west bancorp inc

Unusual 11 Mid-Day Movers 11/09: EONC, EWBC, REV, PRST Higher; G...

StreetInsider.com News Articles  Mon, 11/09/2009 - 12:08

eOn Communications Corporation((TM)) (Nasdaq: EONC) 118.8% HIGHER; reports Q4 EPS of $0.04, compared to a loss of $0.12 in the same quarter last year.

Revenue for the quarter was $5.089 million, versus $1.60 million in Q408. Volume is extremely heavy. East West Bancorp, Inc.

(NASDAQ: EWBC) 52.4% HIGHER; announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank in a FDIC assisted transaction.


 

Morning Movers 11/09: EWBC, CVM, REV, CGEN, RSH Higher; CHDX, SR...

StreetInsider.com News Articles  Mon, 11/09/2009 - 09:47

East West Bancorp, Inc. (NASDAQ: EWBC) 49.1% HIGHER; announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank in a FDIC assisted transaction.

Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion in liabilities, including $6.5 billion in deposits of UCB.

The FDIC and East West have entered into a loss sharing agreement covering substantially all acquired loans.

The stock was also upgraded to Hold at Sandler O'Neill.