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ORANGE COUNTY BRIEFLY

East West Bancorp Sells Branch in Irvine

May 23, 1999|(Dow Jones)

East West Bancorp Inc. in San Marino said it sold the Irvine branch of its East West Bank unit to People's Bank of California for $743,000. East West Bancorp said the branch had deposits of $17 million.

East West Bancorp, with $2 billion in assets as of March 31, operates 22 branches in four California counties. People's Bank of California, with $3.3 billion in assets as of March 31, operates 20 branches in three counties in Southern California.

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