Market Watch (Free subscription) | 11/09/2009
Shares of East West Bancorp surge almost 50% after the Asian-focused California bank acquired failed rival UCBH Holdings and got government backing through a loss-sharing agreement with the FDIC.
The Sacramento Business Journal (Free subscription) | 11/10/2009
Rather than closing branches, East West Bancorp chief executive officer Dominic Ng said Tuesday he plans to expand into more Asian supermarket locations following his bank’s acquisition of United Commercial Bank’s $6.5 billion in deposits on Friday.
bizjournals (Free subscription) | 11/10/2009
Rather than closing branches, East West Bancorp CEO Dominic Ng said Tuesday he plans to expand into more Asian supermarkets locations following his bank’s acquisition of United Commercial Bank’s $6.5 billion in deposits on Friday.
L. A. Times Dodgers Blog (Free subscription) | 11/10/2009
Shares rocket 55%. By taking over its failed rival, East West becomes by far the largest bank focused on the Chinese American market. Wall Street thinks Pasadena-based East West Bancorp made a sweet deal to buy rival United Commercial Bank in a takeover brokered by the Federal Deposit Insurance Corp.
Volume Spike Investor (Free subscription) | 11/09/2009
East West Bancorp Inc. (NASDAQ: EWBC) is soaring this morning, but perhaps on thinner volume than many would like to see. UPDATE at 9:30 AM EST Shares are up over 40% at $12.25 on almost 2 million shares At 9:18 AM EST we have a 27% gain to $11.00 after closing at $8.65 on Friday. We have [...]
Law Blog - WSJ.com (Free subscription) | 11/10/2009
Small-cap stocks rose in a broad-based rally led by the energy, financial and materials sectors, as oil and metals prices gained and investors turned back to this riskier corner of the stock market.
Fool.com (Free subscription) | 11/10/2009
Market-lagging returns could be written in this one-star.
L. A. Times Dodgers Blog (Free subscription) | 11/07/2009
This creates the largest U.S. bank focused on the Chinese American market and the largest bank based in Southern California. Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators tonight and immediately sold to Pasadena's East West Bancorp, creating by far the largest U.S. bank focused on the Chinese American market.
Business Wire (Free subscription) | 11/07/2009
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp (Nasdaq: EWBC) today announced the acquisition of the operations of United Commercial Bank in an FDIC assisted transaction. East West will host a call to discuss the transaction on Monday, November 9, 2009 at 11:00 A.M. PT/ 2:00 P.M. ET. The public and investment community are invited to listen as management discusses the details of the transaction....
GuruFocus Updates (Free subscription) | 11/04/2009
By 10qk. East West Bancorp Inc. ( EWBC ) filed Quarterly Report for the period ended 2009-09-30. Read more » »
bharatbook | 10/21/2009
East West Bancorp, Inc. (EWBI) is a bank holding company. The company through its principal subsidiary East West Bank (the Bank) and others offers banking services to the small and medium-sized businesses, business executives, professionals, and other individuals. The Bank offers loans for construction, commercial and residential real estate projects. The company offers deposit products, including
Business Wire (Free subscription) | 10/19/2009
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, today announced that its Board of Directors declared a quarterly dividend on its common stock and its Series A Preferred Stock. The dividend of $0.01 per share on its common stock is payable on or about November 24, 2009 to shareholders of record as of November 10, 2009. The dividend...
The Street (Free subscription) | 9 hours ago
Updated with closing share prices. More on WFSL Market Activity | DOWN| UP| UPNEW YORK () -- Judging by the pop in shares of East West Bancorp () and Iberiabank() this month after these companies won separate deals to acquire failed bank assets, trying to pinpoint other institutions gunning for similar transactions could yield hefty returns for investors. FBR Capital Markets sees past participants...
People Daily (Free subscription) | 20 hours ago
East West Bancorp, Inc. ( Nasdaq: EWBC), parent company of East West Bank, has recently acquired the banking operations of San Francisco, California based United Commercial Bank (UCB) in a Federal Deposit Insurance Corporation (FDIC) assisted transaction. Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion...
The Street (Free subscription) | 11/19/2009
... Bancshares (FCNCA)Raleigh, N.C.$15,34918%$18,513MB Financial (MBFI)Chicago$11,43095%$14,135East West Bancorp (EWBC)Pasadena, Calif.$8,42513%$12,486Prosperity Bancshares (PRSP)Houston$7,11948%$8,961First Citizens Bancorp (FCBN)Columbia, S.C.$7,01342%$8,336First Financial Bancorp (FFBC)Cincinnati, Ohio$5,836105%$7,260Iberiabank (IBKC)Lafayette, La.$4,77638%$6,467PacWest Bancorp (PACW)San...
