East West Bancorp Fully Exits TARP by Repurchasing $306.5 Million in Preferred Stock from the U.S. Treasury
PASADENA, Calif.–(BUSINESS WIRE)–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
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