Add-on Acquisition • Financial Services

East West Bank Acquires Desert Community Bank

On August 17, 2007, East West Bank acquired financial services company Desert Community Bank for 143M USD

Acquisition Context
  • This is East West Bank’s 1st transaction in the Financial Services sector.
  • This is East West Bank’s 2nd largest (disclosed) transaction.
  • This is East West Bank’s 2nd transaction in the United States.
  • This is East West Bank’s 2nd transaction in California.

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M&A Deal Summary

Date August 17, 2007
Target Desert Community Bank
Sector Financial Services
Buyer(s) East West Bank
Deal Type Add-on Acquisition
Deal Value 143M USD

Target Company

Desert Community Bank

Victorville, California, United States
Desert Community Bank, is a commercial bank.
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Buyer Overview 1

Buyer

East West Bank

Pasadena, California, United States

Category Company
Founded 1998
Sector Financial Services
Employees3,100
Revenue 2.6B USD (2024)
DESCRIPTION
East West's corporate headquarters in Pasadena, California.
East West's corporate headquarters in Pasadena, California.

East West Bank is a full-service commercial bank serving consumers and businesses throughout the US and in Greater China. East West Bank was founded in 1998 and is based in Pasadena, California.


Deal Context for Buyer #
Overall 2 of 4
Sector: Financial Services 1 of 2
Type: Add-on Acquisition 2 of 4
State: California 2 of 2
Country: United States 2 of 4
Year: 2007 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-31 East West Insurance Services

San Marino, California, United States

East West Insurance Services, Inc. is specializes in personal lines and commercial lines insurance solutions. East West Insurance Services was founded in 1982 and is based San Marino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 Metrocorp Bancshares

Houston, Texas, United States

Metrocorp Bancshares, Inc., is providing innovative products and services to area businesses and the culturally diverse communities of Texas. Also offers banking products and services that enhance the prosperity, security.

Buy $273M