M&A Deal Summary

East West Bank Acquires Metrocorp Bancshares

On January 17, 2014, East West Bank acquired financial services company Metrocorp Bancshares for 273M USD

Acquisition Highlights
  • This is East West Bank’s 2nd transaction in the Financial Services sector.
  • This is East West Bank’s largest (disclosed) transaction.
  • This is East West Bank’s 3rd transaction in the United States.
  • This is East West Bank’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-01-17
Target Metrocorp Bancshares
Sector Financial Services
Buyer(s) East West Bank
Deal Type Add-on Acquisition
Deal Value 273M USD

Target

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.

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Buyer(S) 1

Buyer

East West Bank

Pasadena, California, United States
Category Company
Founded 1998
Sector Financial Services
Employees3,200
Revenue 2.6B USD (2023)
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 STATS #
Overall 3 of 4
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Desert Community Bank

Victorville, California, United States

Desert Community Bank, is a commercial bank.

Buy $143M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 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.

Sell -
Mergr

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