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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2012
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

27.                               SUBSEQUENT EVENTS

 

On January 23, 2013, the East West Board of Directors declared first quarter 2013 dividends on the Company’s common stock and Series A preferred stock. The common stock dividend of $0.15 per share is payable on or about February 22, 2013 to shareholders of record on February 8, 2013. The dividend on the Series A preferred stock of $20 per share is payable on February 1, 2013 to shareholders on record on January 15, 2013. Additionally, the Board also authorized a new stock repurchase program to buy back up to $200.0 million of the Company’s common stock. Subsequent to the authorization from the Board through the filing of this 10-K, the Company has repurchased approximately $56.8 million worth of common stock. We have evaluated events and transactions occurring through the date of filing this report on Form 10-K. Such evaluation resulted in no adjustments to the accompanying financial statements.