Document:

EWBC EXHIBIT 10.12

     

    DIRECTOR
      COMPENSATION

     

     

    The
      following compensation arrangements have been established for the Board of
      Directors of the Company: All outside directors will receive an annual retainer
      of $20,000. The chairpersons of the Audit Committee, the Compensation Committee,
      the Credit / Finance Committee, and the Nominating / Governance Committee will
      for this service receive retainers of $10,000, of $7,000, of $5,000, and of
      $5,000 respectively. Outside directors also receive a meeting fee of $1,000
      for
      each Board and Committee meeting attended. Outside directors also receive an
      annual grant of $20,000 of restricted stock, which stock has 3-year cliff
      vesting. Directors have the option to receive their $20,000 annual retainer
      in
      the form of stock at a 25% premium (i.e., $25,000 of stock) if they agree to
      hold the stock for at least one year. No separate compensation is paid to
      directors who are also employees of the Company.EWBC EXHIBIT 10.13

     

    NAMED
      EXECUTIVE OFFICER COMPENSATION

     

     

        On
      March 9,
      2006 the following adjustments to base salary, cash bonus payments for 2005
      work, and grants of incentive stock were approved for the Company's CEO and
      the
      persons expected to be named executive officers in the its Proxy Statement
      for
      the 2006 Annual Meeting of Shareholders. Adjustments to salary are effective
      as
      of March 1, 2006. Cash bonuses are paid on or about March 15, 2006.

    
 

    
      
        	
                 

                 

                Executive
                  Officer

              	 	
                 

                 

                Title

              	 	
                 

                 

                2006
                  Salary

              	 	
                 

                2005
                  Cash Bonus

              	 	
                Shares
                  of Non-qualified Stock Options

              	 	
                 

                Restricted
                  Stock Award

              
	
                 

                Dominic
                  Ng

                 

              	 	
                 

                Chairman,
                  President and CEO

              	 	
                 

                $750,000
                  

              	 	
                 

                $1,500,000
                  

              	 	 

                45,000

              	 	 

                41,000
                  (1)

              
	
                Julia
                  S. Gouw

                 

              	 	
                Executive
                  Vice President and CFO

              	 	
                $273,000
                  

              	 	
                $200,000
                  

              	 	
                16,273

              	 	
                4,068

              
	
                Douglas
                  Krause

              	 	
                Executive
                  Vice President, General Counsel, and Secretary

                 

              	 	
                $210,000
                  

              	 	
                $150,000
                  

              	 	
                13,561

              	 	
                3,390

              
	
                Wellington
                  Chen

              	 	
                Executive
                  Vice President and Director of Corporate Banking

                 

              	 	
                $225,000
                  

              	 	
                $120,000
                  

              	 	
                8,679

              	 	
                2,170

              
	
                William
                  J. Lewis

              	 	
                Executive
                  Vice President and Chief Credit Officer

              	 	
                $206,000
                  

              	 	
                $150,000
                  

              	 	
                4,340

              	 	
                0

              

      

    

    _____

    
      (1)
        Performance restricted stock vesting in 2 years. Number of shares that will
        vest
        depends on meeting performance criteria. 41,000 shares is for the performance
        maximum if pre-established earnings per share performance goals are met.
        

       

    

    
          Stock
        options
        are all non-qualified options issued under the 1998 Stock Incentive Plan
        of the
        Company; the restricted stock is also issued under the 1998 Stock Incentive
        Plan
        of the Company. Options vest over 4 years as follows: 1/3 after 2 years,
        1/3
        after 3 years, and 1/3 after 4 years. The restricted stock granted to the
        CEO
        vests 20% per year for 5 years. The restricted stock of the other named officers
        vests 50% after 4 years and 50% after 5 years. 

       

          The
        Company
        also approved company performance goals and individual performance goals
        for the
        CEO and the other named executive officers. The CEO's goals are set under
        the
        Performance-Based Bonus Plan approved by shareholders in 2002 and are based
        on
        earnings per share, return on equity, and return on assets; the bonus award
        will
        range from 0% to 250% of base salary. The goals of the other named executives
        are based 60% on overall corporate goals and 40% on individual department
        performance goals. The corporate goals are earnings per share, growth in
        demand
        deposits, return on equity, return on assets, growth in non-interest income,
        holding down of expenses, growth in trade finance loans, growth in commercial
        business loans, and strategic/operational goals. 

