----

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| þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-----------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| Delaware                        | 95-4703316          |
|---------------------------------|---------------------|
| (State or other jurisdiction of | (I.R.S. Employer    |
| incorporation or organization)  | Identification No.) |

| Large accelerated filer þ | Accelerated filer  ̈ | Non-accelerated filer  ̈ | Smaller reporting company  ̈ |
|--------------------------------|--------------------------|------------------------------|----------------------------------|

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| PART I - FINANCIAL INFORMATION  | 5        |
|--------------------------------------|----------|
|                                 | Item 1.  | Condensed Consolidated Financial Statements (Unaudited) | 5-8  |
|                                 |     | Notes to Condensed Consolidated Financial Statements (Unaudited) | 9-36  |
|                                 | Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations  | 37-70  |
|                                 | Item 3.  | Quantitative and Qualitative Disclosures About Market Risks | 70  |
|                                 | Item 4.  | Controls and Procedures | 70-71  |
| PART II - OTHER INFORMATION          | 72  |
|                                 | Item 1.  | Legal Proceedings | 72  |
|                                 | Item 1A. | Risk Factors | 72  |
|                                 | Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds | 73  |
|                                 | Item 3.  | Defaults Upon Senior Securities | 73  |
|                                 | Item 4.  | Submission of Matters to a Vote of Security Holders | 73  |
|                                 | Item 5.  | Other Information | 73  |
|                                 | Item 6.  | Exhibits | 73  |
| SIGNATURE                            | 74  |

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| ·   | our ability to integrate the former United Commercial Bank (“UCB”) operations and to achieve expected synergies, operating efficiencies or other benefits within expected time frames, or at all, or within expected cost projections; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our ability to integrate and retain former depositors and borrowers of United Commercial Bank; |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | our ability to manage the loan portfolio acquired from United Commercial Bank within the limits of the loss protection provided by the Federal Deposit Insurance Corporation (“FDIC”); |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes in our borrowers’ performance on loans; |
|--------------------|-------------------------------------------------------|

| ·   | changes in the commercial and consumer real estate markets; |
|--------------------|-------------------------------------------------------------|

| ·   | changes in our costs of operation, compliance and expansion; |
|--------------------|--------------------------------------------------------------|

| ·   | changes in the economy, including inflation; |
|--------------------|----------------------------------------------|

| ·   | changes in government interest rate policies; |
|--------------------|-----------------------------------------------|

| ·   | changes in laws or the regulatory environment; |
|--------------------|------------------------------------------------|

| ·   | changes in critical accounting policies and judgments; |
|--------------------|--------------------------------------------------------|

| ·   | changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes in the equity and debt securities markets; |
|--------------------|----------------------------------------------------|

| ·   | changes in competitive pressures on financial institutions; |
|--------------------|-------------------------------------------------------------|

| ·   | effect of additional provision for loan losses; |
|--------------------|-------------------------------------------------|

| ·   | effect of any goodwill impairment; |
|--------------------|------------------------------------|

| ·   | fluctuations of our stock price; |
|--------------------|----------------------------------|

| ·   | success and timing of our business strategies; |
|--------------------|------------------------------------------------|

| ·   | impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes in our ability to receive dividends from our subsidiaries; and |
|--------------------|------------------------------------------------------------------------|

| ·   | political developments, wars or other hostilities may disrupt or increase volatility in securities or otherwise affect economic conditions. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                            |   | March 31, |       |   | December 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|------------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                            |   | 2010      |       |   | 2009         |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                       |   | $         | 1,180,735  |   |         | $      | 835,141 |   |
| Short-term investments                                                                                                                                                                                                                                                                                                                                                          |   |      | 457,184    |   |         |   | 510,788 |   |
| Securities purchased under resale agreements                                                                                                                                                                                                                                                                                                                                    |   |      | 380,000    |   |         |   | 227,444 |   |
| Investment securities available for sale, at fair value (with amortized cost of $2,187,882 at  March 31, 2010 and $2,563,043 at December 31, 2009)                                                                                                                                                                                                                    |   |      | 2,191,527  |   |         |   | 2,564,081 |   |
| Loans held for sale, at fair value                                                                                                                                                                                                                                                                                                                                              |   |      | 17,540     |   |         |   | 28,014 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| Loans receivable, excluding covered loans (net of allowance for loan losses of $250,517 at  March 31, 2010 and $238,833 at December 31, 2009)                                                                                                                                                                                                                         |   |      | 8,233,268  |   |         |   | 8,218,671 |   |
| Covered loans                                                                                                                                                                                                                                                                                                                                                                   |   |      | 5,220,721  |   |         |   | 5,598,155 |   |
| Total loans receivable, net                                                                                                                                                                                                                                                                                                                                                     |   |      | 13,453,989 |   |         |   | 13,816,826 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| FDIC indemnification asset                                                                                                                                                                                                                                                                                                                                                      |   |      | 980,950    |   |         |   | 1,091,814 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| Other real estate owned, net                                                                                                                                                                                                                                                                                                                                                    |   |      | 6,907      |   |         |   | 13,832 |   |
| Other real estate owned covered, net                                                                                                                                                                                                                                                                                                                                            |   |      | 78,354     |   |         |   | 44,273 |   |
| Total other real estate owned                                                                                                                                                                                                                                                                                                                                                   |   |      | 85,261     |   |         |   | 58,105 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| Accrued interest receivable                                                                                                                                                                                                                                                                                                                                                     |   |      | 78,659     |   |         |   | 82,370 |   |
| Due from customer acceptances                                                                                                                                                                                                                                                                                                                                                   |   |      | 51,411     |   |         |   | 40,550 |   |
| Investment in affordable housing partnerships                                                                                                                                                                                                                                                                                                                                   |   |      | 101,837    |   |         |   | 84,833 |   |
| Premises and equipment                                                                                                                                                                                                                                                                                                                                                          |   |      | 135,168    |   |         |   | 59,099 |   |
| Premiums on deposits acquired, net                                                                                                                                                                                                                                                                                                                                              |   |      | 86,351     |   |         |   | 89,735 |   |
| Goodwill                                                                                                                                                                                                                                                                                                                                                                        |   |      | 337,438    |   |         |   | 337,438 |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                    |   |      | 761,126    |   |         |   | 732,974 |   |
| TOTAL                                                                                                                                                                                                                                                                                                                                                                           |   | $         | 20,299,176 |   |         | $      | 20,559,212 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| Customer deposit accounts:                                                                                                                                                                                                                                                                                                                                                      |   |      |       |   |         |   |   |   |
| Noninterest-bearing                                                                                                                                                                                                                                                                                                                                                             |   | $         | 2,289,933  |   |         | $      | 2,291,259 |   |
| Interest-bearing                                                                                                                                                                                                                                                                                                                                                                |   |      | 12,316,769 |   |         |   | 12,696,354 |   |
| Total deposits                                                                                                                                                                                                                                                                                                                                                                  |   |      | 14,606,702 |   |         |   | 14,987,613 |   |
| Federal Home Loan Bank advances                                                                                                                                                                                                                                                                                                                                                 |   |      | 1,769,452  |   |         |   | 1,805,387 |   |
| Securities sold under repurchase agreements                                                                                                                                                                                                                                                                                                                                     |   |      | 1,032,511  |   |         |   | 1,026,870 |   |
| Notes payable and other borrowings                                                                                                                                                                                                                                                                                                                                              |   |      | 65,262     |   |         |   | 74,406 |   |
| Bank acceptances outstanding                                                                                                                                                                                                                                                                                                                                                    |   |      | 51,411     |   |         |   | 40,550 |   |
| Long-term debt                                                                                                                                                                                                                                                                                                                                                                  |   |      | 235,570    |   |         |   | 235,570 |   |
| Accrued interest payable, accrued expenses and other liabilities                                                                                                                                                                                                                                                                                                                |   |      | 232,479    |   |         |   | 104,157 |   |
| Total liabilities                                                                                                                                                                                                                                                                                                                                                               |   |      | 17,993,387 |   |         |   | 18,274,553 |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| COMMITMENTS AND CONTINGENCIES (Note 9)                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                            |   |      |       |   |         |   |   |   |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; Series A, non-cumulative  convertible, 200,000 shares issued and 85,741 shares outstanding in 2010 and  2009;  Series B, cumulative, 306,546 shares issued and outstanding in 2010 and 2009; Series C,  cumulative convertible, 335,047 issued and outstanding in 2009. |   |      | 369,095    |   |         |   | 693,803 |   |
| Common stock, $0.001 par value, 200,000,000 shares authorized; 154,811,496 and 116,754,403  shares issued in 2010 and 2009, respectively; 147,907,806 and 109,962,965 shares  outstanding in 2010 and 2009, respectively.                                                                                                                                   |   |      | 155        |   |         |   | 117 |   |
| Additional paid in capital                                                                                                                                                                                                                                                                                                                                                      |   |      | 1,418,648  |   |         |   | 1,091,047 |   |
| Retained earnings                                                                                                                                                                                                                                                                                                                                                               |   |      | 621,896    |   |         |   | 604,223 |   |
| Treasury stock, at cost - 6,903,690 shares in 2010 and 6,791,438 shares in 2009                                                                                                                                                                                                                                                                                                 |   |      | (106,088   | )      |         |   | (105,130 | ) |
| Accumulated other comprehensive income, net of tax                                                                                                                                                                                                                                                                                                                              |   |      | 2,083      |   |         |   | 599 |   |
| Total stockholders' equity                                                                                                                                                                                                                                                                                                                                                      |   |      | 2,305,789  |   |         |   | 2,284,659 |   |
| TOTAL                                                                                                                                                                                                                                                                                                                                                                           |   | $         | 20,299,176 |   |         | $      | 20,559,212 |   |

----

|                                                                              |   | Three Months Ended March 31, |    |
|-----------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                              |   | 2010                         |    |   | 2009 |   |
| INTEREST AND DIVIDEND INCOME                                                      |   |                         |    |   |   |   |
| Loans receivable, including fees                                                  |   | $                            | 287,944 |   |   | $ | 110,816 |   |
| Investment securities                                                             |   |                         | 20,176  |   |   |   | 29,375 |   |
| Securities purchased under resale agreements                                      |   |                         | 6,263   |   |   |   | 1,250 |   |
| Short-term investments                                                            |   |                         | 3,541   |   |   |   | 2,976 |   |
| Investment in Federal Reserve Bank stock                                          |   |                         | 657     |   |   |   | 506 |   |
| Investment in Federal Home Loan Bank stock                                        |   |                         | 122     |   |   |   | - |   |
| Total interest and dividend income                                                |   |                         | 318,703 |   |   |   | 144,923 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| INTEREST EXPENSE                                                                  |   |                         |    |   |   |   |   |   |
| Customer deposit accounts                                                         |   |                         | 33,448  |   |   |   | 37,073 |   |
| Securities sold under repurchase agreements                                       |   |                         | 12,541  |   |   |   | 11,872 |   |
| Federal Home Loan Bank advances                                                   |   |                         | 9,005   |   |   |   | 13,877 |   |
| Long-term debt                                                                    |   |                         | 1,547   |   |   |   | 2,417 |   |
| Other borrowings                                                                  |   |                         | 438     |   |   |   | 3 |   |
| Total interest expense                                                            |   |                         | 56,979  |   |   |   | 65,242 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| Net interest income before provision for loan losses                              |   |                         | 261,724 |   |   |   | 79,681 |   |
| Provision for loan losses                                                         |   |                         | 76,421  |   |   |   | 78,000 |   |
| Net interest income after provision for loan losses                               |   |                         | 185,303 |   |   |   | 1,681 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| NONINTEREST (LOSS) INCOME                                                         |   |                         |    |   |   |   |   |   |
| Decrease in FDIC indemnification asset and receivable                             |   |                         | (43,572 | ) |   |   | - |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| Impairment loss on investment securities                                          |   |                         | (4,799  | ) |   |   | (13,380 | ) |
| Less: non-credit related impairment loss recorded in other comprehensive income   |   |                         | -       |   |   |   | 13,180 |   |
| Net impairment loss on investment securities recognized in earnings               |   |                         | (4,799  | ) |   |   | (200 | ) |
|                                                                              |   |                         |    |   |   |   |   |   |
| Net gain on sale of investment securities                                         |   |                         | 16,111  |   |   |   | 3,521 |   |
| Branch fees                                                                       |   |                         | 8,758   |   |   |   | 4,793 |   |
| Gain on acquisition of United Commercial Bank                                |   |                         | 8,095   |   |   |   | - |   |
| Letters of credit fees and commissions                                            |   |                         | 2,740   |   |   |   | 1,854 |   |
| Ancillary loan fees                                                               |   |                         | 1,689   |   |   |   | 2,229 |   |
| Income from life insurance policies                                               |   |                         | 1,105   |   |   |   | 1,083 |   |
| Net gain on sale of loans                                                         |   |                         | -       |   |   |   | 8 |   |
| Other operating income                                                            |   |                         | 1,422   |   |   |   | 506 |   |
| Total noninterest (loss) income                                                   |   |                         | (8,451  | ) |   |   | 13,794 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| NONINTEREST EXPENSE                                                               |   |                         |    |   |   |   |   |   |
| Compensation and employee benefits                                                |   |                         | 50,779  |   |   |   | 17,108 |   |
| Other real estate owned expense                                                   |   |                         | 18,012  |   |   |   | 7,031 |   |
| Occupancy and equipment expense                                                   |   |                         | 11,944  |   |   |   | 7,391 |   |
| Deposit insurance premiums and regulatory assessments                             |   |                         | 11,581  |   |   |   | 3,325 |   |
| Prepayment penalty for FHLB advances                                              |   |                         | 9,932   |   |   |   | - |   |
| Amortization of premiums on deposits acquired                                     |   |                         | 3,384   |   |   |   | 1,125 |   |
| Amortization of investments in affordable housing partnerships                    |   |                         | 3,037   |   |   |   | 1,760 |   |
| Loan related expenses                                                             |   |                         | 2,997   |   |   |   | 1,435 |   |
| Legal expense                                                                     |   |                         | 2,907   |   |   |   | 1,778 |   |
| Data processing                                                                   |   |                         | 2,482   |   |   |   | 1,142 |   |
| Consulting expense                                                                |   |                         | 2,141   |   |   |   | 448 |   |
| Deposit-related expenses                                                          |   |                         | 1,009   |   |   |   | 901 |   |
| Other operating expenses                                                          |   |                         | 18,705  |   |   |   | 7,962 |   |
| Total noninterest expense                                                         |   |                         | 138,910 |   |   |   | 51,406 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES                         |   |                         | 37,942  |   |   |   | (35,931 | ) |
| PROVISION (BENEFIT) FOR INCOME TAXES                                              |   |                         | 13,026  |   |   |   | (13,465 | ) |
| NET INCOME (LOSS)                                                                 |   |                         | 24,916  |   |   |   | (22,466 | ) |
| PREFERRED STOCK DIVIDENDS AND AMORTIZATION OF  PREFERRED STOCK DISCOUNT |   |                         | 6,138   |   |   |   | 8,743 |   |
| NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS                                |   | $                            | 18,778  |   |   | $ | (31,209 | ) |
|                                                                              |   |                         |    |   |   |   |   |   |
| EARNINGS (LOSS) PER SHARE AVAILABLE TO COMMON STOCKHOLDERS                        |   |                         |    |   |   |
| BASIC                                                                             |   | $                            | 0.17    |   |   | $ | (0.50 | ) |
| DILUTED                                                                           |   | $                            | 0.13    |   |   | $ | (0.50 | ) |
| DIVIDENDS DECLARED PER COMMON SHARE                                               |   | $                            | 0.01    |   |   | $ | 0.02 |   |
|                                                                              |   |                         |    |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING                                     |   |                         |    |   |   |   |   |   |
| BASIC                                                                             |   |                         | 109,961 |   |   |   | 62,998 |   |
| DILUTED                                                                           |   |                         | 146,865 |   |   |   | 62,998 |   |

