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Exhibit 12.1

East West Bancorp, Inc.
Computation of Ratio of Earnings to Fixed Charges

			For the Nine Months Ended September 30, 2008			Year Ending December 31,(1)
						2007		2006		2005		2004		2003
			(Dollars in Thousands)
(Loss) Income before tax			$	(85,960	)	$	262,259	$	233,781	$	170,361	$	121,333	$	89,660
Fixed Charges
		Interest expense		100,095			124,578		92,303		37,698		15,001		5,286
		Estimate of interest within rental expense		2,679			3,545		3,022		2,298		1,418		1,259
		Preferred dividends		4,089			—		—		—		—		—
	Fixed charges and preferred dividend, excluding interest on deposits		$	106,863		$	128,123	$	95,325	$	39,996	$	16,419	$	6,545
	Interest on deposits			136,546			241,035		200,265		93,586		37,896		29,946
	Fixed charges and preferred dividend, including interest on deposits		$	243,409		$	369,158	$	295,590	$	133,582	$	54,315	$	36,491
Total earnings, fixed charges and preferred dividends, excluding interest on deposits			$	20,903		$	390,382	$	329,106	$	210,357	$	137,752	$	96,205
Total earnings, fixed charges and preferred dividends, including interest on deposits			$	157,449		$	631,417	$	529,371	$	303,943	$	175,648	$	126,151
Ratio of Earnings to Fixed Charges and Preferred Dividends
	Excluding interest on deposits			—	(2)		3.05		3.45		5.26		8.39		14.70
	Including interest on deposits			—	(3)		1.71		1.79		2.28		3.23		3.46

(1)

As of December 31, 2007, we had no shares of preferred stock outstanding and did not pay any dividends on preferred stock in any of the periods presented.

(2)

Earnings were inadequate to cover fixed charges and preferred dividends by $86.0 million for the nine-month period ended September 30, 2008.

(3)

Earnings were inadequate to cover fixed charges and preferred dividends and interest on deposits by $86.0 million for the nine-month period ended September 30, 2008.

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Exhibit 12.1