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Press release from Business Wire

Tak-Chuen Clarence Kwan Appointed to Board of Directors of East West Bancorp and East West Bank

Monday, July 16, 2012

Tak-Chuen Clarence Kwan Appointed to Board of Directors of East West Bancorp and East West Bank17:15 EDT Monday, July 16, 2012 PASADENA, Calif. (Business Wire) -- East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, has appointed Tak-Chuen Clarence Kwan to its Board of Directors. Mr. Kwan was also appointed to the Board of Directors of East West Bank. Tak-Chuen Clarence Kwan (Photo: Business Wire) Mr. Kwan is a retired senior partner of the Chinese Services Group of Deloitte LLP. He joined Deloitte in 1978 where he held a number of leadership roles, including National Managing Partner of the Chinese Services Group of Deloitte U.S. and National Managing Partner and Deputy CEO of Deloitte China. Mr. Kwan has over 30 years of financial advisory and management experience. Since the mid-1980's, he has been advising U.S., Chinese, and other multinational companies on cross-border investment, including mergers and acquisitions, joint ventures and other direct foreign investments. He has also assisted large and high-growth Chinese enterprises, both state-owned and privately-held, to achieve sustainable success in the U.S. From 1995 to 2002, he grew Deloitte's Beijing office from 25 to over 500 professionals and expanded Deloitte China's national service capabilities to include management consulting and financial advisory services. As a recognized expert on U.S.-China cross-border investment, Mr. Kwan has been quoted in numerous publications, including Businessweek, Financial Times, Fortune, New York Times, Wall Street Journal, Washington Post and others. "We are pleased that Mr. Kwan has accepted this opportunity to join the East West family," said Dominic Ng, Chairman and Chief Executive Officer of East West. "Clarence brings to our Board a deep and diverse understanding of international business and has multi-industry experience, particularly in the U.S. and in China. We look forward to his guidance and influence as we expand our reach as the financial bridge between the East and the West," concluded Ng. About East West East West Bancorp is a publicly owned company with $21.7 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, New York, Georgia, Massachusetts, Texas and Washington. In Greater China, East West's presence includes a full service branch in Hong Kong and representative offices in Beijing, Shenzhen and Taipei. 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 StatementsCertain 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. 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, local, regional, national and international economic, political or industry conditions and events and the impact they may have on us and our customers; our ability to attract deposits and other sources of liquidity; continued deterioration in values of real estate in California and other states where our bank makes loans, both residential and commercial; our ability to manage the loan portfolios acquired from FDIC-assisted acquisitions within the limits of the loss protection provided by the FDIC; changes in the financial performance and/or condition of our borrowers; changes in the level of non-performing assets, reserve requirements, and charge-offs; the effect of changes in laws, regulations, and accounting standards, and related costs of these changes; inflation, interest rate, securities market and monetary fluctuations; changes in the competitive environment among financial and bank holding companies and other financial service providers; changes in our organization, management; the adequacy of our enterprise risk management framework; the ability to manage our growth and the effect of acquisitions we may make and the integration of acquired businesses and branching efforts; our success at managing the risks involved in the foregoing items 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, 2011, and particularly the discussion of risk factors within that document. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50342505&lang=en East West Bancorp, Inc.Irene OhChief Financial Officer(626) 768-6360orEmily WangMedia Relations(626) 768-6266