       

          The
        Company
        will provide additional information regarding the compensation paid to the
        named
        executive officers for the 2005 fiscal year in its Proxy Statement for the
        2006
        Annual Meeting of Shareholders.EWBC EXHIBIT 10.15

     

    

     

     

    

     

    AGREEMENT
      AND PLAN OF MERGER

     

    BY
      AND AMONG

     

    EAST
      WEST BANCORP, INC.,

     

    EAST
      WEST BANK

     

    AND

     

    STANDARD
      BANK

     

    

     

    Effective
      as of December 23, 2005

     

     

    

     

    

    

     

    

     

    
      
        
          

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    TABLE
      OF CONTENTS

     

    

     

     

    AGREEMENT
      AND PLAN OF MERGER1

     

     

    ARTICLE
      ICERTAIN
      DEFINITIONS2

     

    SECTION
      1.01    Certain
      Definitions2

     

     

    ARTICLE
      IITHE
      MERGER7

     

    SECTION
      2.01    The
      Merger7

     

    SECTION
      2.02    Effective
      Date and Effective Time8

     

     

    ARTICLE
      IIICONSIDERATION;
      EXCHANGE PROCEDURES8

     

    SECTION
      3.01    Effect
      on Capital Stock8

     

    SECTION
      3.02    Conversion
      of SB Common Stock9

     

    SECTION
      3.03    No
      Fractional Shares12

     

    SECTION
      3.04    Exchange
      Procedures12

     

    SECTION
      3.05    Anti-Dilution
      Provisions13

     

    SECTION
      3.06    Dissenters’
      Rights14

     

     

    ARTICLE
      IVACTIONS
      PENDING ACQUISITION14

     

    SECTION
      4.01    Forbearances
      of SB14

     

    SECTION
      4.02    Forbearances
      of EWBC17

     

     

    ARTICLE
      VREPRESENTATIONS
      AND WARRANTIES18

     

    SECTION
      5.01    Disclosure
      Schedules18

     

    SECTION
      5.02    Standard18

     

    SECTION
      5.03    Representations
      and Warranties of SB18

     

    SECTION
      5.04    Representations
      and Warranties of EWBC and EWB29

     

     

    ARTICLE
      VICOVENANTS33

     

    SECTION
      6.01    Reasonable
      Best Efforts33

     

    SECTION
      6.02    Shareholders’
      Approval33

     

    SECTION
      6.03    Registration
      of Securities34

     

    SECTION
      6.04    Press
      Releases35

     

    SECTION
      6.05    Access;
      Information35

     

    SECTION
      6.07    Acquisition
      Proposals36

     

    SECTION
      6.08    Certain
      Policies36

     

    SECTION
      6.09    Regulatory
      Applications37

     

    SECTION
      6.10    Indemnification
      by EWBC37

     

    SECTION
      6.11    Benefit
      Plans39

     

    SECTION
      6.12    Future
      Employment39

     

    SECTION
      6.13    Notification
      of Certain Matters40

     

    SECTION
      6.14    Human
      Resources Issues40

     

    SECTION
      6.15    Assistance
      with Third-Party Agreements40

     

    SECTION
      6.16    Additional
      Agreements41

     

    SECTION
      6.17    Tax
      Treatment
      of the Merger41

     

    SECTION
      6.18    Non-Solicitation
      & Confidentiality Agreements41

     

    SECTION
      6.19    Other
      Shareholder Agreements41

     

    SECTION
      6.20    Minimum
      ALL41

     

    SECTION
      6.21    Pre-Closing
      Adjustments and Minimum Closing Shareholders’ Equity41

     

    SECTION
      6.22    FIRPTA
      Certificate42

     

     

    ARTICLE
      VIICONDITIONS
      TO CONSUMMATION OF THE MERGER42

     

    SECTION
      7.01    Conditions
      to the Parties’ Obligations to Effect the Merger42

