East West Bancorp reports net income for third quarter of 2014 of $88.8 million, up 21% from prior year and $0.62 per diluted share, up 17% from prior year

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and China, reported its financial results for the third quarter of 2014 today. For the third quarter of 2014, net income was $88.8 million or $0.62 per diluted share. The Company increased its third quarter net income by $15.6 million or 21% and earnings per diluted share by $0.09 or 17% from the prior year period. “We are pleased with the financial results for the third quarter of 2014,” stated Dominic Ng, Chairman and Chief Executive … Continue reading

Massachusetts SBA and the Boston Chapter of the National Association of Asian American Professionals formalize partnership to help local entrepreneurs

The U.S. Small Business Administration’s Massachusetts District Office signed a Strategic Alliance Memorandum (SAM) with the Boston Chapter of the National Association of Asian American Professionals (NAAAP). The strategic partnership between the two organizations was formalized at a special ceremony held at the Marriott hotel in Cambridge, Massachusetts on Saturday October 4, 2014. Continue reading

NEW BOSTON FUND, ACDC, SUFFOLK TOP OFF AT ONE GREENWAY

David Walker, VP of Construction at New Boston Fund (center, gray pants, arms in front), and Jim Kelleher (center, dark suit, no vest), Chief Investment Officer at New Boston Fund, join the construction crew of Suffolk for the topping off of One Greenway’s North Building on Oct. 7.
(Photo courtesy of Solomon McCown & Company, Inc.)

  Transit-oriented development will bring 363 new housing units to downtown Boston BOSTON – (October 7, 2014) – New Boston Fund, Inc., a private equity real estate investment, development and management firm; Asian Community Development Corporation (ACDC), a 27-year old non-profit organization serving the Asian American community of Greater Boston; and New Boston’s Urban Strategy America Fund, announced today the topping off of One Greenway, a 363-unit mixed-income development in Boston’s Chinatown neighborhood. To celebrate today’s topping off, New Boston Fund, ACDC and the project’s general contractor, Suffolk Construction, were joined by Sheila Dillon, Chief of Housing and Director of … Continue reading

Boston Mayor, MA Secretary of Labor and English Works recognize businesses that support English classes for immigrants

MA Secretary of Labor and Workforce Development Rachel Kaprielian and Boston Mayor Martin J. Walsh present English Works Certificate of Recognition and citation from Governor Deval Patrick to Kayem Foods CEO Ralph Smith (second from right) and his staff.

English for New Bostonians (ENB), and its English Works Campaign, held the event “Raising Our Voices: Recognizing ESOL Leadership in Business and the Community” to honor 20 businesses and labor management partnerships that have joined together with government and the non-profit sector to offer their immigrant workers the chance to learn English on Oct. 15. Continue reading