DOCSLIB.ORG

Form 8-K East West Bancorp, Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Form 8-K East West Bancorp, Inc UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 8, 2020 EAST WEST BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 000-24939 (Commission File Number) 95-4703316 (IRS Employer Identification No.) 135 N Los Robles Ave., 7th Floor, Pasadena, California 91101 (Address of principal executive offices) (Zip code) (626) 768-6000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 Par Value EWBC The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 1 Item 8.01. Other Events. On May 8, 2020, East West Bancorp, Inc. (the “Company”) issued a press release (“Press Release”) announcing that due to the public health impact of the coronavirus (COVID-19) outbreak, its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”), to be held on Tuesday, May 19, 2020, at 2:00 p.m., Pacific Time, has been changed to a virtual-only meeting. The Press Release provides additional information regarding how stockholders of the Company’s common stock as of the record date for the 2020 Annual Meeting may attend and participate at the meeting. A copy of the Company’s Press Release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated May 8, 2020. 104 Cover Page Interactive Data (formatted as Inline XBRL). Filed herewith. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EAST WEST BANCORP, INC. Date: May 8, 2020 By: /s/ Irene H. Oh Irene H. Oh Executive Vice President and Chief Financial Officer 3 Exhibit 99.1 East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6000 NEWS RELEASE FOR INVESTOR INQUIRIES, CONTACT: Irene Oh Julianna Balicka Chief Financial Officer Director of Strategy and Corporate Development O: (626) 768-6360 O: (626) 768-6985 E: [email protected] E: [email protected] NOTICE OF CHANGE OF LOCATION OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 19, 2020: MOVE TO A VIRTUAL MEETING Pasadena, California - May 08, 2020 - East West Bancorp, Inc. (the “Company”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today announced that due to the public health impact of the coronavirus (COVID-19) outbreak, and to support the health and well-being of its employees, stockholders, and other meeting participants, the Company’s 2020 Annual Meeting of Stockholders (“Annual Meeting”) scheduled for Tuesday, May 19, 2020, at 2:00 p.m. Pacific Time, will now be held in a virtual meeting format only. The date and time of the Annual Meeting, May 19, 2020 at 2:00 pm Pacific Time, as disclosed in the Company’s proxy materials for the meeting, has not changed. Stockholders will not be able to attend the Annual Meeting physically in person. As described in the proxy materials for the Annual Meeting, the Company’s stockholders are entitled to attend and vote at the Annual Meeting only if they held shares as of the close of business on March 23, 2020, the record date designated by the Board for the meeting (the “Record Date”), or hold a legal proxy from their broker, bank or other nominee. Stockholders can vote their shares prior to the meeting until 11:59 p.m. Eastern Time on May 18, 2020 at www.envisionreports.com/EWBC or by telephone. The Company has designed the format of the Annual Meeting to ensure that stockholders are afforded the opportunity to participate in the meeting, including voting and asking questions using online tools. For additional information about the Annual Meeting, please refer to the Company's proxy materials filed with the Securities and Exchange Commission on April 10, 2020, and the supplemental proxy materials filed on May 08, 2020, which are available under the "SEC Filings" section of the Company’s Investor Relations website at investor.eastwestbank.com/Docs. We urge stockholders to read the proxy materials in their entirety. Attending the Annual Meeting as a Stockholder of Record If you were a holder of record of common stock of the Company at the close of business on the Record Date (i.e., you held your shares in your own name as reflected in the records of the Company’s transfer agent, Computershare), you can attend the audio webcast of the meeting by accessing www.meetingcenter.io/230302465 and entering the 15-digit control number on the proxy card or Notice of Internet Availability of Proxy Materials you previously received. The meeting password is EWBC2020. You are