East West Bancorp announced that they have fully paid back the preferred shares issued as part of TARP. The bank repurchased $306.5 million of preferred shares and made a final dividend payment of $1.8 million to the U.S. Treasury. They intend to repurchase the related warrant from the U.S. Treasury in the first quarter of 2011.
Read the press release here >>
Read the L.A. Times article here >>
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