East West Bancorp Declares Third Quarter 2005 Dividend
July 21 2005 - 8:00PM
PR Newswire (US)
East West Bancorp Declares Third Quarter 2005 Dividend SAN MARINO,
Calif., July 21 /PRNewswire-FirstCall/ -- East West Bancorp, Inc.
(NASDAQ:EWBC), parent company of East West Bank, one of the
nation's best performing community banks and a leading financial
institution focused on the Chinese-American and other niche
markets, today announced that its board of directors declared a
quarterly common stock cash dividend of $0.05 per share for the
third quarter of 2005. The dividend will be payable on or about
August 16, 2005 to shareholders of record on August 4, 2005. East
West Bancorp is a publicly owned company, with $6.7 billion in
assets, whose stock is traded on the Nasdaq National Market under
the symbol "EWBC". The company's wholly owned subsidiary, East West
Bank, is the second largest independent commercial bank
headquartered in Los Angeles. East West Bank serves the community
with 45 branch locations throughout Los Angeles, Orange, San
Francisco, Alameda, Santa Clara, and San Mateo counties and a
Beijing Representative Office in China. It is also one of the
largest financial institutions in the nation focusing on the
Chinese-American community. For more information on East West
Bancorp, visit the company's website at
http://www.eastwestbank.com/. Forward-Looking Statements This
release may contain forward-looking statements, which are included
in accordance with the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and accordingly, the
cautionary statements contained in East West Bancorp's Annual
Report on Form 10-K for the year ended Dec. 31, 2004 (See Item I --
Business, and Item 7 -- Management's Discussion and Analysis of
Consolidated Financial Condition and Results of Operations), and
other filings with the Securities and Exchange Commission are
incorporated herein by reference. These factors include, but are
not limited to: the effect of interest rate and currency exchange
fluctuations; competition in the financial services market for both
deposits and loans; EWBC's ability to efficiently incorporate
acquisitions into its operations; the ability of EWBC and its
subsidiaries to increase its customer base; the effect of
regulatory and legislative action, including recently enacted
California tax legislation and an announcement by the state's
Franchise Tax Board regarding the taxation of Registered Investment
Companies; and regional and general economic conditions. Actual
results and performance in future periods may be materially
different from any future results or performance suggested by the
forward-looking statements in this release. Such forward-looking
statements speak only as of the date of this release. East West
expressly disclaims any obligation to update or revise any
forward-looking statements found herein to reflect any changes in
the Bank's expectations of results or any change in events. FOR
FURTHER INFORMATION AT THE COMPANY: Julia Gouw Chief Financial
Officer (626) 583-3512 DATASOURCE: East West Bancorp, Inc. CONTACT:
Julia Gouw, Chief Financial Officer of East West Bancorp, Inc.,
+1-626-583-3512 Web site: http://www.eastwestbank.com/
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