encouraged to join the meeting 15 minutes before the start of the Annual Meeting to allow time to log-in and test your device’s audio system. Registering to Attend the Annual Meeting as a Beneficial Owner If you were a beneficial holder of common stock of the Company as of the Record Date (i.e., you held your shares in “street name” through an intermediary, such as a broker, bank or other nominee), you must register in advance to virtually attend the Annual Meeting. To register, you must obtain a legal proxy, executed in your favor, from the holder of record and submit proof of your legal proxy reflecting the number of shares of Company’s common stock you held as of the Record Date, along with your name and email address, to Computershare. Please forward the email from your broker, bank or other nominee or attach an image of your legal proxy to [email protected]. Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 p.m. Eastern, on May 14, 2020. You will then receive a confirmation of your registration, with a control number, by email from Computershare. At the time of the audio webcast of the meeting, go to www.meetingcenter.io/230302465 and enter your control number and the meeting password EWBC2020. You are encouraged to join the meeting 15 minutes before the start of the Annual Meeting to allow time to log-in and test your device’s audio system. Voting Shares Your vote is important. Whether or not you plan to virtually attend the Annual Meeting, please vote as soon as possible by one of the methods described in the proxy materials for the Annual Meeting to ensure that your shares are represented and voted at the Annual Meeting. If you have not already voted your shares in advance, you will be able to vote your shares electronically during the Annual Meeting by clicking on the “Cast Your Vote” link on the meeting center at www.meetingcenter.io/230302465. Whether or not you plan to attend the Annual Meeting, we urge you to vote and submit your proxy in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Annual Meeting. If you have already voted, you do not need to vote again. About East West East West Bancorp, Inc. is a publicly owned company with total assets of $45.9 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly-owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California. East West is a premier bank focused exclusively on the United States and Greater China markets and operates over 125 locations worldwide, including in the United States markets of California, Georgia, Massachusetts, Nevada, New York, Texas and Washington. In Greater China, East West’s presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, and Xiamen. For more information on East West, visit the Company’s website at www.eastwestbank.com..
Load more

Recommended publications
  • NEWS RELEASE for FURTHER INFORMATION at the COMPANY: Irene Oh Chief Financial Officer (626) 768-6360
    East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6800 Fax 626.817.8838 NEWS RELEASE FOR FURTHER INFORMATION AT THE COMPANY: Irene Oh Chief Financial Officer (626) 768-6360 EAST WEST BANCORP ANNOUNCES THE ELECTION OF RUDOLPH I. ESTRADA AS LEAD DIRECTOR Pasadena, CA – April 19, 2013 – East West Bancorp, Inc. (“East West”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today announced that the outside independent directors of its Board of Directors have elected Rudolph I. Estrada as Lead Director, effective July 2013. “Mr. Estrada is a highly experienced director and well suited for this role,” said Dominic Ng, Chairman and Chief Executive Officer of East West. “I look forward to continuing to work closely with Rudy and all of our board members in upholding high corporate governance standards and delivering long-term value to our shareholders.” “I am pleased and honored to be elected as Lead Director and serve in this important governance role for one of the best performing banks in the nation,” said Estrada. “East West Bank’s long-standing reputation for sound corporate governance and ethical business practices is a strategic asset in building strong and productive business and community partnerships.” Mr. Estrada has been a director of East West Bancorp and East West Bank since 2005. He currently serves as Chairman of the Risk Oversight Committee and is a member of the Executive Committee of the Boards of East West Bancorp and East West Bank.
