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EWBC East West Bancorp, Inc. featured news, full reports, and detailed charts

East West Bancorp, Inc. (EWBC) Wrap Up:

East West Bancorp, Inc. East West Bancorp, Inc. (referred to herein on an unconsolidated basis as "East West" and on a consolidated basis as the "Company" or "we") is a bank holding company incorporated in Delaware on August 26, 1998 and registered under the Bank Holding Company Act of 1956, as amended ("BHCA"). The Company commenced business on December 30, 1998 when, pursuant to a reorganization, it acquired all of the voting stock of East West Bank, or the "Bank". The Bank is the Company's principal asset. In addition to the Bank, the Company has ten other subsidiaries, namely East West Insurance Services, Inc., East West Capital Trust I, East West Capital Trust II, East West Capital Statutory Trust III, East West Capital Trust IV, East West Capital Trust V, East West Capital Trust VI, East West Capital Trust VII, East West Capital Trust VIII, and East West Capital Trust IX. East West Insurance Services, Inc.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001047469-08-002095.html#FIS_BUSINESS"   
www.eastwestbank.com
1,237 Employees
Founded in 1998

East West Bancorp, Inc. (EWBC:NASDAQ)

LAST $13.96 USD
CHANGE TODAY -0.12 -0.85%
VOLUME 863.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of East West Bancorp, Inc. (EWBC)

OPEN
$13.87
PREVIOUS CLOSE
$14.08
DAY HIGH
$14.42
DAY LOW
$13.82
52 WEEK HIGH
12/18/08 - $16.64
52 WEEK LOW
03/9/09 - $3.24
MARKET CAP
1.3B
AVERAGE VOLUME 3 mo
3.8M
DILUTED EPS TTM
$-3.21
SHARES OUTSTANDING
91.7M
EX-DATE
11/6/09
P/E TTM
NM
DIVIDEND
$0.04
DIVIDEND YIELD
0.29%
K = Thousands  M = Millions  B = Billions

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EWBC Top Compensated Officers

Mr. Dominic Ng
Chairman of the Board, Chief Executive Office...
Age: 50
Total Annual Compensation: $800.0K
Mr. Thomas J. Tolda
Chief Financial Officer, Principal Accounting...
Age: 53
Total Annual Compensation: $244.1K
Mr. Donald S. Chow
Executive Vice President and President of Des...
Age: 57
Total Annual Compensation: $216.3K
Mr. Douglas P. Krause
Chief Risk Officer, Executive Vice President,...
Age: 52
Total Annual Compensation: $442.0K
Mr. Wellington Chen
Executive Vice President, Executive Vice Pres...
Age: 50
Total Annual Compensation: $244.1K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for East West Bancorp, Inc. (EWBC)

East West Bancorp Inc. Plans to Expand into More Asian Supermarket Locations; Announces Some Layoffs

East West Bancorp Inc. plans to expand into more Asian supermarket locations following his bank's acquisition of United Commercial Bank's $6.5 billion in deposits. None of the United Commercial Bank's branches acquired in the deal will close. The Sacramento branch of United Commercial has been converted to an East West branch. The acquisition could lead East West to begin inserting in-store branches at Northern California sites of 99 Ranch Market. East West has exclusive rights to open in-store branches at all 99 Ranch Market locations. The market has stores in about 25 California cities, as well as in Arizona, Nevada, Washington, Texas and Georgia. So far the bank has more than a dozen in-store branches in Southern California, but has yet to open branches in Northern California stores. Locally the 99 Ranch Market chain has stores in Cupertino, Foster City, Fremont, Milpitas, Mountain View, Newark and San Jose. It would be six to nine months before the bank would be exploring the possibility of opening Northern California in-store branches. First order of business post-acquisition is systems integration, a task that poses minimal possibilities of disruption considering both institutions use Metavante and Digital Insight, two financial services software products. The banks offered almost identical products and services. In terms of management and staff, Ng said most of the personnel from each bank know one another quite well. The company also announced that its redundancies within the work force will undoubtedly lead to some layoffs, but wouldn't estimate how many positions might be lost.

East West Bancorp Inc. - Special/M&A Call

To discuss the acquisition of the operations of United Commercial Bank in an FDIC assisted transaction

East West Bancorp Inc. Announces Unaudited Condensed Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Announces Impairment Charges

East West Bancorp Inc. announced unaudited condensed consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported a net loss after extraordinary item was $68.53 million and net loss available to common stockholders was $79.15 million or $0.91 per basic and diluted share on interest and dividend income of $147.92 million compared to net loss after extraordinary item of $31.21 million and net loss available to common stockholders of $35.29 million or $0.56 per basic and diluted share on interest and dividend income of $159.86 million for the same period a year ago. Net interest loss after provision for loan losses was $63.36 million compared to net interest income of $43.52 million for the same period a year ago. Loss before benefit for income taxes was $121.31 million compared to $48.56 million for the same period a year ago. For the nine months, the company reported a net loss after extraordinary item was $183.09 million and net loss available to common stockholders was $226.07 million or $3.19 per basic and diluted share on interest and dividend income of $439.18 million compared to net loss after extraordinary item of $52.05 million and net loss available to common stockholders of $56.14 million or $0.90 per basic and diluted share on interest and dividend income of $514.95 million for the same period a year ago. Net interest loss after provision for loan losses was $124.85 million compared to net interest income of $95.31 million for the same period a year ago. Loss before benefit for income taxes was $304.51 million compared to $85.96 million for the same period a year ago. Book value per common share $12.58. During the third quarter of 2009, the company reported an impairment loss on investment securities of $24.25 million compared to $53.57 million for the same period a year ago.

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EWBC Competitors

Company Last Change
Cathay General Bancorp $7.96 USD -0.07
Citizens Republic Bancorp Inc $0.62 USD +0.015
First Bancorp $13.95 USD +0.17
Pacific Capital Bancorp $1.14 USD +0.1001
Zions Bancorporation $12.55 USD -0.19
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation EWBC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales NM Not Meaningful
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 18.3x

EWBC

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EWBC transactions

Type
Date
Target
Private Placement
November 6, 2009
--
Private Placement
July 14, 2009
--

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