----

|                                                                                                                                                                                             |   |      |   |   | Additional |   |     |   |   |   |       |   |   |     |      |   |     |   |    | Accumulated   |   |   |          |   |   |          |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|------------|--------|----------|--------|--------|--------|------------|--------|--------|----------|-----------|--------|----------|--------|---------|---------------|--------|--------|---------------|--------|--------|---------------|---------|
|                                                                                                                                                                                             |   |      |   |   | Paid In    |   |     |   |   |   |       |   |   |     |      |   |     |   |    | Other         |   |   |          |   |   |          |    |
|                                                                                                                                                                                             |   |      |   |   | Capital    |   |     |   |   |   | Additional |   |   |     |      |   |     |   |    | Comprehensive |   |   |          |   |   | Total         |    |
|                                                                                                                                                                                             |   | Preferred |   |   | Preferred  |   |     | Common |   |   | Paid In    |   |   | Retained |      |   | Treasury |   |    | Loss,         |   |   | Comprehensive |   |   | Stockholders' |    |
|                                                                                                                                                                                             |   | Stock     |   |   | Stock      |   |     | Stock  |   |   | Capital    |   |   | Earnings |      |   | Stock    |   |    | Net of Tax    |   |   | Income (Loss) |   |   | Equity        |    |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |
| BALANCE, DECEMBER 31, 2008                                                                                                                                                                       |   | $         | -      |   |       | $      | 472,311  |   |   | $      | 70         |   |   | $        | 695,521   |   |     | $      | 572,172 |          |   | $      | (102,817      | )      |   | $             | (86,491 | ) |   |   |   |   | $ | 1,550,766 |   |
| Cumulative effect adjustment for  reclassification of  the previously recognized  noncredit-related impairment loss  on  investment securities |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | 8,110   |          |   |   |          |   |   |          | (8,110  | ) |   |   |   |   |   | - |   |
| BALANCE, JANUARY 1, 2009                                                                                                                                                                         |   |      | -      |   |       |   | 472,311  |   |   |   | 70         |   |   |     | 695,521   |   |     |   | 580,282 |          |   |   | (102,817      | )      |   |          | (94,601 | ) |   |   |   |   |   | 1,550,766 |   |
| Comprehensive loss                                                                                                                                                                               |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                                                                         |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | (22,466 | )             |   |   |          |   |   |          |    |   |   | $ | (22,466 | ) |   |   | (22,466 | ) |
| Net unrealized gain on investment securities  available-for-sale                                                                                                                       |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          | 22,175  |   |   |   | 22,175 |   |   |   | 22,175 |   |
| Noncredit-related impairment loss on  investment securities recorded in the  current year                                                                                    |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          | (7,644  | ) |   |   | (7,644 | ) |   |   | (7,644 | ) |
| Total comprehensive loss                                                                                                                                                                         |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   | $ | (7,935 | ) |   |   |   |   |
| Stock compensation costs                                                                                                                                                                         |   |      |   |   |       |   |     |   |   |   |       |   |   |     | 1,428     |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | 1,428 |   |
| Tax benefit from stock plans                                                                                                                                                                     |   |      |   |   |       |   |     |   |   |   |       |   |   |     | (403      | )      |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (403 | ) |
| Preferred stock issuance cost                                                                                                                                                                    |   |      |   |   |       |   | (41      | )      |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (41 | ) |
| Issuance of 290,296 shares pursuant to various  stock plans and agreements                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     | 15        |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | 15 |   |
| Cancellation of 24,134 shares due to forfeitures  of issued restricted stock                                                                                                           |   |      |   |   |       |   |     |   |   |   |       |   |   |     | 577       |   |     |   |    |          |   |   | (577          | )      |   |          |    |   |   |   |   |   |   |   | - |   |
| Purchase of 8,882 shares of treasury stock due  to the vesting of restricted stock                                                                                                     |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   | (35           | )      |   |          |    |   |   |   |   |   |   |   | (35 | ) |
| Amortization of Series B preferred stock discount                                                                                                                                                |   |      |   | 1,070  |       |   |     |   |   |   |       |   |   |     |      | (1,070 | )        |   |    |          |   |   |          |   |   |          |    |   |   |   |   | - |   |
| Preferred stock dividends                                                                                                                                                                        |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | (7,673  | )             |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (7,673 | ) |
| Common stock dividends                                                                                                                                                                           |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | (929    | )             |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (929 | ) |
| BALANCE, MARCH 31, 2009                                                                                                                                                                          |   | $         | -      |   |       | $      | 473,340  |   |   | $      | 70         |   |   | $        | 697,138   |   |     | $      | 548,144 |          |   | $      | (103,429      | )      |   | $             | (80,070 | ) |   |   |   |   |   | $ | 1,535,193 |   |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   |   |   |
| BALANCE, JANUARY 1, 2010                                                                                                                                                                         |   | $         | -      |   |       | $      | 693,803  |   |   | $      | 117        |   |   | $        | 1,091,047 |   |     | $      | 604,223 |          |   | $      | (105,130      | )      |   | $             | 599     |   |   |   |   |   |   | $ | 2,284,659 |   |
| Comprehensive income                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   |   |   |
| Net income                                                                                                                                                                                       |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | 24,916  |          |   |   |          |   |   |          |    |   |   | $ | 24,916 |   |   |   | 24,916 |   |
| Net unrealized gain on investment securities  available-for-sale                                                                                                                       |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          | 1,484   |   |   |   | 1,484 |   |   |   | 1,484 |   |
| Noncredit-related impairment loss on  investment securities recorded in the  current year                                                                                    |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          | -       |   |   |   | - |   |   |   | - |   |
| Total comprehensive income                                                                                                                                                                       |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   | $ | 26,400 |   |   |   |   |   |
| Stock compensation costs                                                                                                                                                                         |   |      |   |   |       |   |     |   |   |   |       |   |   |     | 1,565     |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | 1,565 |   |
| Tax benefit from stock plans                                                                                                                                                                     |   |      |   |   |       |   |     |   |   |   |       |   |   |     | (341      | )      |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (341 | ) |
| Issuance of 953,359 shares pursuant to various  stock plans and agreements                                                                                                             |   |      |   |   |       |   |     |   |   |   | 1          |   |   |     | 576       |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | 577 |   |
| Conversion of 335,047 shares of Series C  Preferred Stock into 37,103,734 shares of  common stock                                                                            |   |      |   |   |       |   | (325,299 | )      |   |   | 37         |   |   |     | 325,262   |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   | - |   |
| Cancellation of 89,795 shares due to forfeitures  of issued restricted stock                                                                                                           |   |      |   |   |       |   |     |   |   |   |       |   |   |     | 539       |   |     |   |    |          |   |   | (539          | )      |   |          |    |   |   |   |   |   |   |   | - |   |
| Purchase of 22,457 shares of treasury stock due  to the vesting of restricted stock                                                                                                    |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   | (419          | )      |   |          |    |   |   |   |   |   |   |   | (419 | ) |
| Amortization of Series B preferred stock discount                                                                                                                                                |   |      |   | 591    |       |   |     |   |   |   |       |   |   |     |      | (591   | )        |   |    |          |   |   |          |   |   |          |    |   |   |   |   | - |   |
| Preferred stock dividends                                                                                                                                                                        |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | (5,547  | )             |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (5,547 | ) |
| Common stock dividends                                                                                                                                                                           |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   | (1,105  | )             |   |   |          |   |   |          |    |   |   |   |   |   |   |   | (1,105 | ) |
| BALANCE, MARCH 31, 2010                                                                                                                                                                          |   | $         | -      |   |       | $      | 369,095  |   |   | $      | 155        |   |   | $        | 1,418,648 |   |     | $      | 621,896 |          |   | $      | (106,088      | )      |   | $             | 2,083   |   |   |   |   |   |   | $ | 2,305,789 |   |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   | Three Months Ended March 31, |   |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   | 2010 |   |   |   | 2009 |   |
|                                                                                                                                                                                             |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   | (In thousands) |   |
| Disclosure of reclassification amounts:                                                                                                                                                          |   |      |   |   |       |   |     |   |   |   |       |   |   |     |      |   |     |   |    |          |   |   |          |   |   |          |    |   |   |   |   |   |   |
| Unrealized holding gain on securities arising during the period, net of tax expense of $5,826 in 2010 and $17,453 in 2009                                                                        |   |      |   |   |       |   | $        | 8,045  |   |   | $          | 24,101 |   |
| Less: Reclassification adjustment for gain included in net income (loss), net of tax expense of $4,751 in 2010 and $1,395 in 2009                                                                |   |      |   |   |       |   |     | (6,561 | )      |   |       | (1,926 | )      |
| Net unrealized (loss) gain on securities, net of tax expense of $1,075 in 2010 and $16,058 in 2009                                                                                               |   |      |   |   |       |   |     |   |   |   |       |   |   |     | $         | 1,484  |     |   | $       | 22,175        |   |

----

|                                                                                                               |   | Three Months Ended March 31, |      |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|
|                                                                                                               |   | 2010                         |      |   | 2009 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                               |   |                         |      |   |   |   |
| Net income (loss)                                                                                                  |   | $                            | 24,916    |   |   | $ | (22,466 | ) |
|    Adjustments to reconcile net income (loss) to net cash provided by operating activities:         |   |                         |      |   |   |
| Depreciation and amortization                                                                                      |   |                         | 16,077    |   |   |   | 5,807 |   |
| Accretion of discount and premium                                                                                  |   |                         | (96,692   | ) |   |   | - |   |
|            Decrease in FDIC indemnification asset and receivable |   |                         | 43,572    |   |   |   | - |   |
| Gain related to the fair value of investments from the acquisition of United  Commercial Bank            |   |                         | (8,095    | ) |   |   | - |   |
| Impairment writedown on investment securities available-for-sale                                                   |   |                         | 4,799     |   |   |   | 200 |   |
| Stock compensation costs                                                                                           |   |                         | 1,447     |   |   |   | 1,428 |   |
| Deferred tax benefit                                                                                               |   |                         | (2,874    | ) |   |   | (2,033 | ) |
| Provision for loan losses                                                                                          |   |                         | 76,421    |   |   |   | 78,000 |   |
| Impairment on other real estate owned                                                                              |   |                         | 13,294    |   |   |   | 3,184 |   |
| Net gain on sales of investment securities, loans and other assets                                                 |   |                         | (16,052   | ) |   |   | (600 | ) |
| Originations of loans held for sale                                                                                |   |                         | (6,382    | ) |   |   | (12,078 | ) |
| Proceeds from sale of loans held for sale                                                                          |   |                         | 13,695    |   |   |   | 12,111 |   |
| FHLB advance prepayment penalty                                                                                    |   |                         | 9,932     |   |   |   | - |   |
| Tax benefit from stock plans                                                                                       |   |                         | (341      | ) |   |   | (403 | )  |
| Net change in accrued interest receivable and other assets                                                         |   |                         | 44,994    |   |   |   | (1,407 | ) |
| Net change in accrued expenses and other liabilities                                                               |   |                         | 142,509   |   |   |   | (22,022 | ) |
| Total adjustments                                                                                                  |   |                         | 236,304   |   |   |   | 62,187 |   |
| Net cash provided by operating activities                                                                          |   |                         | 261,220   |   |   |   | 39,721 |   |
|                                                                                                               |   |                         |      |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                               |   |                         |      |   |   |   |   |   |
| Net decrease in loans                                                                                              |   |                         | 458,384   |   |   |   | 100,111 |   |
| Net decrease (increase) in short-term investments                                                                  |   |                         | 53,604    |   |   |   | (100,847 | ) |
| Purchases of:                                                                                                      |   |                         |      |   |   |   |   |   |
| Securities purchased under resale agreements                                                                       |   |                         | (300,000  | ) |   |   | - |   |
| Investment securities held-to-maturity                                                                             |   |                         | -         |   |   |   | (466,018 | ) |
| Investment securities available-for-sale                                                                           |   |                         | (712,031  | ) |   |   | (867,221 | ) |
| Loans receivable                                                                                                   |   |                         | (179,386  | ) |   |   | (4,511 | ) |
| Federal Reserve Bank stock                                                                                         |   |                         | (10,500   | ) |   |   | (9,196 | ) |
| Investments in affordable housing partnerships                                                                     |   |                         | (539      | ) |   |   | - |   |
| Premises and equipment                                                                                             |   |                         | (79,872   | ) |   |   | (194 | ) |
| Proceeds from sale of:                                                                                             |   |                         |      |   |   |   |   |   |
| Investment securities                                                                                              |   |                         | 615,843   |   |   |   | 185,775 |   |
| Securities purchased under resale agreements                                                                       |   |                         | 150,000   |   |   |   | - |   |
| Loans receivable                                                                                                   |   |                         | 24,478    |   |   |   | 9,396 |   |
| Other real estate owned                                                                                            |   |                         | 31,195    |   |   |   | 9,799 |   |
| Premises and equipment                                                                                             |   |                         | 28        |   |   |   | - |   |
| Repayments, maturity and redemption of investment securities available-for-sale                                    |   |                         | 482,270   |   |   |   | 610,984 |   |
| Dividends/redemption of Federal Home Loan Bank stock                                                               |   |                         | 93        |   |   |   | - |   |
| Net cash provided by (used in) investing activities                                                                |   |                         | 533,567   |   |   |   | (531,922 | ) |
|                                                                                                               |   |                         |      |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                               |   |                         |      |   |   |   |   |   |
| Net (payment for) proceeds from:                                                                                   |   |                         |      |   |   |   |   |   |
| Deposits                                                                                                           |   |                         | (380,911  | ) |   |   | 312,100 |   |
| Short-term borrowings                                                                                              |   |                         | (14,643   | ) |   |   | (28,369 | ) |
| Proceeds from:                                                                                                     |   |                         |      |   |   |   |   |   |
| Issuance of short-term borrowings                                                                                  |   |                         | 5,641     |   |   |   | - |   |
| Issuance of long-term borrowings                                                                                   |   |                         | 350,000   |   |   |   | - |   |
| Issuance of common stock pursuant to various stock plans and agreements                                            |   |                         | 695       |   |   |   | 15 |   |
| Payment for:                                                                                                       |   |                         |      |   |   |   |   |   |
| Repayment of long-term borrowings                                                                                  |   |                         | (389,064  | ) |   |   | (119,999 | ) |
| Repayment of notes payable and other borrowings                                                                    |   |                         | (14,181   | ) |   |   | (1,909 | ) |
| Repurchase of treasury shares                                                                                      |   |                         | (419      | ) |   |   | (35 | ) |
| Issuance and conversion costs of preferred stock & common stock                                                |   |                         | -         |   |   |   | (41 | ) |
| Cash dividends on preferred stock                                                                                  |   |                         | (5,547    | ) |   |   | (6,822 | ) |
| Cash dividends on common stock                                                                                     |   |                         | (1,105    | ) |   |   | (929 | ) |
| Tax benefit from stock plans                                                                                  |   |                         | 341       |   |   |   | 403 |   |
| Net cash (used in) provided by financing activities                                                                |   |                         | (449,193  | ) |   |   | 154,414 |   |
|                                                                                                               |   |                         |      |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                               |   |                         | 345,594   |   |   |   | (337,787 | ) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                                     |   |                         | 835,141   |   |   |   | 878,853 |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                                                           |   | $                            | 1,180,735 |   |   | $ | 541,066 |   |
|                                                                                                               |   |                         |      |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                                                                |   |                         |      |   |   |   |   |   |
| Cash paid during the period for:                                                                                   |   |                         |      |   |   |   |   |   |
| Interest                                                                                                           |   | $                            | 54,396    |   |   | $ | 71,370 |   |
| Income tax (refunds) payments                                                                                      |   |                         | (1,946    | ) |   |   | 50 |   |
| Noncash investing and financing activities:                                                                        |   |                         |      |   |   |   |   |   |
| Transfers to real estate owned/affordable housing partnership                                                      |   |                         | 76,552    |   |   |   | 30,561 |   |
| Conversion of preferred stock to common stock                                                                      |   |                         | 325,299   |   |   |   | - |   |

----

| 1.   | BASIS OF PRESENTATION |
|----------------|-----------------------|

| 2.   | SIGNIFICANT ACCOUNTING POLICIES |
|----------------|---------------------------------|

|   | Recent Accounting Standards |
|--------|-----------------------------|

----

| 3.   | FAIR VALUE |
|----------------|------------|

| ·   | Level 1 – Quoted prices for identical instruments that are highly liquid, observable and actively traded in over-the-counter markets. Level 1 financial instruments typically include U.S. Treasury securities. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable and can be corroborated by market data. Level 2 financial instruments typically include U.S. Government debt and agency mortgage-backed securities, municipal securities, U.S. Government sponsored enterprise preferred stock securities, single issue trust preferred securities, equity swap agreements, and OREO. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category typically includes mortgage servicing assets, impaired loans, private label mortgage-backed securities, pooled trust preferred securities, and derivatives payable. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                   |   | Assets (Liabilities) Measured at Fair Value on a Recurring Basis as of March 31, 2010 |      |
|--------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|-----------|
|                                                                                                   |   | Fair Value MeasurementsMarch 31, 2010                                                 |      |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|                                                                                                   |   | (In thousands)                                                                        |      |
| Investment securities available-for-sale                                                               |   |                                                                                  |      |   |   |   |   |   |   |   |   |   |
| U.S. Treasury securities                                                                               |   | $                                                                                     | 53,952    |   |   | $ | 53,952 |   |   | $ | - |   |   | $ | - |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |                                                                                  | 1,066,441 |   |   |   | - |   |   |   | 1,066,441 |   |   |   | - |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |                                                                                  | 26,101    |   |   |   | - |   |   |   | 26,101 |   |   |   | - |   |
| Residential mortgage-backed securities                                                                 |   |                                                                                  | 678,327   |   |   |   | - |   |   |   | 678,327 |   |   |   | - |   |
| Municipal securities                                                                                   |   |                                                                                  | 5,523     |   |   |   | - |   |   |   | 5,523 |   |   |   | - |   |
| Other residential mortgage-backed securities,  non-investment grade                          |   |                                                                                  | 12,203    |   |   |   | - |   |   |   | - |   |   |   | 12,203 |   |
| Corporate debt securities:                                                                             |   |                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                       |   |                                                                                  | 317,044   |   |   |   | - |   |   |   | 315,604 |   |   |   | 1,440 |   |
| Non-investment grade                                                                                   |   |                                                                                  | 25,603    |   |   |   | - |   |   |   | 23,506 |   |   |   | 2,097 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |                                                                                  | 1,828     |   |   |   | - |   |   |   | 1,828 |   |   |   | - |   |
| Other securities                                                                                       |   |                                                                                  | 4,505     |   |   |   | 4,505 |   |   |   | - |   |   |   | - |   |
| Total investment securities available-for-sale                                                         |   | $                                                                                     | 2,191,527 |   |   | $ | 58,457 |   |   | $ | 2,117,330 |   |   | $ | 15,740 |   |
|                                                                                                   |   |                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity swap agreements                                                                                 |   | $                                                                                     | 5,951     |   |   | $ | - |   |   | $ | 5,951 |   |   | $ | - |   |
| Derivatives payable                                                                                    |   |                                                                                  | (5,955    | ) |   |   | - |   |   |   | - |   |   |   | (5,955 | ) |
| FX option                                                                                              |   |                                                                                  | 1,841     |   |   |   | - |   |   |   | 1,841 |   |   |   | - |   |