    [Show full text]
  • LAEDC Honors East West Bank Chairman Dominic Ng with 2011 Individual Eddy® Award
    CONTACT: Colin Maynard (213) 236-4845 [email protected] Nhien Lasky (213) 236-4816 [email protected] News Release FOR IMMEDIATE RELEASE Wednesday, June 15, 2011 LAEDC Honors East West Bank Chairman Dominic Ng With 2011 Individual Eddy® Award Ng guided East West Bank through 2007-2010 financial crisis, Emerged as one of strongest in the U.S, Forbes listed East West Bank among America’s Best Banks in December 2010 LOS ANGELES — The Los Angeles County Economic Development Corporation (LAEDC) today announced Dominic Ng, Chairman and Chief Executive Officer of East West Bank, as its individual Eddy Awards® honoree. Inaugurated in 1996, the annual Eddy Awards® gala has become the most important economic development award program in the state of California. This year’s 16th anniversary event will be held on Thursday, November 3, 2011, at the Beverly Hilton Hotel. Headquartered in Pasadena, California, East West Bancorp is a publicly owned company traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly owned subsidiary, East West Bank, with over $21 billion in assets, is one of California’s largest independent commercial banks. “At a time when America’s unemployment rate tops 9 percent, Ng has positioned East West Bank as a leading national banking institution. As a result, East West represents significant capital and investment in Los Angeles County’s local economy and infrastructure,” said LAEDC CEO Bill Allen. “East West continues to expand its business in the U.S. and in Greater China—serving as a bridge between these markets and playing an important role in the renewal of Los Angeles County’s economy and job markets.
    [Show full text]
  • East West Bancorp Fully Exits Tarp by Repurchasing $306.5 Million in Preferred Stock from the U.S
    East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6800 Fax 626.817.8838 NEWS RELEASE FOR FURTHER INFORMATION AT THE COMPANY: Irene Oh Chief Financial Officer (626) 768-6360 EAST WEST BANCORP FULLY EXITS TARP BY REPURCHASING $306.5 MILLION IN PREFERRED STOCK FROM THE U.S. TREASURY Pasadena, CA – December 29, 2010 – East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, one of the nation’s premier regional banks, is pleased to announce today that it has fully repaid the $306.5 million of preferred stock issued to the U.S. Treasury Department under the TARP Capital Purchase Program. East West’s strong capital levels, balance sheet, and profitability allowed the Company to exit TARP without raising any capital or debt. East West used available cash to fund the repurchase of the preferred stock of $306.5 million and payment of the final dividend of $1.8 million. East West’s September 30, 2010 regulatory capital ratios and pro forma capital ratios excluding the repurchased preferred stock are detailed in the table below. East West’s pro forma September 30, 2010 regulatory capital ratios all significantly exceed the well- capitalized requirements. Even after the repayment of TARP, our capital ratios are among the highest in the nation. Actual Pro Forma Well S eptember 30, September 30, 2010, Capitalized 2010 Excluding TARP Requirements Tier 1 leverage capital ratio 10.8% 9.2% 5.0% Tier 1 risk-based capital ratio 17.9% 15.3% 6.0% Total risk-based capital ratio 19.7% 17.1% 10.0% The preferred stock was issued at a discount and the repurchase will accelerate the accretion of this discount.
    [Show full text]
  • East West Bancorp, Inc. Notification of Series a Preferred Stock Mandatory Conversion
    East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6800 Fax 626.817.8838 NEWS RELEASE FOR FURTHER INFORMATION AT THE COMPANY: Irene Oh Chief Financial Offer (626) 768-6360 EAST WEST BANCORP, INC. NOTIFICATION OF SERIES A PREFERRED STOCK MANDATORY CONVERSION Pasadena, CA – April 17, 2013 – East West Bancorp, Inc. (the “Company”) (NASDAQ:EWBC) will exercise its mandatory conversion right related to all the outstanding shares of its 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (the “Series A Preferred Stock”). The mandatory conversion date will be May 1, 2013 (“Mandatory Conversion Date”). On April 16, 2013, marking the 30th trading day in the previous 30 trading days, the trading price of the Common Stock closed at $24.58, exceeds 130% of the initial conversion price of $15.39 per share of the Common Stock, triggering the right of the Company to exercise its mandatory conversion right, in accordance with the terms of agreements the Company and the Board of Directors agreed. On the Mandatory Conversion Date, holders of Series A Preferred Stock will be entitled to receive 65.13296 shares of the Company’s Common Stock (“Common Stock”), par value $.001 per share, plus any accrued and unpaid dividends, for each share of Series A Preferred Stock converted, reflecting an approximate conversion price of $15.35 per share based on the initial issuance price of $1,000 per share of Series A Preferred Stock. There are currently 85,710 shares of Series A Preferred Stock outstanding, and a total of approximately 5,582,546 shares of Common Stock will be issued upon conversion of the Series A Preferred Stock.
