FDIC

PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, one of the nation's premier community banks, today reported financial results for the fourth quarter and full year 2009. "East West reported a return to profitability with net earnings for full year 2009 of $76.6 million. The return to profitability for 2009 follows a single loss year for 2008 - the only loss year for East West in nearly 30 years," stated Dominic Ng, Chairman and Chief Executive Officer of East West. "Previous to 2008, East West achieved record earnings every ...

PASADENA, Calif.--(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 ...

Cantor Fitzgerald initiates coverage on East West Bancorp (Nasdaq: EWBC) with a Buy. Price target $20.

Cantor analyst says, "We regard East West Bancorp's FDIC-assisted acquisition of similar-sized archrival United Commercial Bank (UCB) in November 2009 as the small-cap bank Deal-of-the-Year, compelling both strategically (creating a dominant bank ...

The FDIC has been looking for new ways to generate revenues for years, and it just may have found one. While bailing out damaged banks is good, what if they become profitable again upon sale? Well, the FDIC is now asking bidders for some of the seized banks to allow them to profit if the turn around works out for ...

eOn Communications Corporation((TM)) (Nasdaq: EONC) 118.8% HIGHER; reports Q4 EPS of $0.04, compared to a loss of $0.12 in the same quarter last year. Revenue for the quarter was $5.089 million, versus $1.60 million in Q408. Volume is extremely heavy.

East West Bancorp, Inc. (NASDAQ: EWBC) 52.4% HIGHER; announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank in a FDIC assisted transaction. Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion in liabilities, including $6.5 billion in deposits of UCB ...