     

    SECTION
      7.02    Conditions
      to Obligation of SB to Effect the Merger43

     

    SECTION
      7.03    Conditions
      to Obligation of EWBC43

     

     

    ARTICLE
      VIII TERMINATION44

     

    SECTION
      8.01    Termination
      by Mutual Consent44

     

    SECTION
      8.02    Termination
      by Either EWBC, EWB or SB44

     

    SECTION
      8.03    Effect
      of Termination and Abandonment45

     

     

    ARTICLE
      IXMISCELLANEOUS46

     

    SECTION
      9.01    Survival46

     

    SECTION
      9.02    Waiver;
      Amendment46

     

    SECTION
      9.03    Counterparts46

     

    SECTION
      9.04    Governing
      Law, Jurisdiction and Venue46

     

    SECTION
      9.05    Expenses47

     

    SECTION
      9.06    Notices47

     

    SECTION
      9.07    Entire
      Understanding; No Third Party Beneficiaries48

     

    SECTION
      9.08    Effect48

     

    SECTION
      9.09    Severability48

     

    SECTION
      9.10    Enforcement
      of the Agreement48

     

    SECTION
      9.11    Interpretation49

     

     

    [

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBITS

     

    EXHIBIT
      A  SHAREHOLDERS
      AGREEMENT

     

    EXHIBIT
      A-1  PERSONS
      EXECUTING SHAREHOLDERS AGREEMENT

     

    EXHIBIT
      B  NON-SOLICITATION
      & CONFIDENTIALITY AGREEMENT

     

    EXHIBIT
      B-1     PERSONS
      EXECUTING NON-SOLICITATION & CONFIDENTIALITY AGREEMENT

    

    EXHIBIT
      C  AGREEMENT
      OF MERGER

     

    EXHIBIT
      D  AFFILIATE
      AGREEMENT

     

    

     

    

     

    

     

    

     

    

     

    

     

    
      
        
          

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    AGREEMENT
      AND PLAN OF MERGER

     

     

    AGREEMENT
      AND PLAN OF MERGER
      effective as of December 23, 2005, and as amended (“Agreement”), by and
      among East West Bancorp, Inc. (“EWBC”), East West Bank (“EWB”) and Standard Bank
      (“SB”).

     

    RECITALS:

     

    A. EWBC.
      EWBC is a duly organized and existing corporation under the laws of the State
      of
      Delaware and registered as a bank holding company pursuant to the Bank Holding
      Company Act of 1956, as amended, having its principal place of business in
      San
      Marino, California.

     

    B. EWB.
      EWB is a duly organized and existing California state-chartered commercial
      bank
      and a member bank of the Federal Reserve System, having its principal place
      of
      business in San Marino, California, and all of the outstanding capital stock
      of
      which is owned by EWBC.

     

    C. SB.
      SB is a duly organized and existing federal savings association chartered by
      the
      Office of Thrift Supervision (“OTS”), whose deposit accounts are insured to the
      extent allowed by law by the Savings Association Insurance Fund of the Federal
      Deposit Insurance Corporation. 

     

    D. BOARD
      DETERMINATIONS AND ACTIONS.
        The respective boards of EWBC, EWB and SB have determined that it is in
      the best interests of their respective companies and shareholders to consummate
      a strategic business combination of EWB and SB on the terms and subject to
      the
      conditions provided for in this Agreement based their compatible business plans,
      the potential synergies of their business operations, the continuity of
      employee, customer and shareholder bases and the prospects for continued
      ownership in the combined enterprise.

     

    E. CONTINUITY
      OF OWNERSHIP IN COMBINED ENTERPRISE. .
        The respective boards of EWBC, EWB and SB have determined that it is in
      the best interests of their respective companies and shareholders to realize
      the
      long term benefits of the combined business enterprise contemplated by this
      Agreement and not to seek or accept any proposals contemplating a transaction
      that would discontinue ownership by a majority of the shareholders of any party
      to this Agreement in their respective businesses or in the business of the
      combined enterprise contemplated herein.