----

|                                                                                                   |   | Assets (Liabilities) Measured at Fair Value on a Recurring Basis as of December 31, 2009 |      |
|--------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|-----------|
|                                                                                                   |   | Fair Value MeasurementsDecember 31, 2009                                                 |      |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|                                                                                                   |   | (In thousands)                                                                           |      |
| Investment securities available-for-sale                                                               |   |                                                                                     |      |   |   |   |   |   |   |   |   |   |
| U.S. Treasury securities                                                                               |   | $                                                                                        | 303,472   |   |   | $ | 303,472 |   |   | $ | - |   |   | $ | - |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |                                                                                     | 832,025   |   |   |   | - |   |   |   | 832,025 |   |   |   | - |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |                                                                                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |                                                                                     | 26,355    |   |   |   | - |   |   |   | 26,355 |   |   |   | - |   |
| Residential mortgage-backed securities                                                                 |   |                                                                                     | 724,348   |   |   |   | - |   |   |   | 724,348 |   |   |   | - |   |
| Municipal securities                                                                                   |   |                                                                                     | 60,193    |   |   |   | - |   |   |   | 60,193 |   |   |   | - |   |
| Other residential mortgage-backed securities:                                                          |   |                                                                                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                       |   |                                                                                     | 95,517    |   |   |   | - |   |   |   | 95,517 |   |   |   | - |   |
| Non-investment grade                                                                                   |   |                                                                                     | 41,610    |   |   |   | - |   |   |   | 28,872 |   |   |   | 12,738 |   |
| Corporate debt securities:                                                                             |   |                                                                                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                       |   |                                                                                     | 460,895   |   |   |   | - |   |   |   | 459,917 |   |   |   | 978 |   |
| Non-investment grade                                                                                   |   |                                                                                     | 8,861     |   |   |   | - |   |   |   | 6,906 |   |   |   | 1,955 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |                                                                                     | 1,782     |   |   |   | - |   |   |   | 1,782 |   |   |   | - |   |
| Other securities                                                                                       |   |                                                                                     | 9,023     |   |   |   | 9,023 |   |   |   | - |   |   |   | - |   |
| Total investment securities available-for-sale                                                         |   | $                                                                                        | 2,564,081 |   |   | $ | 312,495 |   |   | $ | 2,235,915 |   |   | $ | 15,671 |   |
|                                                                                                   |   |                                                                                     |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity swap agreements                                                                                 |   | $                                                                                        | 14,177    |   |   | $ | - |   |   | $ | 14,177 |   |   | $ | - |   |
| Derivatives payable                                                                                    |   |                                                                                     | (14,185   | ) |   |   | - |   |   |   | - |   |   |   | (14,185 | ) |

|                                                                                  |   | Assets Measured at Fair Value on a Non-Recurring Basis for the Three Months Ended March 31, 2010 |   |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------|
|                                                                                  |   | Fair Value MeasurementsMarch 31, 2010                                                            |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |   | Total Gains (Losses) |   |
|                                                                                  |   | (In thousands)                                                                                   |   |
|                                                                                  |   |                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage servicing assets  (single and multi family,  commercial) |   | $                                                                                                | 12,154 |   |   | $ | - |   |   | $ | - |   |   | $ | 12,154 |   |   | $ | (34 | ) |
|                                                                                  |   |                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-covered impaired loans:                                                           |   |                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential single family                                                             |   |                                                                                             | 3,428  |   |   |   | - |   |   |   | - |   |   |   | 3,428 |   |   |   | (1,858 | ) |
| Residential multifamily                                                               |   |                                                                                             | 9,259  |   |   |   | - |   |   |   | - |   |   |   | 9,259 |   |   |   | (4,459 | ) |
| Commercial and industrial real  estate, land                                |   |                                                                                             | 55,187 |   |   |   | - |   |   |   | - |   |   |   | 55,187 |   |   |   | (19,130 | ) |
| Construction                                                                          |   |                                                                                             | 6,666  |   |   |   | - |   |   |   | - |   |   |   | 6,666 |   |   |   | (1,921 | ) |
| Commercial business                                                                   |   |                                                                                             | 11,310 |   |   |   | - |   |   |   | - |   |   |   | 11,310 |   |   |   | (6,486 | ) |
| Trade finance                                                                         |   |                                                                                             | 379    |   |   |   | - |   |   |   | - |   |   |   | 379 |   |   |   | (126 | ) |
| Other consumer                                                                        |   |                                                                                             | 167    |   |   |   | - |   |   |   | - |   |   |   | 167 |   |   |   | (82 | ) |
| Total non-covered impaired loans                                                      |   |                                                                                             | 86,396 |   |   |   | - |   |   |   | - |   |   |   | 86,396 |   |   |   | (34,062 | ) |
|                                                                                  |   |                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-covered OREO                                                                      |   |                                                                                             | 6,907  |   |   |   | - |   |   |   | 6,907 |   |   |   | - |   |   |   | (2,247 | ) |

----

|                                                                                  |   | Assets Measured at Fair Value on a Non-Recurring Basis for the Three Months Ended March 31, 2009 |    |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|---------|
|                                                                                  |   | Fair Value MeasurementsMarch 31, 2009                                                            |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |   | Total Gains (Losses) |   |
|                                                                                  |   | (In thousands)                                                                                   |    |
|                                                                                  |   |                                                                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage servicing assets  (single and multi family,  commercial) |   | $                                                                                                | 16,664  |   |   | $ | - |   |   | $ | - |   |   | $ | 16,664 |   |   | $ | 766 |   |
|                                                                                  |   |                                                                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-covered impaired loans:                                                           |   |                                                                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential single family                                                             |   |                                                                                             | 3,765   |   |   |   | - |   |   |   | - |   |   |   | 3,765 |   |   |   | (1,035 | ) |
| Residential multifamily                                                               |   |                                                                                             | 1,060   |   |   |   | - |   |   |   | - |   |   |   | 1,060 |   |   |   | (116 | ) |
| Commercial and industrial real  estate, land                                |   |                                                                                             | 55,410  |   |   |   | - |   |   |   | - |   |   |   | 55,410 |   |   |   | (8,940 | ) |
| Construction                                                                          |   |                                                                                             | 36,842  |   |   |   | - |   |   |   | - |   |   |   | 36,842 |   |   |   | (5,548 | ) |
| Commercial business                                                                   |   |                                                                                             | 16,831  |   |   |   | - |   |   |   | - |   |   |   | 16,831 |   |   |   | (18,119 | ) |
| Trade finance                                                                         |   |                                                                                             | 177     |   |   |   | - |   |   |   | - |   |   |   | 177 |   |   |   | (262 | ) |
| Other consumer                                                                        |   |                                                                                             | 250     |   |   |   | - |   |   |   | - |   |   |   | 250 |   |   |   | (15 | ) |
| Total non-covered impaired loans                                                      |   |                                                                                             | 114,335 |   |   |   | - |   |   |   | - |   |   |   | 114,335 |   |   |   | (34,035 | ) |
|                                                                                  |   |                                                                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-covered OREO                                                                      |   |                                                                                             | 11,333  |   |   |   | - |   |   |   | 11,333 |   |   |   | - |   |   |   | (2,738 | ) |

|                                                          |   | Investment Securities Available-for-Sale |   |   |                                                               |   |
|---------------------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------------------------------------|--------|
|                                                          |   |                                     |   |   | Other Residential Mortgage-Backed Securities, Non-Investment Grade |   |   | Corporate Debt Securities |   |   |   |   |
|                                                          |   | Total                                    |   |   | Investment Grade                                                   |   |   | Non-Investment Grade |   |   | Derivatives Payable |   |
|                                                          |   | (In thousands)                           |   |
|                                                          |   |                                     |   |   |                                                               |   |   |   |   |   |   |   |   |   |   |
| Beginning balance, January 1, 2010                            |   | $                                        | 15,671 |   |                                                               | $      | 12,738 |   |   | $ | 978 |   |   | $ | 1,955 |   |   | $ | (14,185 | ) |
| Total gains or (losses): (1)                                  |   |                                     |   |   |                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Included in earnings                                          |   |                                     | (4,750 | )      |                                                               |   | - |   |   |   | 3 |   |   |   | (4,753 | ) |   |   | (3 | ) |
| Included in other comprehensive loss (unrealized) (2)         |   |                                     | 4,735  |   |                                                               |   | (535 | ) |   |   | 465 |   |   |   | 4,805 |   |   |   | - |   |
| Purchases, issuances, sales, settlements (3)                  |   |                                     | 84     |   |                                                               |   | - |   |   |   | (6 | ) |   |   | 90 |   |   |   | 8,233 |   |
| Transfers in and/or out of Level 3 (4)                        |   |                                     | -      |   |                                                               |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Ending balance, March 31, 2010                                |   | $                                        | 15,740 |   |                                                               | $      | 12,203 |   |   | $ | 1,440 |   |   | $ | 2,097 |   |   | $ | (5,955 | ) |
|                                                          |   |                                     |   |   |                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Changes in unrealized losses included in earnings relating to |   |                                     |   |   |                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| assets and liabilities still held at March 31, 2010           |   | $                                        | (4,799 | )      |                                                               | $      | - |   |   | $ | - |   |   | $ | (4,799 | ) |   | $ | 3 |   |
|                                                          |   |                                     |   |   |                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                          |   | Investment Securities Available-for-Sale |    |   |                                         |   |
|---------------------------------------------------------------|--------|------------------------------------------|---------|--------|----------------------------------------------|--------|
|                                                          |   |                                     |    |   | Other Residential Mortgage-Backed Securities |   |   | Corporate Debt Securities |   |   |   |   |   |   |   |
|                                                          |   | Total                                    |    |   | Investment Grade                             |   |   | Non-Investment Grade |   |   | Investment Grade |   |   | Non-Investment Grade |   |   | Residual Securities |   |   | Derivatives Payable |   |
|                                                          |   | (In thousands)                           |    |
|                                                          |   |                                     |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning balance, January 1, 2009                            |   | $                                        | 624,351 |   |                                         | $      | 527,109 |   |   | $ | 10,216 |   |   | $ | 1,294 |   |   | $ | 35,670 |   |   | $ | 50,062 |   |   | $ | (14,142 | ) |
| Total gains or (losses): (1)                                  |   |                                     |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Included in earnings                                          |   |                                     | 2,903   |   |                                         |   | 168 |   |   |   | 1 |   |   |   | 4 |   |   |   | (198 | ) |   |   | 2,928 |   |   |   | 2,633 |   |
| Included in other comprehensive loss (unrealized) (2)         |   |                                     | 22,452  |   |                                         |   | 30,240 |   |   |   | 1,108 |   |   |   | 20 |   |   |   | (14,794 | ) |   |   | 5,878 |   |   |   | - |   |
| Purchases, issuances, sales, settlements (3)                  |   |                                     | (14,697 | )      |                                         |   | (10,997 | ) |   |   | - |   |   |   | (12 | ) |   |   | 1,252 |   |   |   | (4,940 | ) |   |   | - |   |
| Transfers in and/or out of Level 3 (4)                        |   |                                     | -       |   |                                         |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Ending balance, March 31, 2009                                |   | $                                        | 635,009 |   |                                         | $      | 546,520 |   |   | $ | 11,325 |   |   | $ | 1,306 |   |   | $ | 21,930 |   |   | $ | 53,928 |   |   | $ | (11,509 | ) |
|                                                          |   |                                     |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Changes in unrealized losses included in earnings relating to |   |                                     |    |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| assets and liabilities still held at March 31, 2009           |   | $                                        | (200    | )      |                                         | $      | - |   |   | $ | - |   |   | $ | - |   |   | $ | (200 | ) |   | $ | - |   |   | $ | (2,633 | ) |

| (1)   | Total gains or losses represent the total realized and unrealized gains and losses recorded for Level 3 assets and liabilities.  Realized gains or losses are reported in the condensed consolidated statements of operations. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Unrealized gains or losses as well as the noncredit portion of OTTI on investment securities are reported in accumulated other comprehensive loss, net of tax, in the condensed consolidated statements of changes in stockholders’ equity and comprehensive income. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Purchases, issuances, sales and settlements represent Level 3 assets and liabilities that were either purchased, issued, sold, or settled during the period.  The amounts are recorded at their end of period fair values. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Transfers in and/or out represent existing assets and liabilities that were either previously categorized as a higher level and the inputs to the model became unobservable or assets and liabilities that were previously classified as Level 3 and the lowest significant input became observable during the period.  These assets and liabilities are recorded at their end of period fair values. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                         |   | March 31, 2010  |       |   | December 31, 2009 |   |
|----------------------------------------------|--------|-----------------|------------|--------|-------------------|--------|
|                                         |   | Carrying        |       |   |              |   |   | Carrying |   |   |   |   |
|                                         |   | Notional or     |       |   | Estimated         |   |   | Notional or |   |   | Estimated |   |
|                                         |   | Contract Amount |       |   | Fair Value        |   |   | Contract Amount |   |   | Fair Value |   |
|                                         |   | (In thousands)  |       |
| Financial Assets:                            |   |            |       |   |              |   |   |   |   |   |   |   |
| Cash and cash equivalents                    |   | $               | 1,180,735  |   |              | $      | 1,180,735 |   |   | $ | 835,141 |   |   | $ | 835,141 |   |
| Short-term investments                       |   |            | 457,184    |   |              |   | 457,184 |   |   |   | 510,788 |   |   |   | 510,788 |   |
| Securities purchased under resale agreements |   |            | 380,000    |   |              |   | 396,432 |   |   |   | 227,444 |   |   |   | 232,693 |   |
| Investment securities available-for-sale     |   |            | 2,191,527  |   |              |   | 2,191,527 |   |   |   | 2,564,081 |   |   |   | 2,564,081 |   |
| Loans receivable, net                        |   |            | 13,471,529 |   |              |   | 13,396,993 |   |   |   | 13,844,840 |   |   |   | 13,519,060 |   |
| Investment in Federal Home Loan Bank stock   |   |            | 180,124    |   |              |   | 180,124 |   |   |   | 180,217 |   |   |   | 180,217 |   |
| Investment in Federal Reserve Bank stock     |   |            | 47,285     |   |              |   | 47,285 |   |   |   | 36,785 |   |   |   | 36,785 |   |
| Accrued interest receivable                  |   |            | 78,659     |   |              |   | 78,659 |   |   |   | 82,370 |   |   |   | 82,370 |   |
| Equity swap agreements                       |   |            | 30,038     |   |              |   | 5,951 |   |   |   | 38,828 |   |   |   | 14,177 |   |
| FX option                                    |   |            | 30,000     |   |              |   | 1,841 |   |   |   | - |   |   |   | - |   |
|                                         |   |            |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities:                       |   |            |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Customer deposit accounts:                   |   |            |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Demand, savings and money market deposits    |   |            | 7,745,686  |   |              |   | 6,780,364 |   |   |   | 7,088,822 |   |   |   | 6,214,848 |   |
| Time deposits                                |   |            | 6,861,016  |   |              |   | 6,866,730 |   |   |   | 7,898,791 |   |   |   | 7,912,384 |   |
| Federal funds purchased                      |   |            | 22         |   |              |   | 22 |   |   |   | 22 |   |   |   | 22 |   |
| Federal Home Loan Bank advances              |   |            | 1,769,452  |   |              |   | 1,753,492 |   |   |   | 1,805,387 |   |   |   | 1,791,326 |   |
| Securities sold under repurchase agreements  |   |            | 1,032,511  |   |              |   | 1,262,056 |   |   |   | 1,026,870 |   |   |   | 1,265,565 |   |
| Notes payable                                |   |            | 12,533     |   |              |   | 12,533 |   |   |   | 7,366 |   |   |   | 7,366 |   |
| Accrued interest payable                     |   |            | 17,343     |   |              |   | 17,343 |   |   |   | 19,386 |   |   |   | 19,386 |   |
| Long-term debt                               |   |            | 235,570    |   |              |   | 106,715 |   |   |   | 235,570 |   |   |   | 103,442 |   |
| Derivatives payable                          |   |            | 30,038     |   |              |   | 5,955 |   |   |   | 38,828 |   |   |   | 14,185 |   |

----

----

| 4.   | STOCK-BASED COMPENSATION |
|----------------|--------------------------|

----

|                                        |   |   |      |   |     |   | Weighted    |   |               |   |
|---------------------------------------------|--------|--------|-----------|--------|----------|--------|-------------|--------|--------------------|--------|
|                                        |   |   |      |   | Weighted |   | Average     |   | Aggregate          |   |
|                                        |   |   |      |   | Average  |   | Remaining   |   | Intrinsic          |   |
|                                        |   |   |      |   | Exercise |   | Contractual |   | Value              |   |
|                                        |   | Shares |      |   | Price    |   | Term        |   | (In thousands) (1) |   |
| Outstanding at beginning of period          |   |   | 1,927,515 |   |     | $      | 21.59       |   |               |   |   |   |
| Granted                                     |   |   | -         |   |     |   | -           |   |               |   |   |   |
| Exercised                                   |   |   | (49,890   | )      |     |   | 11.56       |   |               |   |   |   |
| Forfeited                                   |   |   | (34,322   | )      |     |   | 21.27       |   |               |   |   |   |
| Outstanding at end of period                |   |   | 1,843,303 |   |     |   | 21.87       |   |  3.29 years   |   | $ | 3,915 |   |
|                                        |   |   |      |   |     |   |        |   |               |   |   |   |   |
| Vested or expected to vest at end of period |   |   | 1,793,335 |   |     | $      | 21.94       |   |  3.25 years   |   | $ | 3,791 |   |
|                                        |   |   |      |   |     |   |        |   |               |   |   |   |   |
| Exercisable at end of period                |   |   | 1,185,625 |   |     | $      | 23.33       |   |  2.39 years   |   | $ | 2,678 |   |

| (1)   | Includes in-the-money options only. |
|-----------------|-------------------------------------|

|                        |   | Three Months Ended March 31, 2009 |   |
|-----------------------------|--------|-----------------------------------|--------|
| Expected term (1)           |   | 4 years                           |   |
| Expected volatility (2)     |   |                              | 60.5   | % |
| Expected dividend yield (3) |   |                              | 0.6    | % |
| Risk-free interest rate (4) |   |                              | 1.8    | % |

| (1)   | The expected term (estimated period of time outstanding) of stock options granted was estimated using the historical exercise behavior of employees. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The expected volatility was based on historical volatility for a period equal to the stock option's expected term. |
|-----------------|--------------------------------------------------------------------------------------------------------------------|

| (3)   | The expected dividend yield is based on the Company's prevailing dividend rate at the time of grant. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (4)   | The risk-free rate is based on the U.S. Treasury strips in effect at the time of grant equal to the stock option's expected term. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------|

|                                                                       |   | Three Months Ended March 31, |   |
|----------------------------------------------------------------------------|--------|------------------------------|--------|
|                                                                       |   | 2010                         |   |   | 2009 |   |
| Weighted average fair value of stock options granted during the period (1) |   | $                            | -      |   |   | $ | 3.00 |   |
| Total intrinsic value of options exercised (in thousands)                  |   | $                            | 277    |   |   | $ | 1 |   |
| Total fair value of options vested (in thousands)                          |   | $                            | 1,671  |   |   | $ | 1,351 |   |

| (1)   | The Company did not issue any stock options during the first quarter of 2010. |
|-----------------|-------------------------------------------------------------------------------|

----

|                               |   |   |      |   | Weighted |   |
|------------------------------------|--------|--------|-----------|--------|----------|--------|
|                               |   |   |      |   | Average  |   |
|                               |   | Shares |      |   | Price    |   |
| Outstanding at beginning of period |   |   | 864,717   |   |     | $      | 20.12 |   |
| Granted                            |   |   | 903,469   |   |     |   | 16.89 |   |
| Vested                             |   |   | (66,796   | )      |     |   | 34.87 |   |
| Forfeited                          |   |   | (89,795   | )      |     |   | 18.85 |   |
| Outstanding at end of period       |   |   | 1,611,595 |   |     |   | 17.77 |   |

