot fully participate in American life," said Ng.