     

    F. SHAREHOLDER
      AGREEMENT. As
      condition to, and simultaneously with the execution of this Agreement, the
      beneficial owners of SB Common Stock listed in Exhibit
      A-1
      hereto, have executed and delivered to EWBC a Shareholder Agreement pursuant
      to
      which such holders will have agreed, among other actions, to vote their shares
      of SB Common Stock in favor of the strategic business combination contemplated
      by Agreement and the Merger, to vote against any other transaction, and to
      take
      all actions to cause the completion of the transactions contemplated by this
      Agreement, in the form of Exhibit
      A
      hereto (“Shareholder Agreement”). 

     

    G. INTENTIONS
      OF THE PARTIES.
      It is the intention of the parties to this Agreement that the business
      combination contemplated hereby be accounted for under the purchase accounting
      method and be treated as a “reorganization” under Section 368(a) of the Internal
      Revenue Code of 1986, as amended (the “Code”). 

     

    H. NON-SOLICITATION
      & CONFIDENTIALITY AGREEMENT. A
      non-solicitation and confidentiality agreement, in the form attached hereto
      as
Exhibit
      B
      (the “Non-Solicitation & Confidentiality Agreement”), shall be executed by
      the Persons listed on Exhibit
      B-1
      hereto.

     

    I. REQUIRED
      APPROVALS.
      The Merger requires certain shareholder and regulatory approvals and may be
      effected only after the necessary approvals have been obtained.

     

    

     

    NOW,
      THEREFORE,
      in consideration of the premises and of the mutual covenants, representations,
      warranties and agreements contained herein the parties agree as follows:

     

    ARTICLE
      I  

     

    

     

    CERTAIN
      DEFINITIONS

     

    SECTION
      1.01   Certain
      Definitions.
      The following terms are used in this Agreement with the meanings set forth
      below: 

     

    “Acquisition
      Proposal” has the meaning set forth in Section 6.07.

     

    “Agreement”
      means this Agreement, as amended or modified from time to time in accordance
      with Section 9.02. 

     

    “Agreement
      of Merger” has the meaning set forth in Section 2.01(b). 

     

    “ALL”
      has the meaning set forth in Section 5.03(u).

     

    “Average
      Share Price” has the meaning set forth in Section 3.02(a).

     

    “Bank
      Insurance Fund” means the Bank Insurance Fund maintained by the FDIC.

     

    “Bank
      Secrecy Act” means the Currency and Foreign Transaction Reporting Act (31 U.S.C.
      Section 5311 et seq.) as amended. 

     

    “Benefit
      Plans” has the meaning set forth in Section 5.03(n). 

     

    “Business
      Combination” has the meaning set forth in Section 3.05. 

     

    “Business
      Day” means Monday through Friday of each week, except a legal holiday recognized
      as such by the U.S. Government or any day on which banking institutions in
      the
      State of California are authorized or obligated to close. 

     

    “California
      Secretary” means the California Secretary of State. 

     

    “Cash
      Portion” has the meaning set forth in Section 3.02(a).

     

    “CFC”
      means the California Financial Code.

     

    “CGCL”
      means the California General Corporation Law. 

     

    “Code”
      has the meaning set forth in the recitals to this Agreement. 

     

    “Commissioner”
      means the California Commissioner of Financial Institutions. 

     

    “Community
      Reinvestment Act” means the Community Reinvestment Act of 1977, as amended.

     

    “Competing
      Proposal” is defined in Recital F.

     

    “Costs”
      has the meaning set forth in Section 6.10.

     

    “Derivatives
      Contract” has the meaning set forth in Section 5.03(r). 

     

    “Disclosure
      Schedule” has the meaning set forth in Section 5.01. 

     

    “Dissenters
      Set Aside” has the meaning set forth in Section 3.02(a).

     

    “Dissenters’
      Shares” means shares of SB Common Stock held by a SB shareholder with respect to
      which such shareholder, in accordance with the HOLA and 12 C.F.R. Section
      552.14, perfects such shareholder’s right to dissent to the Merger.

     

    “Dissenting
      Shareholder” means any holder of Dissenters’ Shares. 

     

    “Effective
      Date” has the meaning set forth in Section 2.02. 

     

    “Effective
      Time” has the meaning set forth in Section 2.02. 