----

| 5.   | INVESTMENT SECURITIES |
|----------------|-----------------------|

|                                                                                                   |   |           |      |   | Gross      |   |   | Gross      |   |   | Estimated |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|------------|--------|--------|------------|--------|--------|-----------|--------|
|                                                                                                   |   | Amortized      |      |   | Unrealized |   |   | Unrealized |   |   | Fair      |   |
|                                                                                                   |   | Cost           |      |   | Gains      |   |   | Losses     |   |   | Value     |   |
|                                                                                                   |   | (In thousands) |      |
| As of March 31, 2010                                                                                   |   |           |      |   |       |   |   |       |   |   |      |   |
| Available-for-sale                                                                                     |   |           |      |   |       |   |   |       |   |   |      |   |
| U.S. Treasury securities                                                                               |   | $              | 53,979    |   |       | $      | 31     |       |   | $      | (58       | )      |   | $ | 53,952 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |           | 1,069,066 |   |       |   | 1,477  |       |   |   | (4,102    | )      |   |   | 1,066,441 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |           | 25,241    |   |       |   | 860    |       |   |   | -         |   |   |   | 26,101 |   |
| Residential mortgage-backed securities                                                                 |   |           | 660,167   |   |       |   | 18,214 |       |   |   | (54       | )      |   |   | 678,327 |   |
| Municipal securities                                                                                   |   |           | 5,511     |   |       |   | 12     |       |   |   | -         |   |   |   | 5,523 |   |
| Other residential mortgage-backed securities,  non-investment grade                          |   |           | 21,330    |   |       |   | -      |       |   |   | (9,127    | )      |   |   | 12,203 |   |
| Corporate debt securities:                                                                             |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 308,315   |   |       |   | 9,558  |       |   |   | (829      | )      |   |   | 317,044 |   |
| Non-investment grade (1)                                                                               |   |           | 37,770    |   |       |   | 18     |       |   |   | (12,185   | )      |   |   | 25,603 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |           | 1,998     |   |       |   | 71     |       |   |   | (241      | )      |   |   | 1,828 |   |
| Other securities                                                                                       |   |           | 4,505     |   |       |   | -      |       |   |   | -         |   |   |   | 4,505 |   |
| Total investment securities available-for-sale                                                         |   | $              | 2,187,882 |   |       | $      | 30,241 |       |   | $      | (26,596   | )      |   | $ | 2,191,527 |   |
|                                                                                                   |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| As of December 31, 2009                                                                                |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Available-for-sale                                                                                     |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| U.S. Treasury securities                                                                               |   | $              | 304,105   |   |       | $      | 8      |       |   | $      | (641      | )      |   | $ | 303,472 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |           | 841,953   |   |       |   | 507    |       |   |   | (10,435   | )      |   |   | 832,025 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |           | 25,503    |   |       |   | 852    |       |   |   | -         |   |   |   | 26,355 |   |
| Residential mortgage-backed securities                                                                 |   |           | 707,290   |   |       |   | 17,863 |       |   |   | (805      | )      |   |   | 724,348 |   |
| Municipal securities                                                                                   |   |           | 59,264    |   |       |   | 1,027  |       |   |   | (98       | )      |   |   | 60,193 |   |
| Other residential mortgage-backed securities:                                                          |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 95,181    |   |       |   | 827    |       |   |   | (492      | )      |   |   | 95,516 |   |
| Non-investment grade                                                                                   |   |           | 50,843    |   |       |   | 368    |       |   |   | (9,601    | )      |   |   | 41,610 |   |
| Corporate debt securities:                                                                             |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 441,606   |   |       |   | 20,428 |       |   |   | (1,138    | )      |   |   | 460,896 |   |
| Non-investment grade (1)                                                                               |   |           | 26,277    |   |       |   | -      |       |   |   | (17,416   | )      |   |   | 8,861 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |           | 1,998     |   |       |   | -      |       |   |   | (216      | )      |   |   | 1,782 |   |
| Other securities                                                                                       |   |           | 9,023     |   |       |   | -      |       |   |   | -         |   |   |   | 9,023 |   |
| Total investment securities available-for-sale                                                         |   | $              | 2,563,043 |   |       | $      | 41,880 |       |   | $      | (40,842   | )      |   | $ | 2,564,081 |   |

| (1)   | For the three months ended March 31, 2010, the Company recorded through earnings $4.8 million in additional increases to the amount related to the credit loss for which an other-than-temporary impairment was previously recognized. The Company recorded $107.7 million, on a pre-tax basis, of the credit portion of OTTI through earnings and $8.2 million, net of tax, of the non-credit portion of OTTI for pooled trust preferred securities in other comprehensive income for the year ended December 31, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                       |   | Three Months Ended March 31, |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                                                                                                       |   | 2010                         |    |   | 2009 |   |
|                                                                                                                                                       |   | (In thousands)               |    |
|                                                                                                                                                       |   |                         |    |   |   |   |
| Beginning balance, January 1                                                                                                                          |   | $                            | 107,671 |   |   | $ | - |   |
| Addition of other-than-temporary impairment that was not  previously recognized                                                                  |   |                         | -       |   |   |   | 200 |   |
| Additional increases to the amount related to the credit loss  for which an other-than-temporary impairment was previously  recognized |   |                         | 4,799   |   |   |   | - |   |
| Ending balance                                                                                                                                             |   | $                            | 112,470 |   |   | $ | 200 |   |

----

|                                                                                                                         |   | Less Than 12 Months |      |   | 12 Months or More |   |    | Total  |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|-----------|--------|-------------------|--------|---------|--------|--------|
|                                                                                                                         |   | Fair                |      |   | Unrealized        |   |    | Fair   |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
|                                                                                                                         |   | Value               |      |   | Losses            |   |    | Value  |   |   | Losses |   |   | Value |   |   | Losses |   |
|                                                                                                                         |   | (In thousands)      |      |
| As of March 31, 2010                                                                                                         |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale                                                                                                           |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury securities                                                                                                     |   | $                   | 20,246    |   |              | $      | (58     | )      |   | $ | - |   |   | $ | - |   |   | $ | 20,246 |   |   | $ | (58 | ) |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities                                   |   |                | 464,031   |   |              |   | (4,102  | )      |   |   | - |   |   |   | - |   |   |   | 464,031 |   |   |   | (4,102 | ) |
| U.S. Government agency and U.S. Government  sponsored enterprise residential mortgage-backed  securities |   |                | 4,896     |   |              |   | (54     | )      |   |   | - |   |   |   | - |   |   |   | 4,896 |   |   |   | (54 | ) |
| Other residential mortgage-backed securities,  non-investment grade                                                |   |                | -         |   |              |   | -       |   |   |   | 12,202 |   |   |   | (9,127 | ) |   |   | 12,202 |   |   |   | (9,127 | ) |
| Corporate debt securities:                                                                                                   |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                                             |   |                | 69,158    |   |              |   | (253    | )      |   |   | 1,440 |   |   |   | (576 | ) |   |   | 70,598 |   |   |   | (829 | ) |
| Non-investment grade (1)                                                                                                     |   |                | 12,731    |   |              |   | (61     | )      |   |   | 9,490 |   |   |   | (12,124 | ) |   |   | 22,221 |   |   |   | (12,185 | ) |
| U.S. Government sponsored enterprise equity securities                                                                       |   |                | 792       |   |              |   | (241    | )      |   |   | - |   |   |   | - |   |   |   | 792 |   |   |   | (241 | ) |
| Total investment securities available-for-sale                                                                               |   | $                   | 571,854   |   |              | $      | (4,769  | )      |   | $ | 23,132 |   |   | $ | (21,827 | ) |   | $ | 594,986 |   |   | $ | (26,596 | ) |
|                                                                                                                         |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| As of December 31, 2009                                                                                                      |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale                                                                                                           |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury securities                                                                                                     |   | $                   | 253,002   |   |              | $      | (641    | )      |   | $ | - |   |   | $ | - |   |   | $ | 253,002 |   |   | $ | (641 | ) |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities                                   |   |                | 673,067   |   |              |   | (10,435 | )      |   |   | - |   |   |   | - |   |   |   | 673,067 |   |   |   | (10,435 | ) |
| U.S. Government agency and U.S. Government  sponsored enterprise residential mortgage-backed  securities |   |                | 55,947    |   |              |   | (805    | )      |   |   | - |   |   |   | - |   |   |   | 55,947 |   |   |   | (805 | ) |
| Municipal securities                                                                                                         |   |                | 12,369    |   |              |   | (98     | )      |   |   | - |   |   |   |  - |   |   |   | 12,369 |   |   |   | (98 | ) |
| Other residential mortgage-backed securities:                                                                                |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                                             |   |                | 47,343    |   |              |   | (492    | )      |   |   | - |   |   |   | - |   |   |   | 47,343 |   |   |   | (492 | ) |
| Non-investment grade                                                                                                         |   |                | 19,970    |   |              |   | (1,011  | )      |   |   | 12,739 |   |   |   | (8,590 | ) |   |   | 32,709 |   |   |   | (9,601 | ) |
| Corporate debt securities:                                                                                                   |   |                |      |   |              |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                                             |   |                | 32,342    |   |              |   | (97     | )      |   |   | 978 |   |   |   | (1,041 | ) |   |   | 33,320 |   |   |   | (1,138 | ) |
| Non-investment grade (1)                                                                                                     |   |                | -         |   |              |   | -       |   |   |   | 8,861 |   |   |   | (17,416 | ) |   |   | 8,861 |   |   |   | (17,416 | ) |
| U.S. Government sponsored enterprise equity securities                                                                       |   |                | 1,782     |   |              |   | (216    | )      |   |   | - |   |   |   | - |   |   |   | 1,782 |   |   |   | (216 | ) |
| Total investment securities available-for-sale                                                                               |   | $                   | 1,095,822 |   |              | $      | (13,795 | )      |   | $ | 22,578 |   |   | $ | (27,047 | ) |   | $ | 1,118,400 |   |   | $ | (40,842 | ) |

----

|                                                                   |   | Amortized      |      |   | Estimated  |   |
|------------------------------------------------------------------------|--------|----------------|-----------|--------|------------|--------|
|                                                                   |   | Cost           |      |   | Fair Value |   |
|                                                                   |   | (In thousands) |      |
|                                                                   |   |           |      |   |       |   |
| Due within one year                                                    |   | $              | 1,181,715 |   |       | $      | 1,175,262 |   |
| Due after one year through five years                                  |   |           | 232,433   |   |       |   | 239,179 |   |
| Due after five years through ten years                                 |   |           | 64,294    |   |       |   | 66,185 |   |
| Due after ten years                                                    |   |           | 707,442   |   |       |   | 709,073 |   |
| Indeterminate maturity                                                 |   |           | 1,998     |   |       |   | 1,828 |   |
|     Total investment securities available-for-sale |   | $              | 2,187,882 |   |       | $      | 2,191,527 |   |

| 6.   | COVERED ASSETS AND FDIC INDEMNIFICATION ASSET |
|----------------|-----------------------------------------------|

----

----

|                                  |   | Credit Impaired |       |   | Other Loans |   |      | Total  |   |
|---------------------------------------|--------|-----------------|------------|--------|-------------|--------|-----------|--------|--------|
|                                  |   | (In thousands)  |       |
| As of March 31, 2010                  |   |            |       |   |        |   |      |   |   |
| Real estate loans                     |   |            |       |   |        |   |      |   |   |
| Residential single family             |   | $               | 20,573     |   |        | $      | 596,512   |   |   | $ | 617,085 |   |
| Residential multifamily               |   |            | 141,952    |   |        |   | 993,575   |   |   |   | 1,135,527 |   |
| Commercial and industrial real estate |   |            | 822,512    |   |        |   | 1,393,692 |   |   |   | 2,216,204 |   |
| Construction and land                 |   |            | 1,099,559  |   |        |   | 152,552   |   |   |   | 1,252,111 |   |
| Total real estate                     |   |            | 2,084,596  |   |        |   | 3,136,331 |   |   |   | 5,220,927 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Other loans:                          |   |            |       |   |        |   |      |   |   |   |   |   |
| Commercial business                   |   |            | 460,905    |   |        |   | 441,458   |   |   |   | 902,363 |   |
| Other consumer                        |   |            | 384        |   |        |   | 93,509    |   |   |   | 93,893 |   |
| Total other loans                     |   |            | 461,289    |   |        |   | 534,967   |   |   |   | 996,256 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Total principal balance               |   |            | 2,545,885  |   |        |   | 3,671,298 |   |   |   | 6,217,183 |   |
| Covered discount                      |   |            | (926,185   | )      |        |   | (430,342  | )      |   |   | (1,356,527 | ) |
| Net valuation of loans                |   |            | 1,619,700  |   |        |   | 3,240,956 |   |   |   | 4,860,656 |   |
| Subsequent acquisition loan advances  |   |            | -          |   |        |   | 360,065   |   |   |   | 360,065 |   |
| Total covered loans                   |   | $               | 1,619,700  |   |        | $      | 3,601,021 |   |   | $ | 5,220,721 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| As of December 31, 2009               |   |            |       |   |        |   |      |   |   |   |   |   |
| Real estate loans                     |   |            |       |   |        |   |      |   |   |   |   |   |
| Residential single family             |   | $               | 22,325     |   |        | $      | 621,742   |   |   | $ | 644,067 |   |
| Residential multifamily               |   |            | 158,452    |   |        |   | 1,010,413 |   |   |   | 1,168,865 |   |
| Commercial and industrial real estate |   |            | 900,165    |   |        |   | 1,515,284 |   |   |   | 2,415,449 |   |
| Construction and land                 |   |            | 1,236,228  |   |        |   | 155,500   |   |   |   | 1,391,728 |   |
| Total real estate                     |   |            | 2,317,170  |   |        |   | 3,302,939 |   |   |   | 5,620,109 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Other loans:                          |   |            |       |   |        |   |      |   |   |   |   |   |
| Commercial business                   |   |            | 603,507    |   |        |   | 580,260   |   |   |   | 1,183,767 |   |
| Other consumer                        |   |            | 422        |   |        |   | 100,377   |   |   |   | 100,799 |   |
| Total other loans                     |   |            | 603,929    |   |        |   | 680,637   |   |   |   | 1,284,566 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Total principal balance               |   |            | 2,921,099  |   |        |   | 3,983,576 |   |   |   | 6,904,675 |   |
| Covered discount                      |   |            | (1,033,720 | )      |        |   | (474,948  | )      |   |   | (1,508,668 | ) |
| Net valuation of loans                |   |            | 1,887,379  |   |        |   | 3,508,628 |   |   |   | 5,396,007 |   |
| Subsequent acquisition loan advances  |   |            | -          |   |        |   | 202,148   |   |   |   | 202,148 |   |
| Total covered loans                   |   | $               | 1,887,379  |   |        | $      | 3,710,776 |   |   | $ | 5,598,155 |   |

|                                                         |   | March 31,              |    |   | December 31, |   |
|--------------------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                                         |   | 2010                   |    |   | 2009         |   |
|                                                         |   | (Dollars in thousands) |    |
|                                                         |   |                   |    |   |         |   |
| Covered nonaccrual loans                                     |   | $                      | 574,672 |   |         | $      | 675,625 |   |
| Covered loans past due 90 days or more but not on nonaccrual |   |                   | -       |   |         |   | - |   |
| Total nonperforming loans                                    |   |                   | 574,672 |   |         |   | 675,625 |   |
|                                                         |   |                   |    |   |         |   |   |   |
| Other real estate owned covered, net                         |   |                   | 78,354  |   |         |   | 44,273 |   |
| Total covered nonperforming assets                           |   | $                      | 653,026 |   |         | $      | 719,898 |   |

----

|                                                      |   | March 31, 2010 |       |   | December 31, 2009 |   |
|-----------------------------------------------------------|--------|----------------|------------|--------|-------------------|--------|
|                                                      |   | (In thousands) |       |
|                                                      |   |           |       |   |              |   |
| Contractually required payments of interest and principal |   | $              | 7,000,944  |   |              | $      | 7,976,064 |   |
| Nonaccretable difference                                  |   |           | (1,368,739 | )      |              |   | (1,596,950 | ) |
|                                                      |   |           |       |   |              |   |   |   |
| Cash flows expected to be collected (1)                   |   |           | 5,632,205  |   |              |   | 6,379,114 |   |
| Accretable difference                                     |   |           | (771,549   | )      |              |   | (983,107 | ) |
|                                                      |   |           |       |   |              |   |   |   |
| Carrying value of covered loans                           |   | $              | 4,860,656  |   |              | $      | 5,396,007 |   |

| (1)   | Represents undiscounted expected principal and interest cash flows. |
|-----------------|---------------------------------------------------------------------|

|                               |   | Accretable Yield |     |
|------------------------------------|--------|------------------|----------|
|                               |   | (In thousands)   |     |
|                               |   |             |     |
| Beginning balance, January 1, 2010 |   | $                | 983,107  |   |
| Accretion                          |   |             | (3,853   | ) |
| Disposals                          |   |             | (207,705 | ) |
| Ending balance, March 31, 2010     |   | $                | 771,549  |   |

|   | • | estimate of the remaining life of acquired loans which may change the amount of future interest income |
|--------|---------|--------------------------------------------------------------------------------------------------------|

|   | • | estimate of the amount of contractually required principal and interest payments over the estimated life that will not be collected (the nonaccretable difference); and |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | indices for acquired loans with variable rates of interest. |
|--------|---------|-------------------------------------------------------------|

