East West Bancorp, Inc. Appoints Irene H. Oh Executive Vice President and Chief Financial Officer
January 26 2010 - 4:15PM
Business Wire
East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East
West Bank, one of the nation’s premier community banks, today
announced the promotion of Irene H. Oh to Executive Vice President
and Chief Financial Officer. Oh succeeds Thomas J. Tolda who held
the position since April 2008 and resigned, effective today, for
personal reasons.
Oh will be responsible for the Company’s finance, treasury,
accounting, secondary marketing, and investor relations functions.
She will report to Julia Gouw, President and Chief Operating
Officer.
“Irene Oh has been an invaluable member of our senior management
team with strong financial expertise and proven risk management
skills,” said Dominic Ng, Chairman and Chief Executive Officer. “We
look forward to working closely with Irene as we execute East
West’s strategy and communicate our progress to our shareholders
and the financial community,” continued Ng.
Julia Gouw stated, “Irene brings a wealth of experience to the
CFO position and will perform an essential role in not only
overseeing our financial and accounting functions, but also in the
development and execution of our corporate growth strategies. She
is critical to our M&A process and most recently led the due
diligence and finalization of the assets and liabilities of United
Commercial Bank acquired by East West in the November 2009
FDIC-assisted transaction.”
Oh joined the Company in 2005 and served as Senior Vice
President and Director of Corporate Finance. A Certified Public
Accountant, she began her financial career in 1999 with Deloitte
& Touche in Los Angeles and spent two years with Goldman Sachs.
Oh earned her Master of Accounting from the University of Southern
California.
Ng concluded, “We thank Tom Tolda for his contributions to East
West during one of the most challenging periods in the Bank’s
history. He made a number of key contributions that enabled the
Bank to stay ahead of the economic recovery curve and return to
profitability in 2009. We wish Tom well in his future
endeavors.”
About East West
East West Bancorp is a publicly owned company with $20.6 billion
in assets and is traded on the Nasdaq Global Select Market under
the symbol “EWBC”. The Company’s wholly owned subsidiary, East West
Bank, is the third largest independent commercial bank
headquartered in California with 135 branches worldwide; including
111 branches in California, eight branches in New York, five
branches in Georgia, three branches in Massachusetts, two branches
in Texas, and two branches in Washington. In Greater China, East
West's presence includes four full-service branches, including two
in Hong Kong, one in Shanghai, and one in Shantou. The Bank also
has representative offices in Beijing, Guangzhou, Shanghai and
Shenzhen, China, and Taipei, Taiwan. 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; 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 May 2024 to Jun 2024
East West Bancorp (NASDAQ:EWBC)
Historical Stock Chart
From Jun 2023 to Jun 2024