-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EDQxPoQdsi6u/xBUcZYiQqzA7srmwhojNFhElchjac0EckA2SNLYbaJbER+brpIu pr57ZR4HhRjo16jVVs/3jg== 0001193125-09-151141.txt : 20090720 0001193125-09-151141.hdr.sgml : 20090719 20090720063927 ACCESSION NUMBER: 0001193125-09-151141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090720 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090720 DATE AS OF CHANGE: 20090720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAST WEST BANCORP INC CENTRAL INDEX KEY: 0001069157 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 954703316 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24939 FILM NUMBER: 09952173 BUSINESS ADDRESS: STREET 1: 135 N. LOS ROBLES AVE. 7TH FLOOR CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: 6267686000 MAIL ADDRESS: STREET 1: EAST WEST BANCORP INC STREET 2: 135 N. LOS ROBLES AVE. 7TH FLOOR CITY: PASADENA STATE: CA ZIP: 91101 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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): July 20, 2009

 

 

East West Bancorp, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   95-4703316

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification number)

Commission file number: 000-24939

135 N. Los Robles Ave., 7th Floor, Pasadena, California 91101

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (626) 768-6000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))

 

 

 


Item 8.01 Other Events.

On July 20, 2009, East West Bancorp, Inc. issued a press release announcing the commencement of a public offering of its common stock. A copy of the press release is filed herewith and is incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

(c) Not Applicable.

(d) Exhibits.

 

  99.1 Exhibit 99.1 Press Release, dated July 20, 2009, issued by East West Bancorp, Inc. announcing commencement of a public offering of common stock.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

    EAST WEST BANCORP, INC.
Dated: July 20, 2009     By:  

/s/    Thomas J. Tolda

    Name:   Thomas J. Tolda
    Title:   Executive Vice President and Chief Financial Officer


EXHIBIT INDEX

 

Exhibit

Number

 

Description

99.1   Exhibit 99.1 Press Release, dated July 20, 2009, issued by East West Bancorp, Inc. announcing commencement of a public offering of common stock.
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

FOR FURTHER INFORMATION AT THE COMPANY:

Tom Tolda

Chief Financial Officer

626-768-6788

EAST WEST BANCORP COMMENCES PUBLIC OFFERING OF

11 MILLION SHARES OF COMMON STOCK

Pasadena, California — July 20, 2009 — East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, today announced that it has commenced a public offering of 11 million shares of its common stock, par value $0.001. The offering also includes an option for the underwriter to purchase an additional 1,650,000 shares.

The public offering completes a comprehensive capital-raising plan that to-date has raised $168.9 million of tangible common equity through exchanges of Series A preferred shares into common shares, private sales of common stock, and the desecuritization of private label MBS securitizations.

“With our recent actions that have increased tangible common equity by $168.9 million and this offering, we believe we have the capital to weather an even more severe economic environment than we currently expect,” stated Dominic Ng, Chairman, President and Chief Executive Officer of East West. “And this additional capital will provide us with flexibility to pursue new growth opportunities or keep up an aggressive pace in resolving problem assets, should economic conditions get worse,” concluded Ng.

Barclays Capital Inc. is acting as the sole underwriter of the public offering. A preliminary prospectus supplement relating to the offering has been filed with the SEC. Copies of the preliminary prospectus supplement, and the accompanying prospectus for the offering, may be obtained from Barclays by telephone at (888) 603-5847, or by mail c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at barclaysprospectus@broadridge.com.

About East West

East West Bancorp is a publicly owned company with $12.7 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 second largest independent commercial bank headquartered in Southern California with 71 branch locations. East West Bank serves the community with 69 branch locations across Southern and Northern California and a branch location in Houston, Texas. East West Bank has three international locations in Greater China, including a full-service branch in Hong Kong and representative offices in Beijing and Shanghai.


Forward-Looking Statements

This press release contains statements that the company believes are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to those described in our most recent Annual Report on Form 10-K, as updated by our subsequently filed Quarterly Report on Form 10-Q and our Current Reports on Form 8-K. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (i) changes in our borrowers’ performance on loans; (ii) changes in the commercial and consumer real estate markets; (iii) changes in our costs of operation, compliance and expansion; (iv) changes in the economy, including inflation; (v) changes in government interest rate policies; (vi) changes in laws or the regulatory environment; (vii) changes in critical accounting policies and judgments; (viii) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (ix) changes in the equity and debt securities markets; (x) changes in competitive pressures on financial institutions; (xi) effect of additional provision for loan losses; (xii) effect of any goodwill impairment; (xiii) fluctuations of our stock price; (xiv) success and timing of our business strategies; (xv) impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity; (xvi) changes in our ability to receive dividends from our subsidiaries; and (xvii) political developments, wars or other hostilities that may disrupt or increase volatility in securities or otherwise affect economic conditions.

You should refer to our periodic and current reports filed with the SEC for further information on other factors which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Except as required by law, East West does not undertake to update any such forward-looking statements.

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