----

|                               |   | FDIC Indemnification Asset |      |
|------------------------------------|--------|----------------------------|-----------|
|                               |   | (In thousands)             |      |
|                               |   |                       |      |
| Beginning balance, January 1, 2010 |   | $                          | 1,091,814 |   |
| Accretion                          |   |                       | 11,468    |   |
| Reductions (1)(2)                  |   |                       | (122,332  | ) |
| Ending balance, March 31, 2010     |   | $                          | 980,950   |   |

| (1)   | Reductions relate to higher cash flows received from principal amortization, partial prepayments, loan payoffs, and loan sales. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The reduction amount of $122.3 million also includes chargeoffs, of which $61.9 million is recoverable from the FDIC and recorded in other assets. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.   | ALLOWANCE FOR LOAN LOSSES |
|----------------|---------------------------|

|                                                                                 |   | Three Months Ended March 31, |      |
|--------------------------------------------------------------------------------------|--------|------------------------------|-----------|
|                                                                                 |   | 2010                         |      |   | 2009 |   |
|                                                                                 |   | (Dollars in thousands)       |      |
|                                                                                 |   |                         |      |   |   |   |
| Allowance balance, beginning of period                                               |   | $                            | 238,833   |   |   | $ | 178,027 |   |
| Allowance for unfunded loan commitments and letters of credit                        |   |                         | (808      | ) |   |   | (1,008 | ) |
| Provision for loan losses                                                            |   |                         | 76,421    |   |   |   | 78,000 |   |
| Chargeoffs:                                                                          |   |                         |      |   |   |   |   |   |
| Single family real estate                                                            |   |                         | 3,538     |   |   |   | 3,853 |   |
| Multifamily real estate                                                              |   |                         | 4,963     |   |   |   | 1,746 |   |
| Commercial real estate                                                               |   |                         | 8,287     |   |   |   | 2,796 |   |
| Land                                                                                 |   |                         | 26,945    |   |   |   | 12,523 |   |
| Construction                                                                         |   |                         | 14,255    |   |   |   | 18,443 |   |
| Commercial business                                                                  |   |                         | 7,569     |   |   |   | 19,459 |   |
| Automobile                                                                           |   |                         | 96        |   |   |   | 8 |   |
| Other consumer                                                                       |   |                         | 520       |   |   |   | 1,312 |   |
| Total chargeoffs                                                                     |   |                         | 66,173    |   |   |   | 60,140 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Recoveries:                                                                          |   |                         |      |   |   |   |   |   |
| Single family real estate                                                            |   |                         | 112       |   |   |   | 21 |   |
| Multifamily real estate                                                              |   |                         | 103       |   |   |   | 122 |   |
| Commercial and industrial real estate                                                |   |                         | 86        |   |   |   | 6 |   |
| Land                                                                                 |   |                         | 117       |   |   |   | - |   |
| Construction                                                                         |   |                         | 584       |   |   |   | 119 |   |
| Commercial business                                                                  |   |                         | 1,201     |   |   |   | 281 |   |
| Automobile                                                                           |   |                         | 24        |   |   |   | 22 |   |
| Other consumer                                                                       |   |                         | 17        |   |   |   | - |   |
| Total recoveries                                                                     |   |                         | 2,244     |   |   |   | 571 |   |
| Net chargeoffs                                                                       |   |                         | 63,929    |   |   |   | 59,569 |   |
| Allowance balance, end of period                                                     |   | $                            | 250,517   |   |   | $ | 195,450 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Average non-covered loans outstanding                                                |   | $                            | 8,614,742 |   |   | $ | 8,197,173 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Total gross non-covered loans outstanding, end of period                             |   | $                            | 8,539,286 |   |   | $ | 8,064,315 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Annualized net chargeoffs to average non-covered loans                               |   |                         | 2.97      | % |   |   | 2.91 | % |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Allowance for loan losses to total gross non-covered loans,  end of period |   |                         | 2.93      | % |   |   | 2.42 | % |

----

| 8.   | PREMISES AND EQUIPMENT |
|----------------|------------------------|

|                                      |   | March 31, 2010 |    |   | December 31, 2009 |   |
|-------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                      |   | (In thousands) |    |
|                                      |   |           |    |   |              |   |
| Land                                      |   | $              | 15,545  |   |              | $      | 15,545 |   |
| Office Buildings                          |   |           | 101,768 |   |              |   | 27,923 |   |
| Leasehold improvements                    |   |           | 24,725  |   |              |   | 24,663 |   |
| Furniture, fixtures and equipment         |   |           | 46,323  |   |              |   | 39,253 |   |
| Total cost                                |   |           | 188,361 |   |              |   | 107,384 |   |
| Accumulated depreciation and amortization |   |           | (53,194 | )      |              |   | (48,285 | ) |
| Net book value                            |   | $              | 135,167 |   |              | $      | 59,099 |   |

| 9.   | GOODWILL AND OTHER INTANGIBLE ASSETS |
|----------------|--------------------------------------|

----

| Estimate For The Year Ending December 31, |   | Amount         |   |
|-------------------------------------------|--------|----------------|--------|
|                                      |   | (In thousands) |   |
|                                      |   |           |   |
| 2010                                      |   | $              | 9,675  |   |
| 2011                                      |   |           | 11,959 |   |
| 2012                                      |   |           | 10,563 |   |
| 2013                                      |   |           | 9,047  |   |
| 2014                                      |   |           | 8,162  |   |

| 10.   | COMMITMENTS AND CONTINGENCIES |
|-----------------|-------------------------------|

----

| 11.   | STOCKHOLDERS’ EQUITY |
|-----------------|----------------------------|

| ·   | an aggregate of 335,047 shares of our Series C Preferred Stock, each share of which automatically converted into 110.74197 shares of our common stock (an aggregate of 37,103,734 shares of our common stock) at a per common share conversion price of $9.03, as adjusted in accordance with the terms of the Series C Preferred Stock; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | an aggregate of 18,247,012 shares of our common stock. |
|--------------------|--------------------------------------------------------|

----

|                                                                                    |   | Three Months Ended March 31,          |   |
|-----------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                    |   | 2010                                  |   |   | 2009 |   |
|                                                                                    |   | Net income available to               |   |   | Number of Weighted |   |   | Per Share |   |   | Net loss available to |   |   | Number of Weighted |   |   | Per Share |   |
|                                                                                    |   | common stockholders                   |   |   | Average Shares |   |   | Amounts |   |   | common stockholders |   |   | Average Shares |   |   | Amounts |   |
|                                                                                    |   | (In thousands, except per share data) |   |
| Basic EPS                                                                               |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) as reported                                                           |   | $                                     | 24,916 |   |   |   |   |   |   |   |   | $ | (22,466 | ) |   |   |   |   |   |   |
| Less: Preferred stock dividends and  amortization of preferred stock discount |   |                                  | (6,138 | ) |   |   |   |   |   |   |   |   | (8,743 | ) |   |   |   |   |   |   |
| Basic earnings (loss) per share                                                         |   | $                                     | 18,778 |   |   |   | 109,961 |   |   | $ | 0.17 |   |   | $ | (31,209 | ) |   |   | 62,998 |   |   | $ | (0.50 | ) |
|                                                                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted EPS                                                                             |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of dilutive securities:                                                          |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock options                                                                           |   |                                  | -      |   |   |   | 170 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
| Restricted stock                                                                        |   |                                  | 3      |   |   |   | 332 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
| Stock warrants                                                                          |   |                                  | -      |   |   |   | 163 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
| Convertible Preferred Stock                                                             |   |                                  | -      |   |   |   | 36,239 |   |   |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |
| Diluted earnings (loss) per share                                                       |   | $                                     | 18,781 |   |   |   | 146,865 |   |   | $ | 0.13 |   |   | $ | (31,209 | ) |   |   | 62,998 |   |   | $ | (0.50 | ) |

----

|                        |   | Three Months Ended March 31, |   |
|-----------------------------|--------|------------------------------|--------|
|                        |   | 2010                         |   |   | 2009 |   |
|                        |   | (In thousands)               |   |
|                        |   |                         |   |   |   |   |
| Convertible preferred stock |   |                         | 5,573  |   |   |   | 12,772 |   |
| Stock options               |   |                         | 1,067  |   |   |   | 2,570 |   |
| Restricted stock            |   |                         | 503    |   |   |   | 779 |   |

| 12.   | BUSINESS SEGMENTS |
|-----------------|-------------------|

----

|                                     |   | Three Months Ended March 31, 2010 |      |
|------------------------------------------|--------|-----------------------------------|-----------|
|                                     |   | Retail                            |      |   | Commercial |   |   |   |   |   |   |   |
|                                     |   | Banking                           |      |   | Banking |   |   | Other |   |   | Total |   |
|                                     |   | (In thousands)                    |      |
|                                     |   |                              |      |   |   |   |   |   |   |   |   |   |
| Interest income                          |   | $                                 | 90,061    |   |   | $ | 202,001 |   |   | $ | 26,641 |   |   | $ | 318,703 |   |
| Charge for funds used                    |   |                              | (29,672   | ) |   |   | (29,587 | ) |   |   | (8,218 | ) |   |   | (67,477 | ) |
| Interest spread on funds used            |   |                              | 60,389    |   |   |   | 172,414 |   |   |   | 18,423 |   |   |   | 251,226 |   |
| Interest expense                         |   |                              | (33,278   | ) |   |   | (7,725 | ) |   |   | (15,976 | ) |   |   | (56,979 | ) |
| Credit on funds provided                 |   |                              | 57,009    |   |   |   | 4,981 |   |   |   | 5,487 |   |   |   | 67,477 |   |
| Interest spread on funds provided        |   |                              | 23,731    |   |   |   | (2,744 | ) |   |   | (10,489 | ) |   |   | 10,498 |   |
| Net interest income (expense)            |   | $                                 | 84,120    |   |   | $ | 169,670 |   |   | $ | 7,934 |   |   | $ | 261,724 |   |
|                                     |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for loan losses                |   | $                                 | 26,106    |   |   | $ | 50,315 |   |   | $ | - |   |   | $ | 76,421 |   |
| Depreciation, amortization and accretion |   |                              | (9,967    | ) |   |   | (28,578 | ) |   |   | 7,143 |   |   |   | (31,402 | ) |
| Goodwill                                 |   |                              | 320,566   |   |   |   | 16,872 |   |   |   | - |   |   |   | 337,438 |   |
| Segment pretax (loss) profit             |   |                              | (9,483    | ) |   |   | 37,839 |   |   |   | 9,586 |   |   |   | 37,942 |   |
| Segment assets                           |   |                              | 7,185,523 |   |   |   | 9,325,858 |   |   |   | 3,787,795 |   |   |   | 20,299,176 |   |
|                                     |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   | Three Months Ended March 31, 2009 |      |
|                                     |   | Retail                            |      |   | Commercial |   |   |   |   |   |   |   |   |   |
|                                     |   | Banking                           |      |   | Banking |   |   | Other |   |   | Total |   |
|                                     |   | (In thousands)                    |      |
|                                     |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                          |   | $                                 | 55,010    |   |   | $ | 63,059 |   |   | $ | 26,854 |   |   | $ | 144,923 |   |
| Charge for funds used                    |   |                              | (15,283   | ) |   |   | (15,030 | ) |   |   | (56,866 | ) |   |   | (87,179 | ) |
| Interest spread on funds used            |   |                              | 39,727    |   |   |   | 48,029 |   |   |   | (30,012 | ) |   |   | 57,744 |   |
| Interest expense                         |   |                              | (27,008   | ) |   |   | (4,696 | ) |   |   | (33,538 | ) |   |   | (65,242 | ) |
| Credit on funds provided                 |   |                              | 41,739    |   |   |   | 4,600 |   |   |   | 40,840 |   |   |   | 87,179 |   |
| Interest spread on funds provided        |   |                              | 14,731    |   |   |   | (96 | ) |   |   | 7,302 |   |   |   | 21,937 |   |
| Net interest income (expense)            |   | $                                 | 54,458    |   |   | $ | 47,933 |   |   | $ | (22,710 | ) |   | $ | 79,681 |   |
|                                     |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for loan losses                |   | $                                 | 34,115    |   |   | $ | 43,885 |   |   | $ | - |   |   | $ | 78,000 |   |
| Depreciation, amortization and accretion |   |                              | 3,145     |   |   |   | 881 |   |   |   | 1,780 |   |   |   | 5,806 |   |
| Goodwill                                 |   |                              | 320,566   |   |   |   | 16,872 |   |   |   | - |   |   |   | 337,438 |   |
| Segment pretax (loss) profit             |   |                              | (11,706   | ) |   |   | (6,903 | ) |   |   | (17,322 | ) |   |   | (35,931 | ) |
| Segment assets                           |   |                              | 6,489,624 |   |   |   | 4,864,092 |   |   |   | 1,210,808 |   |   |   | 12,564,524 |   |

| 13.   | BUSINESS COMBINATIONS |
|-----------------|-----------------------|

----

| 14.   | SUBSEQUENT EVENTS |
|-----------------|-------------------|

----

| ·   | fair valuation of financial instruments; |
|--------------------|------------------------------------------|

| ·   | investment securities; |
|--------------------|------------------------|

| ·   | covered loans; |
|--------------------|----------------|

| ·   | FDIC indemnification asset; |
|--------------------|-----------------------------|

| ·   | allowance for loan losses; |
|--------------------|----------------------------|

| ·   | other real estate owned; |
|--------------------|--------------------------|

| ·   | loan sales; |
|--------------------|-------------|

| ·   | goodwill impairment; |
|--------------------|----------------------|

| ·   | share-based compensation; and |
|--------------------|-------------------------------|

| ·   | income taxes and deferred tax asset valuation |
|--------------------|-----------------------------------------------|

----

----

|                                                                          |   | Three Months Ended March 31, 2010 |    |
|-------------------------------------------------------------------------------|--------|-----------------------------------|---------|
|                                                                          |   | Interest                          |    |   | Yield |   |
|                                                                          |   | (Dollars in thousands)            |    |
|                                                                          |   |                              |    |   |   |   |
| Net interest income before provision for loan losses                          |   | $                                 | 261,724 |   |   |   | 5.92 | % |
| Less yield adjustment related to:                                             |   |                              |    |   |   |   |   |   |
| Loan dispositions and recoveries on loans from  the UCB acquisition |   |                              | 81,343  |   |   |   |   |   |
| Reverse repurchase agreement termination gain                                 |   |                              | 2,536   |   |   |   |   |   |
| Total yield adjustments                                                       |   |                              | 83,879  |   |   |   |   |   |
|                                                                          |   |                              |    |   |   |   |   |   |
| Adjusted net interest income                                                  |   | $                                 | 177,845 |   |   |   | 4.02 | % |

----

|                                                                                                               |   | Three Months Ended |    |
|--------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                                               |   | March 31, 2010     |    |   | December 31, 2009 |   |   | March 31, 2009 |   |
|                                                                                                               |   | (In thousands)     |    |
|                                                                                                               |   |               |    |   |   |   |   |   |   |
| Noninterest (loss) income                                                                                          |   | $                  | (8,451  | ) |   | $ | 420,838 |   |   | $ | 13,794 |   |
| Add:                                                                                                               |   |               |    |   |   |   |   |   |   |   |   |   |
| Impairment loss on investment securities                                                                           |   |               | 4,799   |   |   |   | 45,775 |   |   |   | 200 |   |
| Decrease in FDIC indemnification asset  and receivable                                                   |   |               | 43,572  |   |   |   | 23,338 |   |   |   | - |   |
| Subtract:                                                                                                          |   |               |    |   |   |   |   |   |   |   |   |   |
| Net gain on sale of investment securities                                                                          |   |               | (16,111 | ) |   |   | (4,545 | ) |   |   | (3,521 | ) |
| Fair value purchase price adjustment  on the acquisition of  United  Commercial Bank |   |               | (8,095  | ) |   |   | (471,009 | ) |   |   | - |   |
| Adjusted noninterest income                                                                                        |   | $                  | 15,714  |   |   | $ | 14,397 |   |   | $ | 10,473 |   |

----

|                                       |   | Three Months Ended March 31, |   |
|--------------------------------------------|--------|------------------------------|--------|
|                                       |   | 2010                         |   |   | 2009 |   |
|                                       |   | (In millions)                |   |
|                                       |   |                         |   |   |   |   |
| Net interest income                        |   | $                            | 261.7  |   |   | $ | 79.7 |   |
| Provision for loan losses                  |   |                         | (76.4  | ) |   |   | (78.0 | ) |
| Noninterest (loss) income                  |   |                         | (8.5   | ) |   |   | 13.8 |   |
| Noninterest expense                        |   |                         | (138.9 | ) |   |   | (51.4 | ) |
| (Provision) benefit for income taxes       |   |                         | (13.0  | ) |   |   | 13.4 |   |
| Net income (loss)                          |   | $                            | 24.9   |   |   | $ | (22.5 | ) |
|                                       |   |                         |   |   |   |   |   |   |
| Annualized return on average total assets  |   |                         | 0.49   | % |   |   | (0.72 | )% |
| Annualized return on average total equity  |   |                         | 4.35   | % |   |   | (5.83 | )% |
| Annualized return on average common equity |   |                         | 4.71   | % |   |   | (11.69 | )% |

