East West Bancorp Declares Dividend on Its Convertible Preferred Stock
July 17 2008 - 9:45PM
Business Wire
East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West
Bank, announced that its board of directors has authorized
dividends on its preferred stock. A regular quarterly cash dividend
of $20.00 per depository share on the 8.0% non-cumulative perpetual
convertible preferred stock series A is payable on August 1, 2008
to shareholders of record as of July 15, 2008. About East West East
West Bancorp is a publicly owned company, with $11.8 billion in
assets, whose stock is traded on the Nasdaq Global Select Market
under the symbol �EWBC.� The company�s wholly owned subsidiary,
East West Bank, is the second largest independent commercial bank
headquartered in Southern California with 72 branch locations. The
Bank is chartered by the State of California and its deposits are
insured by the Federal Deposit Insurance Corporation or FDIC, to
the maximum extent permitted by law. East West Bank serves the
community with 70 branch locations across Southern and Northern
California and a branch location in Houston, Texas. East West Bank
has three international locations in Greater China, including a
full-service branch in Hong Kong and representative offices in
Beijing and Shanghai. For more information on East West Bancorp,
visit the company�s website at 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,
2007 (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
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 event.
East West Bancorp (NASDAQ:EWBC)
Historical Stock Chart
From Jun 2024 to Jul 2024
East West Bancorp (NASDAQ:EWBC)
Historical Stock Chart
From Jul 2023 to Jul 2024