    [Show full text]
  • East West Bank Mortgage
    East West Bank Mortgage Is Angel crawling or evident when nasalized some Rambouillet renormalize libidinously? Sometimes back Rodge teeing her immunisations axially, but soporific Boyce releases capriccioso or advocate infrangibly. Avi is unslumbrous: she chimneyed worryingly and pedestrianizes her plumbism. And growth of them a licensed insurance policies and west mortgage production in altadena and population of the three state and why i requested Looking for Online Banking? Your message was received. Is that the right way to understand that? Asian American banks to operate on both the east and west coasts. Read your favorite comics from Comics Kingdom. Find Massachusetts restaurant reviews and recommendations for dining out in Massachusetts from masslive. See how many people viewed this page. Lender, who do I contact? Want to east west bank mortgage. In Greater China, we started booking some of these loans now in July. We have a loan specialists can i know exactly what type of our access to interest rates in cerritos, just like a more often do east west bank mortgage? Her bilingualism was a distinct advantage there. Tournament of Roses Parade. American Financial Resource Inc. The Underwriting Manager directs the daily assignments of the underwriting staff and team lead to ensure acceptable turn time and load balancing as well as mentoring where required. We also reference original research from other reputable publishers where appropriate. Gery did not respond to a request for comment. Understanding written sentences and paragraphs in work related documents. Excellent written and verbal communication skills preferred. Associated Bank can help you make it happen. Area native who has two decades of experience in real estate management.
    [Show full text]
  • Second Quarter 2017 INVESTOR PRESENTATION
    Second Quarter 2017 INVESTOR PRESENTATION August 2017 Safe Harbor Statement This presentation may include forward-looking statements that involve inherent risks and uncertainties. East West Bancorp, Inc. cautions readers that a number of important factors could cause actual results to differ materially from those in any forward-looking statements. These factors include economic conditions and competition in the geographic and business areas in which East West Bancorp and its subsidiaries operate, inflation or deflation, fluctuation in interest rates, legislation and governmental regulations, investigation of acquired banks and other factors discussed in the Company’s filings with the SEC. 2 East West Profile East West Bank is the largest independent bank based in Los Angeles, CA. With $36 billion in total assets, 44 years of operating history, and 2,900 associates, East West Bank is the leading bank serving the Asian community in the U.S. LOCATIONS UNITED STATES + GREATER CHINA 130 THROUGHOUT 120+ Locations 10 Locations Across 60+ cities in 10 metropolitan areas 5 Full-service branches 89 U.S. branches in California 5 Representative offices Shenzhen Shantou Las Vegas Seattle Shanghai & Beijing Shanghai FTZ San Francisco Houston Chongqing Los Angeles Dallas Atlanta Taipei New York Boston San Diego Guangzhou Xiamen Hong Kong 3 East West Bank Milestones The Going Size Expansion in Today Beginning Public Doubles TX and CA 1973 1999 2009 2014 2017 1H First EWB Branch EWBC begins Acquired $10 billion Presence expanded Net income: opens for business. to trade on United Commercial in TX and CA with $288 million First S&L bank serving Nasdaq. Bank and doubled acquisition of and assets of the Asian American asset size to over $2 billion in assets $36 billion.