----

|                                                                           |   | Three Months Ended March 31, |       |
|--------------------------------------------------------------------------------|--------|------------------------------|------------|
|                                                                           |   | 2010                         |       |   | 2009 |   |
|                                                                           |   |                         |       |   |   |   |   | Average |   |   |   |   |   |   |   |   | Average |   |
|                                                                           |   | Average                      |       |   |   |   |   | Yield/ |   |   | Average |   |   |   |   |   | Yield/ |   |
|                                                                           |   | Volume                       |       |   | Interest |   |   | Rate (1) |   |   | Volume |   |   | Interest |   |   | Rate (1) |   |
|                                                                           |   | (In thousands)               |       |
| ASSETS                                                                         |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                                       |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Short-term investments and interest bearing  deposits in other banks |   | $                            | 1,289,964  |   |   | $ | 3,541 |   |   |   | 1.11 | % |   | $ | 731,573 |   |   | $ | 2,976 |   |   |   | 1.65 | % |
| Securities purchased under resale agreements                                   |   |                         | 259,319    |   |   |   | 6,263 |   |   |   | 9.66 | % |   |   | 50,000 |   |   |   | 1,250 |   |   |   | 10.00 | % |
| Investment securities held-to-maturity:                                        |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                                        |   |                         | -          |   |   |   | - |   |   |   | 0.00 | % |   |   | 405,851 |   |   |   | 6,695 |   |   |   | 6.60 | % |
| Tax-exempt (2)(3)                                                              |   |                         | -          |   |   |   | - |   |   |   | 0.00 | % |   |   | 16,642 |   |   |   | 277 |   |   |   | 6.66 | % |
| Investment securities available-for-sale:                                      |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                                        |   |                         | 2,181,248  |   |   |   | 20,147 |   |   |   | 3.75 | % |   |   | 2,277,426 |   |   |   | 22,493 |   |   |   | 4.01 | % |
| Tax-exempt (2)(3)                                                              |   |                         | 4,627      |   |   |   | 43 |   |   |   | 3.72 | % |   |   | 3,340 |   |   |   | - |   |   |   | 0.00 | % |
| Loans receivable                                                               |   |                         | 8,614,742  |   |   |   | 122,028 |   |   |   | 5.74 | % |   |   | 8,197,173 |   |   |   | 110,816 |   |   |   | 5.48 | % |
| Loans receivable - covered                                                     |   |                         | 5,369,328  |   |   |   | 165,916 |   |   |   | 12.53 | % |   |   | - |   |   |   | - |   |   |   | - |   |
| FHLB and FRB stock                                                             |   |                         | 221,705    |   |   |   | 779 |   |   |   | 1.41 | % |   |   | 120,040 |   |   |   | 506 |   |   |   | 1.69 | % |
| Total interest-earning assets                                                  |   |                         | 17,940,933 |   |   | $ | 318,717 |   |   |   | 7.20 | % |   |   | 11,802,045 |   |   | $ | 145,013 |   |   |   | 4.98 | % |
|                                                                           |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-earning assets:                                                    |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                                        |   |                         | 324,655    |   |   |   |   |   |   |   |   |   |   |   | 122,899 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses                                                      |   |                         | (253,482   | ) |   |   |   |   |   |   |   |   |   |   | (186,058 | ) |   |   |   |   |   |   |   |   |
| Other assets                                                                   |   |                         | 2,386,611  |   |   |   |   |   |   |   |   |   |   |   | 759,363 |   |   |   |   |   |   |   |   |   |
| Total assets                                                                   |   | $                            | 20,398,717 |   |   |   |   |   |   |   |   |   |   | $ | 12,498,249 |   |   |   |   |   |   |   |   |   |
|                                                                           |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                           |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                                  |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Checking accounts                                                              |   | $                            | 636,039    |   |   | $ | 614 |   |   |   | 0.39 | % |   | $ | 361,569 |   |   | $ | 393 |   |   |   | 0.44 | % |
| Money market accounts                                                          |   |                         | 3,464,234  |   |   |   | 7,966 |   |   |   | 0.93 | % |   |   | 1,487,178 |   |   |   | 5,694 |   |   |   | 1.55 | % |
| Savings deposits                                                               |   |                         | 992,186    |   |   |   | 1,142 |   |   |   | 0.47 | % |   |   | 410,232 |   |   |   | 702 |   |   |   | 0.69 | % |
| Time deposits                                                                  |   |                         | 7,315,789  |   |   |   | 23,726 |   |   |   | 1.32 | % |   |   | 4,815,018 |   |   |   | 30,284 |   |   |   | 2.55 | % |
| FHLB advances                                                                  |   |                         | 2,035,825  |   |   |   | 9,005 |   |   |   | 1.79 | % |   |   | 1,285,070 |   |   |   | 13,877 |   |   |   | 4.38 | % |
| Securities sold under repurchase agreements                                    |   |                         | 1,028,698  |   |   |   | 12,541 |   |   |   | 4.88 | % |   |   | 998,583 |   |   |   | 11,872 |   |   |   | 4.76 | % |
| Subordinated debt and trust preferred securities                               |   |                         | 235,570    |   |   |   | 1,547 |   |   |   | 2.63 | % |   |   | 235,570 |   |   |   | 2,417 |   |   |   | 4.10 | % |
| Other borrowings                                                               |   |                         | 54,827     |   |   |   | 438 |   |   |   | 3.20 | % |   |   | 2,445 |   |   |   | 3 |   |   |   | 0.49 | % |
| Total interest-bearing liabilities                                             |   |                         | 15,763,168 |   |   | $ | 56,979 |   |   |   | 1.47 | % |   |   | 9,595,665 |   |   | $ | 65,242 |   |   |   | 2.76 | % |
|                                                                           |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing liabilities:                                               |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                                                |   |                         | 2,222,104  |   |   |   |   |   |   |   |   |   |   |   | 1,238,551 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                                              |   |                         | 119,733    |   |   |   |   |   |   |   |   |   |   |   | 123,085 |   |   |   |   |   |   |   |   |   |
| Stockholders' equity                                                           |   |                         | 2,293,712  |   |   |   |   |   |   |   |   |   |   |   | 1,540,948 |   |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' equity                                     |   | $                            | 20,398,717 |   |   |   |   |   |   |   |   |   |   | $ | 12,498,249 |   |   |   |   |   |   |   |   |   |
| Interest rate spread                                                           |   |                         |       |   |   |   |   |   |   |   | 5.73 | % |   |   |   |   |   |   |   |   |   |   | 2.22 | % |
|                                                                           |   |                         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income and net interest margin                                    |   |                         |       |   |   | $ | 261,738 |   |   |   | 5.92 | % |   |   |   |   |   | $ | 79,771 |   |   |   | 2.74 | % |

| (1)   | Annualized. |
|-----------------|-------------|

| (2)   | Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (3)   | Total interest income and average yield rate on an unadjusted basis for tax-exempt investment securities available-for-sale is $29 thousand and 2.51% for the three months ended March 31, 2010. Total interest income and average yield rate on an unadjusted basis for tax-exempt investment securities held-to-maturity is $187 thousand and 4.49% for the three months ended March 31, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                           |   | Three Months Ended March 31, |    |
|--------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                           |   | 2010 vs. 2009                |    |
|                                                                           |   | Total                        |    |   | Changes Due to |   |
|                                                                           |   | Change                       |    |   | Volume (1) |   |   | Rates (1) |   |
|                                                                           |   | (In thousands)               |    |
| INTEREST-EARNING ASSETS                                                        |   |                         |    |   |   |   |   |   |   |
| Short-term investments and interest bearing  deposits in other banks |   | $                            | 565     |   |   | $ | 1,754 |   |   | $ | (1,189 | ) |
| Securities purchased under resale agreements                                   |   |                         | 5,013   |   |   |   | 5,057 |   |   |   | (44 | ) |
| Investment securities held-to-maturity:                                        |   |                         |    |   |   |   |   |   |   |   |   |   |
| Taxable                                                                        |   |                         | (6,695  | ) |   |   | (6,695 | ) |   |   | - |   |
| Tax-exempt (2)                                                                 |   |                         | (277    | ) |   |   | (277 | ) |   |   | - |   |
| Investment securities available-for-sale:                                      |   |                         |    |   |   |   |   |   |   |   |   |   |
| Taxable                                                                        |   |                         | (2,346  | ) |   |   | (926 | ) |   |   | (1,420 | ) |
| Tax-exempt (2)                                                                 |   |                         | 43      |   |   |   | 43 |   |   |   | - |   |
| Loans receivable                                                               |   |                         | 11,212  |   |   |   | 5,784 |   |   |   | 5,428 |   |
| Loans receivable - covered                                                     |   |                         | 165,916 |   |   |   | 165,916 |   |   |   | - |   |
| FHLB and FRB stock                                                             |   |                         | 273     |   |   |   | 369 |   |   |   | (96 | ) |
| Total interest and dividend income                                             |   |                         | 173,704 |   |   |   | 171,025 |   |   |   | 2,679 |   |
|                                                                           |   |                         |    |   |   |   |   |   |   |   |   |   |
| INTEREST-BEARING  LIABILITIES                                        |   |                         |    |   |   |   |   |   |   |   |   |   |
| Checking accounts                                                              |   |                         | 221     |   |   |   | 269 |   |   |   | (48 | ) |
| Money market accounts                                                          |   |                         | 2,272   |   |   |   | 5,245 |   |   |   | (2,973 | ) |
| Savings deposits                                                               |   |                         | 440     |   |   |   | 731 |   |   |   | (291 | ) |
| Time deposits                                                                  |   |                         | (6,558  | ) |   |   | 11,787 |   |   |   | (18,345 | ) |
| Federal funds purchased                                                        |   |                         | (3      | ) |   |   | (1 | ) |   |   | (2 | ) |
| FHLB advances                                                                  |   |                         | (4,872  | ) |   |   | 5,727 |   |   |   | (10,599 | ) |
| Securities sold under repurchase agreements                                    |   |                         | 669     |   |   |   | 363 |   |   |   | 306 |   |
| Subordinated debt and trust preferred securities                               |   |                         | (870    | ) |   |   | - |   |   |   | (870 | ) |
| Other borrowings                                                               |   |                         | 438     |   |   |   | 438 |   |   |   | - |   |
| Total interest expense                                                         |   |                         | (8,263  | ) |   |   | 24,559 |   |   |   | (32,822 | ) |
|                                                                           |   |                         |    |   |   |   |   |   |   |   |   |   |
| CHANGE IN NET INTEREST INCOME                                                  |   | $                            | 181,967 |   |   | $ | 146,466 |   |   | $ | 35,501 |   |

----

|                                                                                                               |   | Three Months Ended March 31, |   |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|
|                                                                                                               |   | 2010                         |   |   | 2009 |   |
|                                                                                                               |   | (In millions)                |   |
|                                                                                                               |   |                         |   |   |   |   |
| Decrease in FDIC indemnification asset and receivable                                                              |   | $                            | (43.6  | ) |   | $ | - |   |
| Impairment loss on investment securities                                                                           |   |                         | (4.8   | ) |   |   | (0.2 | ) |
| Net gain on sale of  investment securities                                                               |   |                         | 16.1   |   |   |   | 3.5 |   |
| Branch fees                                                                                                        |   |                         | 8.8    |   |   |   | 4.8 |   |
| Gain related to the fair value of  investments from the acquisition of  United Commercial Bank |   |                         | 8.1    |   |   |   | - |   |
| Letters of credit fees and commissions                                                                             |   |                         | 2.7    |   |   |   | 1.9 |   |
| Ancillary loan fees                                                                                                |   |                         | 1.7    |   |   |   | 2.2 |   |
| Income from life insurance policies                                                                                |   |                         | 1.1    |   |   |   | 1.1 |   |
| Other operating income                                                                                             |   |                         | 1.4    |   |   |   | 0.5 |   |
|    Total noninterest (loss) income                                                                  |   | $                            | (8.5   | ) |   | $ | 13.8 |   |

----

|                                                                    |   | Three Months Ended March 31, |   |
|-------------------------------------------------------------------------|--------|------------------------------|--------|
|                                                                    |   | 2010                         |   |   | 2009 |   |
|                                                                    |   | (In millions)                |   |
|                                                                    |   |                         |   |   |   |   |
| Compensation and employee benefits                                      |   | $                            | 50.8   |   |   | $ | 17.1 |   |
| Other real estate owned expense                                         |   |                         | 18.0   |   |   |   | 7.0 |   |
| Occupancy and equipment expense                                         |   |                         | 11.9   |   |   |   | 7.4 |   |
| Deposit insurance premiums and regulatory assessments                   |   |                         | 11.6   |   |   |   | 3.3 |   |
| Prepayment penalty for FHLB advances                                    |   |                         | 9.9    |   |   |   | - |   |
| Amortization and impairment writedowns of premiums on deposits acquired |   |                         | 3.4    |   |   |   | 1.1 |   |
| Amortization of investments in affordable housing partnerships          |   |                         | 3.0    |   |   |   | 1.8 |   |
| Loan related expenses                                                   |   |                         | 3.0    |   |   |   | 1.4 |   |
| Legal expense                                                           |   |                         | 2.9    |   |   |   | 1.8 |   |
| Data processing                                                         |   |                         | 2.5    |   |   |   | 1.2 |   |
| Consulting expense                                                      |   |                         | 2.2    |   |   |   | 0.4 |   |
| Deposit-related expenses                                                |   |                         | 1.0    |   |   |   | 0.9 |   |
| Other operating expenses                                                |   |                         | 18.7   |   |   |   | 8.0 |   |
|    Total noninterest expense                             |   | $                            | 138.9  |   |   | $ | 51.4 |   |
|                                                                    |   |                         |   |   |   |   |   |   |
| Efficiency ratio (1)                                                    |   |                         | 58.45  | % |   |   | 51.80 | % |

| (1)   | Represents noninterest expense, excluding the amortization and/or impairment losses of intangibles, amortization of investments in affordable housing partnerships, and prepayment penalty for FHLB advances, divided by the aggregate of net interest income before provision for loan losses and noninterest income, excluding impairment loss on investment securities. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

----

|                                                                                                   |   |           |      |   | Gross      |   |   | Gross      |   |   | Estimated |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|------------|--------|--------|------------|--------|--------|-----------|--------|
|                                                                                                   |   | Amortized      |      |   | Unrealized |   |   | Unrealized |   |   | Fair      |   |
|                                                                                                   |   | Cost           |      |   | Gains      |   |   | Losses     |   |   | Value     |   |
|                                                                                                   |   | (In thousands) |      |
| As of March 31, 2010                                                                                   |   |           |      |   |       |   |   |       |   |   |      |   |
| Available-for-sale                                                                                     |   |           |      |   |       |   |   |       |   |   |      |   |
| U.S. Treasury securities                                                                               |   | $              | 53,979    |   |       | $      | 31     |       |   | $      | (58       | )      |   | $ | 53,952 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |           | 1,069,066 |   |       |   | 1,477  |       |   |   | (4,102    | )      |   |   | 1,066,441 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |           | 25,241    |   |       |   | 860    |       |   |   | -         |   |   |   | 26,101 |   |
| Residential mortgage-backed securities                                                                 |   |           | 660,167   |   |       |   | 18,214 |       |   |   | (54       | )      |   |   | 678,327 |   |
| Municipal securities                                                                                   |   |           | 5,511     |   |       |   | 12     |       |   |   | -         |   |   |   | 5,523 |   |
| Other residential mortgage-backed securities,  non-investment grade                          |   |           | 21,330    |   |       |   | -      |       |   |   | (9,127    | )      |   |   | 12,203 |   |
| Corporate debt securities:                                                                             |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 308,315   |   |       |   | 9,558  |       |   |   | (829      | )      |   |   | 317,044 |   |
| Non-investment grade (1)                                                                               |   |           | 37,770    |   |       |   | 18     |       |   |   | (12,185   | )      |   |   | 25,603 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |           | 1,998     |   |       |   | 71     |       |   |   | (241      | )      |   |   | 1,828 |   |
| Other securities                                                                                       |   |           | 4,505     |   |       |   | -      |       |   |   | -         |   |   |   | 4,505 |   |
| Total investment securities available-for-sale                                                         |   | $              | 2,187,882 |   |       | $      | 30,241 |       |   | $      | (26,596   | )      |   | $ | 2,191,527 |   |
|                                                                                                   |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| As of December 31, 2009                                                                                |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Available-for-sale                                                                                     |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| U.S. Treasury securities                                                                               |   | $              | 304,105   |   |       | $      | 8      |       |   | $      | (641      | )      |   | $ | 303,472 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |   |           | 841,953   |   |       |   | 507    |       |   |   | (10,435   | )      |   |   | 832,025 |   |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |   |           | 25,503    |   |       |   | 852    |       |   |   | -         |   |   |   | 26,355 |   |
| Residential mortgage-backed securities                                                                 |   |           | 707,290   |   |       |   | 17,863 |       |   |   | (805      | )      |   |   | 724,348 |   |
| Municipal securities                                                                                   |   |           | 59,264    |   |       |   | 1,027  |       |   |   | (98       | )      |   |   | 60,193 |   |
| Other residential mortgage-backed securities:                                                          |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 95,181    |   |       |   | 827    |       |   |   | (492      | )      |   |   | 95,516 |   |
| Non-investment grade                                                                                   |   |           | 50,843    |   |       |   | 368    |       |   |   | (9,601    | )      |   |   | 41,610 |   |
| Corporate debt securities:                                                                             |   |           |      |   |       |   |   |       |   |   |      |   |   |   |   |   |
| Investment grade                                                                                       |   |           | 441,606   |   |       |   | 20,428 |       |   |   | (1,138    | )      |   |   | 460,896 |   |
| Non-investment grade (1)                                                                               |   |           | 26,277    |   |       |   | -      |       |   |   | (17,416   | )      |   |   | 8,861 |   |
| U.S. Government sponsored enterprise equity securities                                                 |   |           | 1,998     |   |       |   | -      |       |   |   | (216      | )      |   |   | 1,782 |   |
| Other securities                                                                                       |   |           | 9,023     |   |       |   | -      |       |   |   | -         |   |   |   | 9,023 |   |
| Total investment securities available-for-sale                                                         |   | $              | 2,563,043 |   |       | $      | 41,880 |       |   | $      | (40,842   | )      |   | $ | 2,564,081 |   |