     

    “Environmental
      Laws” has the meaning set forth in Section 5.03(p). 

     

    “Equal
      Credit Opportunity Act” means the Equal Credit Act (15 U.S.C. Section 1691 et
      seq.) as amended. 

     

    “ERISA”
      means the Employee Retirement Income Security Act of 1974, as amended.

     

    “ERISA
      Affiliate” has the meaning set forth in Section 5.03(n). 

     

    “EWB”
      has the meaning set forth in the preamble to this Agreement. 

     

    “EWB
      Articles” means the Articles of Incorporation of EWB, as amended. 

     

    “EWB
      By-Laws” means the by-laws of EWB, as amended.

     

    “EWB
      Common Stock” means the common stock of EWB, 100% of which is owned by
      EWBC.

     

    “EWB
      Plan” has the meaning set forth in Section 6.11(c).

     

    “EWBC”
      has the meaning set forth in the preamble to this Agreement.

     

    “EWBC
      By-Laws” means the by-laws of EWBC, as amended.

     

    “EWBC
      Certificate” means the Certificate of Incorporation of EWBC, as
      amended.

     

    “EWBC
      Common Stock” means the common stock, par value $.001 per share, of
      EWBC.

     

    “EWBC
      Disclosure Schedule” has the meaning set forth in Section 5.01. 

     

    “EWBC
      Loan Property” has the meaning set forth in Section 5.04(k). 

     

    “Exchange
      Act” means the Securities Exchange Act of 1934, as amended, and the rules and
      regulations thereunder. 

     

    “Exchange
      Agent” means U.S. Stock Transfer Corporation, as provided in
      Section 3.02(a).

     

    “Exchange
      Fund” has the meaning set forth in Section 3.04(a). 

     

    “Fair
      Housing Act” means the Fair Housing Act (420 U.S.C. Section 3601, et seq.), as
      amended. 

     

    “Fairness
      Review” is defined in Section 6.03.

     

    “FDIC”
      means the Federal Deposit Insurance Corporation. 

     

    “Federal
      Reserve Board” means the Board of Governors of the Federal Reserve System or the
      Federal Reserve Bank of San Francisco acting under delegated
      authority.

     

    “Former
      SB Employees” has the meaning set forth in Section 6.11.

     

    “GAAP”
      means generally accepted accounting principles. 

     

    “Governmental
      Authority” means any court, administrative agency or commission or other
      federal, state or local governmental authority or instrumentality. 

     

    “Hazardous
      Substance” has the meaning set forth in Section 5.03(p). 

     

    “Home
      Mortgage Disclosure Act” means the Home Mortgage Disclosure Act (12 U.S.C.
      Section 2801 et seq.), as amended. 

     

    “HOLA”
      means the Home Owners’ Loan Act, as amended.”

     

    “Indemnified
      Party” has the meaning set forth in Section 6.10(a). 

     

    “Insurance
      Policies” has the meaning set forth in Section 5.03(t). 

     

    “Lien”
      means any charge, mortgage, pledge, security interest, restriction, claim,
      lien
      or encumbrance.

     

    "Liquidated
      Damages Amount" means 1%
      of Shareholders' Equity multiplied by two (2)

     

    “Material
      Adverse Effect” means, with respect to EWBC, EWB or SB, any effect that (i) is
      material and adverse to the financial position, results of operations or
      business of EWBC and its Subsidiaries taken as a whole or SB, as the case may
      be, or (ii) would materially impair the ability of any of EWBC, EWB or SB to
      perform its obligations under this Agreement or otherwise materially threaten
      or
      materially impede the consummation of the Merger and the other transactions
      contemplated by this Agreement; provided, however, that a Material Adverse
      Effect shall not be deemed to include the impact of (a) changes in banking
      and
      similar laws of general applicability or interpretations thereof by Governmental
      Authorities, (b) changes in GAAP or regulatory accounting requirements
      applicable to banks and their holding companies generally, (c) changes in
      general economic conditions affecting banks and their holding companies
      generally, except to the extent such changes disproportionately affect SB (d)
      any modifications or changes to valuation policies and practices in connection
      with the Merger or restructuring charges taken in connection with the Merger,
      in
      each case in accordance with GAAP and (e) with respect to SB, the effects of
      any
      action or omission taken with the prior consent of EWBC or EWB. 