    [Show full text]
  • 768-6266 East West Bank Opens F
    East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6000 Fax 626.817.8838 NEWS RELEASE ---------------------------------------------------------------------------------------------------- FOR FURTHER INFORMATION ABOUT THE COMPANY: Emily Wang SVP Director of Marketing and Community Development [email protected] (626) 768-6266 East West Bank Opens Full Service Branch in Shenzhen Further expanding cross-border financial services in the U.S. and China Pasadena, CA – November 18, 2014 East West Bank, parent company of East West Bank (China) Limited, announced the opening of a new full service branch in Shenzhen. Dominic Ng, Chairman and CEO of East West Bancorp today officiated at the grand opening which was also attended by Los Angeles Mayor Eric Garcetti, and a trade delegation comprised of business executives and city officials from Los Angeles. Additionally, the grand opening was attended by Chinese business leaders, media and government officials, including Qiu Yuanping, Director of Overseas Chinese Affairs Office of the State Council and Chen Yingchun, Vice Mayor of the Shenzhen Municipal People’s Government. The newly opened East West Bank Shenzhen branch upgrades the previous representative office East West had in Shenzhen. East West Bank can now provide customers in Shenzhen with comprehensive U.S.-China cross-border commercial banking products and services. East West Bank has developed this portfolio of cross-border banking products and services to assist U.S. companies with investment and market entry opportunities in China, as well as mainland Chinese companies and investors interested in business expansion in the United States. “East West Bank is one of the great companies of Los Angeles and an example of what our city can offer China,” stated Mayor Eric Garcetti.
    [Show full text]
  • EAST WEST BANCORP ANNUAL REPORT 1 | East West Bancorp 2015 Annual Report 130+ United States
    EAST WEST BANCORP ANNUAL REPORT 1 | East West Bancorp 2015 Annual Report 130+ United States 120+ Las Vegas Houston LOCATIONS Seattle Dallas Across 60+ cities in 10 metropolitan areas San Diego New York Los Angeles Atlanta 90 Boston Branches in San Francisco CALIFORNIA 75,000+ Surcharge Free ATMS In addition to our branch ATM network, we also partner with Allpoint® and MoneyPass® to offer our customers access to a combined network of over 75,000 surcharge free ATMs. YEARS OF RANKED OPERATING IN THE TOP 15 AMERICA’S BEST HISTORY BANKS BY FORBES 42 FOR 6 CONSECUTIVE YEARS (2010-2015) East West Bancorp 2015 Annual Report | 2 LOCATIONS 130+ THROUGHOUT Greater China Shenzhen Shantou 5 Full-Service Guangzhou Xiamen BRANCHES Beijing Shanghai Shanghai FTZ Chongqing 5 Taipei Representative OFFICES Hong Kong LARGEST $ INDEPENDENT 2,800 32 BANK ASSOCIATES AND GROWING BILLION HEADQUARTERED IN IN ASSETS SOUTHERN CALIFORNIA 3 | East West Bancorp 2015 Annual Report A message from Dear shareholders, Relationship building has always been the foundation of East West Bank’s core values. Dominic Our beyond banking approach stems from our Chairman commitment to provide innovative solutions for and CEO our customers. Our unparalleled connections, Ng infrastructure, and deep understanding of finance and culture in both the United States and China allow us to tailor the creative solutions our customers need and to open opportunities across borders for them. In 2015, we facilitated notable U.S. and China film industry transactions, as well as helped our technology, clean energy and emerging market industry customers in both the U.S. and China.
    [Show full text]
  • East West Bancorp Annual Report 2021
    East West Bancorp Annual Report 2021 Form 10-K (NASDAQ:EWBC) Published: February 26th, 2021 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-24939 EAST WEST BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 95-4703316 (I.R.S. Employer Identification No.) 135 North Los Robles Ave., 7th Floor, Pasadena, California, 91101 (Address of principal executive offices) (Zip Code) (626) 768-6000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 Par Value EWBC Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act:N one Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Y es ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Mitsubishi Electric Teams up with East West Bank to Provide Solar Power to the Port of West Sacramento
    Mitsubishi Electric Teams Up with East West Bank to Provide Solar Power to The Port of West Sacramento CYPRESS, Calif., March 16, 2010 – Mitsubishi Electric announced today that it has teamed up with East West Bank to provide a 637kW DC solar PV system to The Port of West Sacramento. The system includes 3,536 Mitsubishi Electric photovoltaic modules covering 90,000 square feet on the rooftops of two rice warehouse buildings. The solar system was designed to meet all of the port’s electricity needs for the next 25 years and is expected to reduce the Port of West Sacrament’s energy costs by $20,000 annually. The construction loan and long term financing was provided by East West Bank. “This project fits in well with our bank's "Go Green" initiative" to promote the expansion of the clean tech industry in California", says K.Y. Cheng, Executive Vice President of East West Bank. The solar installation is just one step the port is taking to reduce its impact on the environment. The port is also improving the energy efficiency of its operations and plans to implement a “marine highway” container barge system in cooperation with the Port of Oakland and Port of Stockton to reduce harmful air emissions. “In addition to all of the other steps we’re taking to improve our environmental performance, this new solar installation clearly demonstrates that we’re serious about our intent to become one of the greenest ports in the country,” said Mike Luken, Port of West Sacramento manager. The project utilizes 100 percent lead-free solder solar modules from Mitsubishi Electric.