| (1)   | For the three months ended march 31, 2010, the Company recorded through earnings $4.8 million in additional increases to the amount related to the credit loss for which an other-than-temporary impairment was previously recognized. The Company recorded $107.7 million, on a pre-tax basis, of the credit portion of OTTI through earnings and $8.2 million, net of tax, of the non-credit portion of OTTI for pooled trust preferred securities in other comprehensive income for the year ended December 31, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                   |          |                   |      |   |       |    | After One |       |   | After Five |      |   |    |          |   |   |    |   |   |    |   |   |   |    |
|--------------------------------------------------------------------------------------------------------|---------------|------------------------|-----------|--------|------------|---------|-----------|------------|--------|------------|-----------|--------|---------|---------------|--------|--------|---------|--------|--------|---------|--------|--------|--------|---------|
|                                                                                                   |          | Within                 |      |   | But Within |    |      | But Within |   |       | After     |   |    | Indeterminate |   |   |    |   |   |    |
|                                                                                                   |          | One Year               |      |   | Five Years |    |      | Ten Years  |   |       | Ten Years |   |    | Maturity      |   |   | Total   |   |
|                                                                                                   |          | Amount                 |      | Yield  |       |    | Amount    |       | Yield  |       |      | Amount |    | Yield         |   |   | Amount  |   | Yield  |    |   | Amount |   | Yield   |   |   | Amount |   | Yield |   |
|                                                                                                   |          | (Dollars in thousands) |      |
| As of March 31, 2010                                                                                   |          |                   |      |   |       |    |      |       |   |       |      |   |    |          |   |   |    |   |   |    |   |   |   |    |   |   |   |   |   |   |
| Available-for-sale                                                                                     |          |                   |      |   |       |    |      |       |   |       |      |   |    |          |   |   |    |   |   |    |   |   |   |    |   |   |   |   |   |   |
| U.S. Treasury securities                                                                               |          | $                      | 34,194    |   |       | 0.43    | %         |       | $      | 19,758     |      |   | 2.11    | %             |   | $      | -       |   |   | -       |   |   | $      | -       |   |   | - |   |   | $ | - |   |   | - |   |   | $ | 53,952 |   |   | 1.05 | % |
| U.S. Government agency and U.S. Government  sponsored enterprise debt securities             |          |                   | 942,110   |   |       | 2.22    | %         |       |   | 80,260     |      |   | 1.49    | %             |   |   | -       |   |   | -       |   |   |   | 44,071  |   |   | 2.80 | % |   |   | - |   |   | - |   |   |   | 1,066,441 |   |   | 2.19 | % |
| U.S. Government agency and U.S. Government  sponsored enterprise mortgage-backed securities: |          |                   |      |   |       |    |      |       |   |       |      |   |    |          |   |   |    |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial mortgage-backed securities                                                                  |          |                   | -         |   |       | -       |      |       |   | 2,702      |      |   | 5.75    | %             |   |   | 8,372   |   |   | 4.08    | %      |   |   | 15,027  |   |   | 4.38 | % |   |   | - |   |   | - |   |   |   | 26,101 |   |   | 4.42 | % |
| Residential mortgage-backed securities                                                                 |          |                   | 9,276     |   |       | 0.00    | %         |       |   | -          |      |   | -       |          |   |   | 47,867  |   |   | 4.96    | %      |   |   | 621,184 |   |   | 5.09 | % |   |   | - |   |   | - |   |   |   | 678,327 |   |   | 5.09 | % |
| Municipal securities                                                                                   |          |                   | 3,010     |   |       | 2.49    | %         |       |   | 2,513      |      |   | 1.20    | %             |   |   | -       |   |   | -       |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   | 5,523 |   |   | 1.90 | % |
| Other residential mortgage-backed securities:                                                          |          |                   |      |   |       |    |      |       |   |       |      |   |    |          |   |   |    |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                       |          |                   | -         |   |       | -       |      |       |   | -          |      |   | -       |          |   |   | -       |   |   | -       |   |   |   | -       |   |   | - |   |   |   | - |   |   | - |   |   |   | - |   |   | - |   |
| Non-investment grade                                                                                   |          |                   | -         |   |       | -       |      |       |   | -          |      |   | -       |          |   |   | -       |   |   | -       |   |   |   | 12,203  |   |   | 6.39 | % |   |   | - |   |   | - |   |   |   | 12,203 |   |   | 6.39 | % |
| Corporate debt securities:                                                                             |          |                   |      |   |       |    |      |       |   |       |      |   |    |          |   |   |    |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment grade                                                                                       |          |                   | 175,740   |   |       | 4.96    | %         |       |   | 129,918    |      |   | 4.14    | %             |   |   | 9,946   |   |   | 4.00    | %      |   |   | 1,440   |   |   | 1.21 | % |   |   | - |   |   | - |   |   |   | 317,044 |   |   | 4.57 | % |
| Non-investment grade                                                                                   |          |                   | 8,358     |   |       | 5.59    | %         |       |   | 2,097      |      |   | 9.97    | %             |   |   | -       |   |   | -       |   |   |   | 15,148  |   |   | 3.54 | % |   |   | - |   |   | - |   |   |   | 25,603 |   |   | 4.69 | % |
| U.S. Government sponsored enterprise equity securities                                                 |     |                   | -         |   |       | -  |      |       |   | -     |      |   | -  |          |   |   | -  |   |   | -  |   |   |   | -  |   |   | -  |   |   |   | 1,828 |   |   | 0.00 | % |   |   | 1,828 |   |   | 0.00 | % |
| Other securities                                                                                       |          |                   | 2,574     |   |       | 0.00    | %         |       |   | 1,931      |      |   | 0.00    | %             |   |   | -       |   |   | -       |   |   |   | -       |   |   | - |   |   |   | - |   |   | - |   |   |   | 4,505 |   |   | 0.00 | % |
| Total investment securities available-for-sale                                                         |          | $                      | 1,175,262 |   |       |    |      |       | $      | 239,179    |      |   |    |          |   | $      | 66,185  |   |   |    |   |   | $      | 709,073 |   |   |   |   |   | $ | 1,828 |   |   |   |   |   | $ | 2,191,527 |   |   |   |   |

----

----

|                                  |   | Credit Impaired |       |   | Other Loans |   |      | Total  |   |
|---------------------------------------|--------|-----------------|------------|--------|-------------|--------|-----------|--------|--------|
|                                  |   | (In thousands)  |       |
| As of March 31, 2010                  |   |            |       |   |        |   |      |   |   |
| Real estate loans                     |   |            |       |   |        |   |      |   |   |
| Residential single family             |   | $               | 20,573     |   |        | $      | 596,512   |   |   | $ | 617,085 |   |
| Residential multifamily               |   |            | 141,952    |   |        |   | 993,575   |   |   |   | 1,135,527 |   |
| Commercial and industrial real estate |   |            | 822,512    |   |        |   | 1,393,692 |   |   |   | 2,216,204 |   |
| Construction and land                 |   |            | 1,099,559  |   |        |   | 152,552   |   |   |   | 1,252,111 |   |
| Total real estate                     |   |            | 2,084,596  |   |        |   | 3,136,331 |   |   |   | 5,220,927 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Other loans:                          |   |            |       |   |        |   |      |   |   |   |   |   |
| Commercial business                   |   |            | 460,905    |   |        |   | 441,458   |   |   |   | 902,363 |   |
| Other consumer                        |   |            | 384        |   |        |   | 93,509    |   |   |   | 93,893 |   |
| Total other loans                     |   |            | 461,289    |   |        |   | 534,967   |   |   |   | 996,256 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Total principal balance               |   |            | 2,545,885  |   |        |   | 3,671,298 |   |   |   | 6,217,183 |   |
| Covered discount                      |   |            | (926,185   | )      |        |   | (430,342  | )      |   |   | (1,356,527 | ) |
| Net valuation of loans                |   |            | 1,619,700  |   |        |   | 3,240,956 |   |   |   | 4,860,656 |   |
| Subsequent acquisition loan advances  |   |            | -          |   |        |   | 360,065   |   |   |   | 360,065 |   |
| Total covered loans                   |   | $               | 1,619,700  |   |        | $      | 3,601,021 |   |   | $ | 5,220,721 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| As of December 31, 2009               |   |            |       |   |        |   |      |   |   |   |   |   |
| Real estate loans                     |   |            |       |   |        |   |      |   |   |   |   |   |
| Residential single family             |   | $               | 22,325     |   |        | $      | 621,742   |   |   | $ | 644,067 |   |
| Residential multifamily               |   |            | 158,452    |   |        |   | 1,010,413 |   |   |   | 1,168,865 |   |
| Commercial and industrial real estate |   |            | 900,165    |   |        |   | 1,515,284 |   |   |   | 2,415,449 |   |
| Construction and land                 |   |            | 1,236,228  |   |        |   | 155,500   |   |   |   | 1,391,728 |   |
| Total real estate                     |   |            | 2,317,170  |   |        |   | 3,302,939 |   |   |   | 5,620,109 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Other loans:                          |   |            |       |   |        |   |      |   |   |   |   |   |
| Commercial business                   |   |            | 603,507    |   |        |   | 580,260   |   |   |   | 1,183,767 |   |
| Other consumer                        |   |            | 422        |   |        |   | 100,377   |   |   |   | 100,799 |   |
| Total other loans                     |   |            | 603,929    |   |        |   | 680,637   |   |   |   | 1,284,566 |   |
|                                  |   |            |       |   |        |   |      |   |   |   |   |   |
| Total principal balance               |   |            | 2,921,099  |   |        |   | 3,983,576 |   |   |   | 6,904,675 |   |
| Covered discount                      |   |            | (1,033,720 | )      |        |   | (474,948  | )      |   |   | (1,508,668 | ) |
| Net valuation of loans                |   |            | 1,887,379  |   |        |   | 3,508,628 |   |   |   | 5,396,007 |   |
| Subsequent acquisition loan advances  |   |            | -          |   |        |   | 202,148   |   |   |   | 202,148 |   |
| Total covered loans                   |   | $               | 1,887,379  |   |        | $      | 3,710,776 |   |   | $ | 5,598,155 |   |

|                                                         |   | March 31,              |    |   | December 31, |   |
|--------------------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                                         |   | 2010                   |    |   | 2009         |   |
|                                                         |   | (Dollars in thousands) |    |
|                                                         |   |                   |    |   |         |   |
| Covered nonaccrual loans                                     |   | $                      | 574,672 |   |         | $      | 675,625 |   |
| Covered loans past due 90 days or more but not on nonaccrual |   |                   | -       |   |         |   | - |   |
| Total nonperforming loans                                    |   |                   | 574,672 |   |         |   | 675,625 |   |
|                                                         |   |                   |    |   |         |   |   |   |
| Other real estate owned covered, net                         |   |                   | 78,354  |   |         |   | 44,273 |   |
| Total covered nonperforming assets                           |   | $                      | 653,026 |   |         | $      | 719,898 |   |

----

|                                                      |   | March 31, 2010 |       |   | December 31, 2009 |   |
|-----------------------------------------------------------|--------|----------------|------------|--------|-------------------|--------|
|                                                      |   | (In thousands) |       |
|                                                      |   |           |       |   |              |   |
| Contractually required payments of interest and principal |   | $              | 7,000,944  |   |              | $      | 7,976,064 |   |
| Nonaccretable difference                                  |   |           | (1,368,739 | )      |              |   | (1,596,950 | ) |
|                                                      |   |           |       |   |              |   |   |   |
| Cash flows expected to be collected (1)                   |   |           | 5,632,205  |   |              |   | 6,379,114 |   |
| Accretable difference                                     |   |           | (771,549   | )      |              |   | (983,107 | ) |
|                                                      |   |           |       |   |              |   |   |   |
| Carrying value of covered loans                           |   | $              | 4,860,656  |   |              | $      | 5,396,007 |   |

| (1)   | Represents undiscounted expected principal and interest cash flows. |
|-----------------|---------------------------------------------------------------------|

|                               |   | Accretable Yield |     |
|------------------------------------|--------|------------------|----------|
|                               |   | (In thousands)   |     |
|                               |   |             |     |
| Beginning balance, January 1, 2010 |   | $                | 983,107  |   |
| Accretion                          |   |             | (3,853   | ) |
| Disposals                          |   |             | (207,705 | ) |
| Ending balance, March 31, 2010     |   | $                | 771,549  |   |

| ·   | estimate of the remaining life of acquired loans which may change the amount of future interest income; |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | estimate of the amount of contractually required principal and interest payments over the estimated life that will not be collected (the nonaccretable difference); and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | indices for acquired loans with variable rates of interest. |
|--------------------|-------------------------------------------------------------|

----

|                                                              |   | March 31, 2010         |      |   | December 31, 2009 |   |
|-------------------------------------------------------------------|--------|------------------------|-----------|--------|-------------------|--------|
|                                                              |   | Amount                 |      |   | Percent           |   |   | Amount |   |   | Percent |   |
|                                                              |   | (Dollars in thousands) |      |
| Real estate loans:                                                |   |                   |      |
| Residential single family                                         |   | $                      | 961,397   |   |              |   | 11.3 | % |   | $ | 930,392 |   |   |   | 10.9 | % |
| Residential multifamily                                           |   |                   | 997,325   |   |              |   | 11.7 | % |   |   | 1,022,383 |   |   |   | 12.0 | % |
| Commercial and  industrial real estate,  land |   |                   | 3,889,883 |   |              |   | 45.5 | % |   |   | 3,964,622 |   |   |   | 46.6 | % |
| Construction                                                      |   |                   | 415,247   |   |              |   | 4.9 | % |   |   | 455,142 |   |   |   | 5.4 | % |
| Total real estate loans                                           |   |                   | 6,263,852 |   |              |   | 73.4 | % |   |   | 6,372,539 |   |   |   | 74.9 | % |
|                                                              |   |                   |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Other loans:                                                      |   |                   |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Commercial business                                               |   |                   | 1,237,061 |   |              |   | 14.5 | % |   |   | 1,283,182 |   |   |   | 15.1 | % |
| Trade finance                                                     |   |                   | 207,656   |   |              |   | 2.4 | % |   |   | 220,528 |   |   |   | 2.6 | % |
| Automobile                                                        |   |                   | 6,055     |   |              |   | 0.1 | % |   |   | 6,817 |   |   |   | 0.1 | % |
| Other consumer                                                    |   |                   | 824,662   |   |              |   | 9.6 | % |   |   | 617,967 |   |   |   | 7.3 | % |
| Total other loans                                                 |   |                   | 2,275,434 |   |              |   | 26.6 | % |   |   | 2,128,494 |   |   |   | 25.1 | % |
| Total gross loans                                                 |   |                   | 8,539,286 |   |              |   | 100.0 | % |   |   | 8,501,033 |   |   |   | 100.0 | % |
|                                                              |   |                   |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Unearned fees, premiums,                                          |   |                   |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| and discounts, net                                                |   |                   | (55,501   | )      |              |   |   |   |   |   | (43,529 | ) |   |   |   |   |
| Allowance for loan losses                                         |   |                   | (250,517  | )      |              |   |   |   |   |   | (238,833 | ) |   |   |   |   |
| Loans held for sale                                               |   |                   | 17,540    |   |              |   |   |   |   |   | 28,014 |   |   |   |   |   |
| Loan receivable, net                                              |   | $                      | 8,250,808 |   |              |   |   |   |   | $ | 8,246,685 |   |   |   |   |   |

----

----

|                                                             |   | March 31,              |    |   | December 31, |   |
|------------------------------------------------------------------|--------|------------------------|---------|--------|--------------|--------|
|                                                             |   | 2010                   |    |   | 2009         |   |
|                                                             |   | (Dollars in thousands) |    |
|                                                             |   |                   |    |   |         |   |
| Non-covered nonaccrual loans                                     |   | $                      | 174,427 |   |         | $      | 173,180 |   |
| Non-covered loans past due 90 days or more but not on nonaccrual |   |                   | -       |   |         |   | - |   |
| Total non-covered nonperforming loans                            |   |                   | 174,427 |   |         |   | 173,180 |   |
|                                                             |   |                   |    |   |         |   |   |   |
| Non-covered other real estate owned, net                         |   |                   | 6,907   |   |         |   | 13,832 |   |
| Total non-covered nonperforming assets                           |   | $                      | 181,334 |   |         | $      | 187,012 |   |
|                                                             |   |                   |    |   |         |   |   |   |
| Non-covered performing restructured loans                        |   | $                      | 37,910  |   |         | $      | 114,013 |   |
|                                                             |   |                   |    |   |         |   |   |   |
| Total non-covered nonperforming assets to total assets           |   |                   | 0.89    | %      |         |   | 0.91 | % |
| Allowance for loan losses to non-covered nonperforming loans     |   |                   | 143.62  | %      |         |   | 137.91 | % |
| Non-covered nonperforming loans to total gross non-covered loans |   |                   | 2.04    | %      |         |   | 2.04 | % |

----

----

|                                                                                 |   | Three Months Ended March 31, |      |
|--------------------------------------------------------------------------------------|--------|------------------------------|-----------|
|                                                                                 |   | 2010                         |      |   | 2009 |   |
|                                                                                 |   | (Dollars in thousands)       |      |
|                                                                                 |   |                         |      |   |   |   |
| Allowance balance, beginning of period                                               |   | $                            | 238,833   |   |   | $ | 178,027 |   |
| Allowance for unfunded loan commitments and letters of credit                        |   |                         | (808      | ) |   |   | (1,008 | ) |
| Provision for loan losses                                                            |   |                         | 76,421    |   |   |   | 78,000 |   |
| Chargeoffs:                                                                          |   |                         |      |   |   |   |   |   |
| Single family real estate                                                            |   |                         | 3,538     |   |   |   | 3,853 |   |
| Multifamily real estate                                                              |   |                         | 4,963     |   |   |   | 1,746 |   |
| Commercial real estate                                                               |   |                         | 8,287     |   |   |   | 2,796 |   |
| Land                                                                                 |   |                         | 26,945    |   |   |   | 12,523 |   |
| Construction                                                                         |   |                         | 14,255    |   |   |   | 18,443 |   |
| Commercial business                                                                  |   |                         | 7,569     |   |   |   | 19,459 |   |
| Automobile                                                                           |   |                         | 96        |   |   |   | 8 |   |
| Other consumer                                                                       |   |                         | 520       |   |   |   | 1,312 |   |
| Total chargeoffs                                                                     |   |                         | 66,173    |   |   |   | 60,140 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Recoveries:                                                                          |   |                         |      |   |   |   |   |   |
| Single family real estate                                                            |   |                         | 112       |   |   |   | 21 |   |
| Multifamily real estate                                                              |   |                         | 103       |   |   |   | 122 |   |
| Commercial and industrial real estate                                                |   |                         | 86        |   |   |   | 6 |   |
| Land                                                                                 |   |                         | 117       |   |   |   | - |   |
| Construction                                                                         |   |                         | 584       |   |   |   | 119 |   |
| Commercial business                                                                  |   |                         | 1,201     |   |   |   | 281 |   |
| Automobile                                                                           |   |                         | 24        |   |   |   | 22 |   |
| Other consumer                                                                       |   |                         | 17        |   |   |   | - |   |
| Total recoveries                                                                     |   |                         | 2,244     |   |   |   | 571 |   |
| Net chargeoffs                                                                       |   |                         | 63,929    |   |   |   | 59,569 |   |
| Allowance balance, end of period                                                     |   | $                            | 250,517   |   |   | $ | 195,450 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Average non-covered loans outstanding                                                |   | $                            | 8,614,742 |   |   | $ | 8,197,173 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Total gross non-covered loans outstanding, end of period                             |   | $                            | 8,539,286 |   |   | $ | 8,064,315 |   |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Annualized net chargeoffs to average non-covered loans                               |   |                         | 2.97      | % |   |   | 2.91 | % |
|                                                                                 |   |                         |      |   |   |   |   |   |
| Allowance for loan losses to total gross non-covered loans,  end of period |   |                         | 2.93      | % |   |   | 2.42 | % |

