Goldman Sachs, Morgan: Premarket Trading
East West Bancorp (EWBC) said Wednesday it has repaid $306.5 million of preferred stock issued to the U.S. Treasury, completing its exit from the TARP Capital Purchase Program. The bank holding company said it used available cash to clear its bailout tab, and make a final $1.8 million dividend payment. Shares of the company are rising 2.2%, or 43 cents, to $20 in premarket trading.
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