    [Show full text]
  • East West Bank (China) Limited
    华美银行（ 中国 ）有限公司 EAST WEST BANK (CHINA) LIMITED 2018年年度报告 FINANCIAL PERFORMANCE SUMMARY Total assets amounted to RMB11,636 million as of 2018‐12‐31, at an increase of RMB3,248 million, or 38.72% from 2017. Net Loans outstanding totaled RMB3,863 million as of 2018‐12‐31, at an increase of RMB1,709 million, or 79.39% from 2017. By the end of 2018, our loan provision ratio [1] was 2.50%, Loan provision coverage ratio [1] was infinitely great. Customer deposits totaled RMB8,229 million as of 2018‐12‐31, at an increase of RMB1,892 million, or 29.85% from 2017. Total revenues increased from RMB154,237.6 thousand in 2017 to RMB227,345.7 thousand in 2018 , or an increase of 47.40% from 2017. Total operating expenses increased from RMB108,526.5 thousand in 2017 to RMB169,519.4 thousand in 2018 , or an increase of 56.20% from 2017. Total business and administration expense increased RMB19.79 million in 2018, or an increase of 18.29% from 2017. Additional loan loss provision was booked at RMB40.54 million in 2018 while it was booked at RMB ‐0.62 million in 2017. Profit before tax increased from RMB45.9 million in 2017 to RMB58.03 million in 2018, or a increase of 26.4%; Net Profit of 2018 was RMB42.65 million, or a decrease of RMB4.85million from 2017. Capital Adequacy ratio was 22.09% , tier 1 capital ratio was 20.98%. Notes: [1]Loan provision ratio and loan provision coverage ratio are computed basedonCBIRC definition.
    [Show full text]
  • News Release
    East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6800 NEWS RELEASE INVESTOR RELATIONS CONTACTS: Irene Oh Julianna Balicka Chief Financial Officer Director of Strategy & Corporate Development T: (626) 768-6360 T: (626) 768-6985 E: [email protected] E: [email protected] EAST WEST BANCORP ANNOUNCES DATE FOR FIRST QUARTER 2020 FINANCIAL RESULTS Pasadena, California – April 16, 2020 – East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, will release first quarter 2020 financial results before the market opens on Thursday, April 23, 2020. Conference Call Information Management will discuss first quarter 2020 financial results with the public on Thursday, April 23, 2020 at 8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference call. The public and investment community are invited to listen as management discusses first quarter results and operating developments. Dial-In Numbers: Within the U.S. (877) 506-6399 Within Canada (855) 669-9657 International (412) 902-6699 Replay Numbers: Within the U.S. (877) 344-7529 Within Canada (855) 669-9658 International (412) 317-0088 Replay Access Code 10140713 Replay will be available from April 23, 2020 at 11:30 A.M. Pacific Time/ 2:30 P.M. Eastern Time until May 23, 2020. Information for the conference call and replay are provided on the Investor Relations page at www.eastwestbank.com/investors. About East West East West Bancorp, Inc. is a publicly owned company with total assets of $44.2 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC”.
    [Show full text]