PASADENA, Calif.--(BUSINESS WIRE)--
East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC),
parent company of East West Bank, the financial bridge between the
United States and Greater China, appointed Molly Campbell, Deputy
Executive Director of the Port of Los Angeles, to its Board of
Directors. Ms. Campbell was also appointed to the Board of Directors of
East West Bank. The appointment is effective immediately.
“We are pleased that Molly Campbell has accepted this opportunity to
join the boards of East West Bancorp and East West Bank,” said Dominic
Ng, Chairman and Chief Executive Officer of East West. “Molly brings to
our Board a deep expertise and knowledge of global logistics and
financial management. The Port of Los Angeles is the largest and busiest
container port in the United States and an important trading partner for
Greater China. We believe that Molly will provide a valuable perspective
on cross-border business opportunities between the U.S. and Greater
China to our Board,” concluded Ng.
Ms. Campbell joined the Port of Los Angeles in 2000 and was appointed to
her current position in 2007. As a member of the executive team at the
Port of Los Angeles, she has overall responsibility for finance, fiscal
management, information technology, human resources, and facilities and
assets. Prior to her appointment as Deputy Executive Director, she held
the position of CFO of the Port of Los Angeles and also previously
served as Director of Public Finance for the City of Los Angeles. Ms.
Campbell is active in national and international port associations as
well as locally serving as a member of the Planning Commission of the
City of Long Beach.
About East West
East West Bancorp is a publicly owned company with $27.6 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 one of
the largest independent banks headquartered in California. East West is
a premier bank focused exclusively on the United States and Greater
China markets and operates over 130 locations worldwide, including in
the United States markets of California, Georgia, Nevada, New York,
Massachusetts, Texas and Washington. In Greater China, East West’s
presence includes a full service branch in Hong Kong and representative
offices in Beijing, Chongqing, Shenzhen, Taipei and Xiamen. Through a
wholly owned subsidiary bank, East West’s presence in Greater China also
includes full service branches in Shanghai and Shantou and a
representative office in Guangzhou. For more information on East West
Bancorp, visit the Company's website at www.eastwestbank.com.
Forward-Looking Statements
Certain matters set forth herein (including any exhibits hereto)
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including forward-looking
statements relating to the Company’s current business plans and
expectations regarding future operating results. Forward looking
statements may include, but are not limited to, 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. These
forward-looking statements are subject to risks and uncertainties that
could cause actual results, performance or achievements to differ
materially from those projected. These risks and uncertainties include,
but are not limited to, our ability to achieve the projected synergies
of the MetroCorp BancShares, Inc. acquisition; our ability to manage the
loan portfolios acquired from Federal Deposit Insurance Corporation
(FDIC)-assisted acquisitions within the limits of the loss protection
provided by the FDIC; changes in our borrowers’ performance on loans;
changes in the commercial and consumer real estate markets; changes in
our costs of operation, compliance and expansion; changes in the U.S.
economy, including inflation; changes in government interest rate
policies; changes in laws or the regulatory environment; changes in the
economy of and monetary policy in the People’s Republic of China;
changes in critical accounting policies and judgments; changes in
accounting policies or procedures as may be required by the Financial
Accounting Standards Board or other regulatory agencies; changes in the
equity and debt securities markets; changes in competitive pressures on
financial institutions; the effect of additional provision for loan
losses; the effect of government budget cuts and government shut down;
fluctuations of our stock price; the success and timing of our business
strategies; the impact of reputational risk created by these
developments on such matters as business generation and retention,
funding and liquidity; the impact of potential federal tax increases and
spending cuts; the impact of adverse judgments or settlements in
litigation against the Company; changes in our ability to receive
dividends from our subsidiaries; and political developments, wars or
other hostilities that may disrupt or increase volatility in securities
or otherwise affect economic conditions; and other factors set forth in
the Company’s public reports including its Annual Report on Form 10-K
for the year ended December 31, 2013, and particularly the discussion of
risk factors within that document.If any of these risks or
uncertainties materializes or if any of the assumptions underlying such
forward-looking statements proves to be incorrect, East West’s results
could differ materially from those expressed in, implied or projected by
such forward-looking statements.East West assumes no obligation
to update such forward-looking statements.
East West Bancorp, Inc.
Irene Oh
Chief Financial Officer
(626)
768-6360
Source: East West Bancorp, Inc.