----

|                                        |   | March 31, 2010         |    |   | December 31, 2009 |   |
|---------------------------------------------|--------|------------------------|---------|--------|-------------------|--------|
|                                        |   | Amount                 |    |   | %                 |   |   | Amount |   |   | % |   |
|                                        |   | (Dollars in thousands) |    |
|                                        |   |                   |    |   |              |   |   |   |   |   |   |   |
| Residential single family                   |   | $                      | 18,798  |   |              |   | 11.3 | % |   | $ | 18,693 |   |   |   | 10.9 | % |
| Residential multifamily                     |   |                   | 19,466  |   |              |   | 11.7 | % |   |   | 19,332 |   |   |   | 12.0 | % |
| Commercial and industrial real estate, land |   |                   | 108,411 |   |              |   | 45.5 | % |   |   | 110,628 |   |   |   | 46.6 | % |
| Construction                                |   |                   | 52,156  |   |              |   | 4.9 | % |   |   | 36,963 |   |   |   | 5.4 | % |
| Commercial business                         |   |                   | 42,997  |   |              |   | 14.5 | % |   |   | 43,774 |   |   |   | 15.1 | % |
| Trade finance                               |   |                   | 5,197   |   |              |   | 2.4 | % |   |   | 6,713 |   |   |   | 2.6 | % |
| Automobile                                  |   |                   | 99      |   |              |   | 0.1 | % |   |   | 75 |   |   |   | 0.1 | % |
| Other consumer                              |   |                   | 3,393   |   |              |   | 9.6 | % |   |   | 2,655 |   |   |   | 7.3 | % |
| Total                                       |   | $                      | 250,517 |   |              |   | 100.0 | % |   | $ | 238,833 |   |   |   | 100.0 | % |

----

|                       |   | March 31       |       |   | December 31, |   |
|----------------------------|--------|----------------|------------|--------|--------------|--------|
|                       |   | 2010           |       |   | 2009         |   |
|                       |   | (In thousands) |       |
|                       |   |           |       |   |         |   |
| Noninterest-bearing demand |   | $              | 2,289,933  |   |         | $      | 2,291,259 |   |
| Interest-bearing checking  |   |           | 628,759    |   |         |   | 667,177 |   |
| Money market               |   |           | 3,844,378  |   |         |   | 3,138,866 |   |
| Savings                    |   |           | 982,616    |   |         |   | 991,520 |   |
| Total core deposits        |   |           | 7,745,686  |   |         |   | 7,088,822 |   |
|                       |   |           |       |   |         |   |   |   |
| Time deposits              |   |           | 6,861,016  |   |         |   | 7,898,791 |   |
|                       |   |           |       |   |         |   |   |   |
| Total deposits             |   | $              | 14,606,702 |   |         | $      | 14,987,613 |   |

----

|                                        |   | Payment Due by Period |      |
|---------------------------------------------|--------|-----------------------|-----------|
|                                        |   | Less than             |      |   |   |   |   |   |   |   | After |   |   | Indeterminate |   |   |   |   |
| Contractual Obligations                     |   | 1 year                |      |   | 1-3 years |   |   | 3-5 years |   |   | 5 years |   |   | Maturity |   |   | Total |   |
|                                        |   | (In thousands)        |      |
|                                        |   |                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                    |   | $                     | 6,657,709 |   |   | $ | 282,631 |   |   | $ | 9,920 |   |   | $ | 10,655 |   |   | $ | 7,881,628 |   |   | $ | 14,842,543 |   |
| Federal funds purchased                     |   |                  | 22        |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 22 |   |
| FHLB advances                               |   |                  | 683,698   |   |   |   | 415,718 |   |   |   | 178,505 |   |   |   | 610,379 |   |   |   | - |   |   |   | 1,888,300 |   |
| Securities sold under repurchase agreements |   |                  | 84,922    |   |   |   | 94,822 |   |   |   | 94,822 |   |   |   | 1,055,946 |   |   |   | - |   |   |   | 1,330,512 |   |
| Notes payable                               |   |                  | -         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12,533 |   |   |   | 12,533 |   |
| Long-term debt obligations                  |   |                  | 6,139     |   |   |   | 12,279 |   |   |   | 12,279 |   |   |   | 329,636 |   |   |   | - |   |   |   | 360,333 |   |
| Operating lease obligations                 |   |                  | 19,866    |   |   |   | 34,975 |   |   |   | 27,485 |   |   |   | 31,012 |   |   |   | - |   |   |   | 113,338 |   |
| Unrecognized tax benefits                   |   |                  | -         |   |   |   | 5,489 |   |   |   | 1,048 |   |   |   | 370 |   |   |   | - |   |   |   | 6,907 |   |
| Postretirement benefit payments             |   |                  | 254       |   |   |   | 1,925 |   |   |   | 2,463 |   |   |   | 45,496 |   |   |   | - |   |   |   | 50,138 |   |
| Total contractual obligations               |   | $                     | 7,452,610 |   |   | $ | 847,839 |   |   | $ | 326,522 |   |   | $ | 2,083,494 |   |   | $ | 7,894,161 |   |   | $ | 18,604,626 |   |

|                         |   | Commitments Outstanding |      |
|------------------------------|--------|-------------------------|-----------|
|                         |   | (In thousands)          |      |
|                         |   |                    |      |
| Undisbursed loan commitments |   | $                       | 2,272,409 |   |
| Standby letters of credit    |   |                    | 634,091   |   |
| Commercial letters of credit |   |                    | 63,669    |   |

----

| ·   | an aggregate of 335,047 shares of our Series C Preferred Stock, each share of which automatically converted into 110.74197 shares of our common stock (an aggregate of 37,103,734 shares of our common stock) at a per common share conversion price of $9.03, as adjusted in accordance with the terms of the Series C Preferred Stock; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | an aggregate of 18,247,012 shares of our common stock. |
|--------------------|--------------------------------------------------------|

----

|                                     |   |      |   |   |      |   |   | Minimum      |   |   | Well         |   |
|------------------------------------------|--------|-----------|--------|--------|-----------|--------|--------|--------------|--------|--------|--------------|--------|
|                                     |   | East West |   |   | East West |   |   | Regulatory   |   |   | Capitalized  |   |
|                                     |   | Bancorp   |   |   | Bank      |   |   | Requirements |   |   | Requirements |   |
|                                     |   |      |   |   |      |   |   |         |   |   |         |   |
| Total Capital (to Risk-Weighted Assets)  |   |      | 20.9   | %      |      |   | 18.7   | %            |   |   | 8.0          | %      |   |   | 10.0 | % |
| Tier 1 Capital (to Risk-Weighted Assets) |   |      | 18.9   | %      |      |   | 16.7   | %            |   |   | 4.0          | %      |   |   | 6.0 | % |
| Tier 1 Capital (to Average Assets)       |   |      | 10.2   | %      |      |   | 9.0    | %            |   |   | 4.0          | %      |   |   | 5.0 | % |

----

|                     |   |   | Net Interest Income |   |   |   | Net Portfolio Value |   |   |
|--------------------------|--------|--------|---------------------|--------|--------|--------|---------------------|--------|--------|
|                     |   |   | Volatility (1)      |   |   |   | Volatility (2)      |   |   |
| Change in Interest Rates |   |   | March 31,           |   |   |   | December 31,        |   |   |   | March 31, |   |   |   | December 31, |   |   |
| (Basis Points)           |   |   | 2010                |   |   |   | 2009                |   |   |   | 2010 |   |   |   | 2009 |   |   |
|                     | +200   |   |                |   | 1.0    |   |  %             |   |   | 1.5 |   | % |   |   | 0.4 |   | % |   |   | (4.3 | )  | % |
|                     | +100   |   |                |   | (0.8   | )      |  %             |   |   | 0.3 |   | % |   |   | 1.0 |   | % |   |   | (2.2 | )  | % |
|                     | -100   |   |                |   | 6.5    |   |  %             |   |   | 3.9 |   | % |   |   | 5.2 |   | % |   |   | 1.6 |   | % |
|                     | -200   |   |                |   | 8.5    |   |  %             |   |   | 6.8 |   | % |   |   | 4.4 |   | % |   |   | 1.1 |   | % |

| (1)   | The percentage change represents net interest income for twelve months in a stable interest rate environment versus net interest income in the various rate scenarios. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The percentage change represents net portfolio value of the Bank in a stable interest rate environment versus net portfolio value in the various rate scenarios. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                                              |   |                                        |      |   |   |   |    |      |   |   |    |   |   |   |    |   |       |   |    |   |   |   | Fair Value at |   |
|-----------------------------------------------------------------------------------|--------|---------------------------------------------|-----------|--------|--------|--------|---------|-----------|--------|--------|---------|--------|--------|--------|---------|--------|------------|--------|---------|--------|--------|--------|---------------|--------|
|                                                                              |   | Expected Maturity or Repricing Date by Year |      |   |   |   |    | March 31, |   |
|                                                                              |   | Year 1                                      |      |   | Year 2 |   |    | Year 3    |   |   | Year 4  |   |   | Year 5 |    |   | Thereafter |   |    | Total  |   |   | 2010          |   |
|                                                                              |   | (In thousands)                              |      |
| Assets:                                                                           |   |                                        |      |   |   |   |    |      |   |   |    |   |   |   |    |   |       |   |    |   |   |   |          |   |
| CD investments                                                                    |   | $                                           | 343,127   |   |   | $      | 14,348  |      |   |   | -       |   |   |   | -       |   |       | $      | 250     |   |   |   | -             |   |   | $ | 357,725 |   |   | $ | 357,589 |   |
| Average yield (fixed rate)                                                        |   |                                        | 0.70      | %      |   |   | 1.94    | %         |   |   | -       |   |   |   | -       |   |       |   | 4.00    | %      |   |   | -             |   |   |   | 0.75 | % |   |   |   |   |
| Short-term investments                                                            |   | $                                           | 99,459    |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 99,459 |   |   | $ | 99,459 |   |
| Weighted average rate                                                             |   |                                        | 0.84      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.84 | % |   |   |   |   |
| Securities purchased under  resale agreements                           |   | $                                           | 380,000   |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 380,000 |   |   | $ | 396,432 |   |
| Weighted average rate                                                             |   |                                        | 3.59      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 3.59 | % |   |   |   |   |
| Investment securities available-for-sale  (fixed rate)                  |   | $                                           | 437,401   |   |   | $      | 114,060 |      |   | $      | 62,743  |   |   | $      | 15,647  |   |       | $      | 62,084  |   |   | $      | 49,400        |   |   | $ | 741,335 |   |   | $ | 749,547 |   |
| Weighted average rate                                                             |   |                                        | 5.02      | %      |   |   | 4.31    | %         |   |   | 5.38    | %      |   |   | 5.46    | %      |       |   | 3.53    | %      |   |   | 5.27          | %      |   |   | 4.85 | % |   |   |   |   |
| Investment securities available-for-sale  (variable rate) (1)           |   | $                                           | 835,534   |   |   | $      | 327,405 |      |   | $      | 207,372 |   |   | $      | 33,031  |   |       | $      | 35,235  |   |   | $      | 7,969         |   |   | $ | 1,446,546 |   |   | $ | 1,441,981 |   |
| Weighted average rate                                                             |   |                                        | 2.26      | %      |   |   | 3.36    | %         |   |   | 3.23    | %      |   |   | 4.23    | %      |       |   | 5.55    | %      |   |   | 0.94          | %      |   |   | 2.77 | % |   |   |   |   |
| Total covered gross loans                                                         |   | $                                           | 4,516,036 |   |   | $      | 565,131 |      |   | $      | 632,521 |   |   | $      | 356,338 |   |       | $      | 265,416 |   |   | $      | 245,528       |   |   | $ | 6,580,970 |   |   | $ | 5,279,500 |   |
| Weighted average rate                                                             |   |                                        | 4.37      | %      |   |   | 5.54    | %         |   |   | 6.47    | %      |   |   | 5.95    | %      |       |   | 4.49    | %      |   |   | 6.41          | %      |   |   | 4.84 | % |   |   |   |   |
| Total non-covered gross loans                                                     |   | $                                           | 6,375,354 |   |   | $      | 621,032 |      |   | $      | 462,540 |   |   | $      | 299,132 |   |       | $      | 184,757 |   |   | $      | 655,494       |   |   | $ | 8,598,309 |   |   | $ | 8,423,513 |   |
| Weighted average rate                                                             |   |                                        | 5.20      | %      |   |   | 6.44    | %         |   |   | 6.42    | %      |   |   | 6.34    | %      |       |   | 5.89    | %      |   |   | 5.16          | %      |   |   | 5.41 | % |   |   |   |   |
|                                                                              |   |                                        |      |   |   |   |    |      |   |   |    |   |   |   |    |   |       |   |    |   |   |   |          |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                                      |   |                                        |      |   |   |   |    |      |   |   |    |   |   |   |    |   |       |   |    |   |   |   |          |   |   |   |   |   |   |   |   |   |
| Checking accounts                                                                 |   | $                                           | 628,759   |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 628,759 |   |   | $ | 507,008 |   |
| Weighted average rate                                                             |   |                                        | 0.25      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.25 | % |   |   |   |   |
| Money market accounts                                                             |   | $                                           | 3,844,378 |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 3,844,378 |   |   | $ | 3,681,221 |   |
| Weighted average rate                                                             |   |                                        | 0.87      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.87 | % |   |   |   |   |
| Savings deposits                                                                  |   | $                                           | 982,616   |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 982,616 |   |   | $ | 810,679 |   |
| Weighted average rate                                                             |   |                                        | 0.34      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.34 | % |   |   |   |   |
| Time deposits                                                                     |   | $                                           | 6,579,577 |   |   | $      | 231,740 |      |   | $      | 35,649  |   |   | $      | 7,525   |   |       | $      | 1,453   |   |   | $      | 130           |   |   | $ | 6,856,074 |   |   | $ | 6,866,730 |   |
| Weighted average rate                                                             |   |                                        | 1.45      | %      |   |   | 1.91    | %         |   |   | 3.63    | %      |   |   | 2.42    | %      |       |   | 2.18    | %      |   |   | 2.70          | %      |   |   | 1.47 | % |   |   |   |   |
| Short-term borrowings                                                             |   | $                                           | 22        |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 22 |   |   | $ | 22 |   |
| Weighted average rate                                                             |   |                                        | 0.12      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.12 | % |   |   |   |   |
| FHLB advances (term)                                                              |   | $                                           | 640,000   |   |   | $      | 245,000 |      |   | $      | 100,000 |   |   | $      | 125,000 |   |       |   | -       |   |   | $      | 575,000       |   |   | $ | 1,685,000 |   |   | $ | 1,753,492 |   |
| Weighted average rate                                                             |   |                                        | 1.88      | %      |   |   | 1.60    | %         |   |   | 4.64    | %      |   |   | 4.43    | %      |       |   | -       |   |   |   | 4.26          | %      |   |   | 3.00 | % |   |   |   |   |
| Short-term repurchase agreements                                                  |   | $                                           | 37,511    |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 37,511 |   |   | $ | 37,511 |   |
| Weighted average rate                                                             |   |                                        | 0.51      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 0.51 | % |   |   |   |   |
| Securities sold under repurchase  agreements (fixed rate)               |   |                                        | -         |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   | $      | 9,450,000     |   |   | $ | 9,450,000 |   |   | $ | 1,171,645 |   |
| Weighted average rate                                                             |   |                                        | -         |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | 4.80          | %      |   |   | 4.80 | % |   |   |   |   |
| Securities sold under repurchase  agreements  (variable rate) |   | $                                           | 50,000    |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 50,000 |   |   | $ | 52,899 |   |
| Weighted average rate                                                             |   |                                        | 4.15      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 4.15 | % |   |   |   |   |
| Subordinated debt                                                                 |   | $                                           | 75,000    |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 75,000 |   |   | $ | 49,192 |   |
| Weighted average rate                                                             |   |                                        | 1.35      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 1.35 | % |   |   |   |   |
| Junior subordinated debt (fixed rate)                                             |   |                                        | -         |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   | $      | 21,392        |   |   | $ | 21,392 |   |   | $ | 22,519 |   |
| Weighted average rate                                                             |   |                                        | -         |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | 10.91         | %      |   |   | 10.91 | % |   |   |   |   |
| Junior subordinated debt (variable rate)                                          |   | $                                           | 139,178   |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 139,178 |   |   | $ | 35,004 |   |
| Weighted average rate                                                             |   |                                        | 2.01      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 2.01 | % |   |   |   |   |
| Other borrowing (variable rate)                                                   |   | $                                           | 53,575    |   |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   | $ | 53,575 |   |   | $ | 53,548 |   |
| Weighted average rate                                                             |   |                                        | 1.95      | %      |   |   | -       |      |   |   | -       |   |   |   | -       |   |       |   | -       |   |   |   | -             |   |   |   | 1.95 | % |   |   |   |   |

| (1)   | Includes hybrid securities that have fixed interest rates for the first three or five years.  Thereafter, interest rates become adjustable based on a predetermined index. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|              |   |          |   |   |       |   |   | Total Number       |   |   | Approximate Dollar     |   |
|-------------------|--------|---------------|--------|--------|------------|--------|--------|--------------------|--------|--------|------------------------|--------|
|              |   | Total         |   |   |       |   |   | of Shares          |   |   | Value in Millions of   |   |
|              |   | Number        |   |   | Average    |   |   | Purchased as       |   |   | Shares that May Yet Be |   |
|              |   | of Shares     |   |   | Price Paid |   |   | Part of Publicly   |   |   | Purchased Under        |   |
| Month Ended       |   | Purchased (1) |   |   | per Share  |   |   | Announced Programs |   |   | the Programs (2)       |   |
| January 31, 2010  |   |          | -      |   |       | $      | -      |               |   |   | -                      |   |   | $ | 26.2 |   |
| February 28, 2010 |   |          | -      |   |       |   | -      |               |   |   | -                      |   |   |   | 26.2 |   |
| March 31, 2010    |   |          | -      |   |       |   | -      |               |   |   | -                      |   |   |   | 26.2 |   |
| Total             |   |          | -      |   |       | $      | -      |               |   |   | -                      |   |   | $ | 26.2 |   |

| (1)   | Excludes 112,252 in repurchased shares totaling $958 thousand due to forfeitures and vesting of restricted stock awards pursuant to the Company’s 1998 Stock Incentive Plan. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | During the first quarter of 2007, the Company’s Board of Directors announced a repurchase program authorizing the repurchase of up to $80.0 million of its common stock.  This repurchase program has no expiration date and, to date, 1,392,176 shares totaling $53.8 million have been purchased under this program. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) Exhibit 31.1   | Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                 |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii) Exhibit 31.2  | Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                 |
| (iii) Exhibit 32.1 | Chief Executive Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  |
| (iv) Exhibit 32.2  | Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  |

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|   | SIGNATURE |
|--------|-----------|

|   | EAST WEST BANCORP, INC.                                                                                                                                                                                                                                                                                                                        |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | By: /s/ IRENE H. OH                                           Irene H. OhExecutive Vice President andChief Financial Officer |

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