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
March
17, 2006
Date
of
Report (date of earliest event reported)
EAST
WEST BANCORP, INC.
(Exact
name of registrant as specified in its charter)
Commission
file number 000-24939
Delaware
|
95-4703316
|
(State
or Other Jurisdiction of Incorporation or Organization)
|
(IRS
Employer Identification Number)
|
135
N. Los Robles Ave., 7th Floor, Pasadena, California
91101
(Address
of principal executive offices including zip code)
(626)
768-6000
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
East
West Bancorp, Inc.
Current
Report of Form 8-K
Item
2.01. Completion of Acquisition of Assets.
On
March
17, 2006, East West Bancorp, Inc. announced via press release the
completion of
the acquisition of Standard Bank, a $923 million asset federal
savings bank headquartered in Monterey Park, California. The final
consideration paid in the acquisition was $200.3 million, consisting
of
approximately $70.1 million in cash and 3,547,000 shares of East
West Bancorp
common stock. Standard Bank merged with East West Bank as of the
close of business March 17th.
Item
3.02. Unregistered Sales of Equity Securities.
As
described above in Item 2.01, on March 17, 2006, in addition
to the cash
consideration of $70.1 million, we issued approximately 3,547,000
shares of our
common stock at a price of $36.70 per share as consideration
for the
acquisition of Standard Bank.
Item
9.01. Financial Statements and Exhibits.
(a)
Not
Applicable
(b)
Not
Applicable
(c)
Exhibits
99.1 Exhibit
99.1
Press
Release, dated March 17, 2006, issued by East West Bancorp,
Inc.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned
hereunto
duly authorized.
Date:
March 17, 2006