[Congressional Record Volume 169, Number 78 (Tuesday, May 9, 2023)]
[Extensions of Remarks]
[Pages E409-E410]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  RECOGNIZING THE 50TH ANNIVERSARY OF EAST WEST BANK AND HONORING CEO 
                               DOMINIC NG

                                 ______
                                 

                             HON. TED LIEU

                             of california

                    in the house of representatives

                          Tuesday, May 9, 2023

  Mr. LIEU. Mr. Speaker, I rise to celebrate the 50th anniversary of 
the founding of East West Bank, and to honor the achievements of its 
CEO Mr. Dominic Ng.
  Since they opened in Los Angeles in 1973, East West Bank has served 
the banking needs of people throughout the United States and across the 
world. When many banks closed their doors to the Chinese American 
community due to bigotry and discrimination, East West Bank stepped in 
to provide access to important financial services.
  For five decades, East West Bank has been building bridges of 
opportunity. In 1994, East West Bank enhanced ATM services to offer the 
first trilingual language services (English, Chinese, and Spanish) in 
the country. East West also expanded services to offer trilingual, 24-
hour automatic phone banking services. In 2000, East West Bank launched 
the first bilingual (English/Chinese) website and Online Banking 
Services in the U.S. to support clients seeking new paths to success.
  In 1992, Dominic Ng was appointed President and CEO of East West 
Bank. Mr. Ng has been a resident of Southern California for over 30 
years. As CEO, Mr. Ng transformed East West Bank from a small savings 
institution into a global full-service commercial bank with over $64 
billion in assets.
  In 2022, President Biden recognized Mr. Ngs leadership in the 
business world and substantial contributions to America by naming him 
Chair of the Asia-Pacific Economic Cooperation (APEC) Business Advisory 
Council. In this role he advises APEC leaders on issues affecting the 
continued growth of the Asia-Pacific economy. Mr. Ng continues to work 
to bring economic prosperity to our immigrant communities. His efforts 
today fulfill East

[[Page E410]]

West's mission, and the promise of the American Dream, by helping 
communities in Los Angeles and around the world. Mr. Ng is a patriotic 
American who epitomizes what it means to be an American.
  Today, East West Bank is the largest independent bank headquartered 
in Southern California and is celebrating its 50th anniversary. I would 
like to extend my sincere congratulations to East West Bank on this 
important milestone, and to Dominic Ng for his long and successful 
tenure as CEO.

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