East West Bancorp Announces Fourth Quarter 2009 Dividends, Date for Third Quarter Earnings Conference Call/Webcast
October 19 2009 - 5:25PM
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 on the Series A Preferred Stock of $20.00 per share
is payable on November 1, 2009 to shareholders of record on October
15, 2009.
East West Bancorp will announce third quarter 2009 earnings to
the public on Thursday, October 22, 2009 at 8:30 A.M. PT/ 11:30
A.M. ET via the Company’s live quarterly earnings conference call.
The public and investment community are invited to listen as
management discusses third quarter results and operating
developments.
Financial results will be released over the news wires after the
market closes on Wednesday, October 21, 2009.
About East West
East West Bancorp (NASDAQ: EWBC) is a publicly owned
company with $12.7 billion in assets. The Company’s wholly owned
subsidiary, East West Bank, is FDIC insured and the second largest
full service commercial bank headquartered in Southern
California with 71 branch locations. East West Bank serves the
community with 69 branch locations throughout the counties of Los
Angeles, Orange, San Bernardino, Alameda, San Francisco, Santa
Clara, San Mateo and one branch location in Houston,
Texas. East West Bank has four international locations in Greater
China, which include a full service branch in Hong Kong and
representative offices in Beijing, Shanghai and Taipei. In addition
to serving the mainstream market, East West is also one of the
largest financial institutions in the nation serving the
Chinese-American community. 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, 2008 (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 borrowers to
perform as required under the terms of their loans; effect of
additional provisions for loan losses; effect of any goodwill
impairment, 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; risks inherent in possible acquisitions and
FDIC-assisted transactions; 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.
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