East West Bank is one of the United States' most successful financial institutions, consistently achieving success as a bank focused on the United States and Greater China markets. With over $37.2 billion (as of December 2017) in assets supported by 130 locations worldwide, East West Bank's understanding of cultural and business practices on both sides of the Pacific is enabling a new generation of customers to seamlessly scale their business and investment opportunities between East and West.
East West Bank provides a wide range of consumer and commercial banking products and services throughout the United States in California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In Greater China, East West's presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, Taipei and Xiamen.
East West Bank was founded in 1973 as the first federally chartered savings institution focused primarily on serving the financial needs of Chinese-Americans in Los Angeles. Over the years, this emerging consumer and commercial segment has continued to grow and flourish and East West Bank has grown and flourished right along with it. As one of the only banks to focus primarily on the U.S. and Greater China markets, East West Bank continues to expand its extensive global network of contacts and resources to better serve their customers' diverse financial needs in and between the world's two largest markets.
The company's financial performance has been outstanding. The bank reported record earnings of $505.6 million or $3.47 per diluted share (17% increase from prior year) for the year ended December 31, 2017. The bank posted an adjusted return on assets of 1.41% and an adjusted return on equity of 13.66%. Total loans grew to a record high of $29.1 billion and deposits grew to a record $32.2 billion as of December 31, 2017.
With an emphasis on commercial banking experience, we are seeking a seasoned credit officer to support the core C&I and C&I specialized industries at East West Bank. This hands-on leader is responsible for East West Bank's broad C&I loan portfolio and all other credit exposures for both new approvals and on a continuing basis in order to prevent or minimize loan losses; assist in the detection of deterioration in loan quality; and review and ensure that internal compliance objectives are met. Specific sector experience in asset based lending, private equity, leveraged finance, entertainment, healthcare or technology would be a plus.
Strong leadership and people management skills are required — especially the proven ability to work with different business units and personalities as an effective player/coach with the ability to balance top-line and bottom-line priorities. A strong executive presence is required along with excellent presentation and influencing skills, as well as a passion for the business.
East West Bank is adding this position to support our expanding business. The position can be based in Pasadena California, San Francisco or New York and will report to the Chief Credit Officer (CCO).