     

    “Merger”
      has the meaning set forth in the recitals to this Agreement.

     

    “Merger
      Consideration” has the meaning set forth in Section 3.02(a).

     

    “Minimum
      Closing Shareholders’ Equity is defined in Section 6.21.

     

    “Nasdaq”
      means The Nasdaq Stock Market, Inc.’s National Market System.

     

    “National
      Labor Relations Act” means the National Labor Relations Act, as
      amended.

     

    “New
      Plan” has the meaning set forth in Section 6.12(b).

     

    “Non-Solicitation
      and Confidentiality Agreements” has the meaning set forth in the recitals to
      this Agreement.

     

    “Options”
      means options to purchase SB Common Stock outstanding as of September 30, 2005
      issued pursuant to the Standard Savings Bank, FSB Stock Option and Incentive
      Plan.

     

    “OTS”
      means the Office of Thrift Supervision.

     

    “Pension
      Plan” has the meaning set forth in Section 5.03(n). 

     

    “Permit”
      is defined in Section 6.03.

     

    “Per
      Share Cash Consideration” has the meaning set forth in
      Section 3.02(a).

     

    “Per
      Share Stock Consideration” has the meaning set forth in Section
      3.02(a).

     

    “Person”
      means any individual, bank, corporation, partnership, association, joint-stock
      company, business trust, limited liability company or unincorporated
      organization.

     

    “Pre-Closing
      Adjustments” is defined in Section 6.21.

     

    “Registration
      Statement” has the meaning set forth in Section 6.03.

     

    “Regulatory
      Authorities” has the meaning set forth in Section 5.03(j). 

     

    “Regulatory
      Filings” has the meaning set forth in Section 5.03(h). 

     

    “Rights”
      means, with respect to any Person, securities or obligations convertible into
      or
      exercisable or exchangeable for, or giving any Person any right to subscribe
      for
      or acquire, or any options, calls or commitments relating to, or any stock
      appreciation right or other instrument the value of which is determined in
      whole
      or in part by reference to the market price or value of, shares of capital
      stock
      of such Person. 

     

    “Savings
      Association Insurance Fund” means the Savings Association Insurance Fund
      maintained by the FDIC.

     

    “SB”
      has the meaning set forth in the preamble to this Agreement. 

     

    “SB
      Charter” means the Charter of SB, as amended. 

     

    “SB
      By-Laws” means the By-Laws of SB, as amended. 

     

    “SB
      Common Stock” has the meaning set forth in Section 3.02(a)

     

    “SB
      Disclosure Schedule” has the meaning set forth in Section 5.01.

     

    “SB
      Loan Property” has the meaning set forth in Section 5.03(p).

     

    “SEC”
      means the United States Securities and Exchange Commission. 

     

    “SEC
      Documents” has the meaning set forth in Section 5.04(h). 

     

    “Securities
      Act” means the Securities Act of 1933, as amended, and the rules and regulations
      thereunder.

     

    “Shareholders'
      Equity” has the meaning set forth in Section 3.02(a).

     

    “Stock
      Portion” has the meaning set forth in Section 3.02(a).

     

    “Subsidiary”
      has the meaning ascribed to those terms in Rule 1-02 of Regulation S-X of the
      SEC. 

     

    “Surviving
      Bank” has the meaning set forth in Section 2.01(a). 

     

    “Tax”
      and “Taxes” mean all federal, state, local or foreign taxes, charges, fees,
      levies or other assessments, however denominated, including, without limitation,
      all net income, gross income, gains, gross receipts, sales, use, ad valorem,
      goods and services, capital, production, transfer, franchise, windfall profits,
      license, withholding, payroll, employment, disability, employer health, excise,
      estimated, severance, stamp, occupation, property, environmental, unemployment
      or other taxes, custom duties, fees, assessments or charges of any kind
      whatsoever, imposed on the income, properties or operations of SB or its
      Subsidiaries by any taxing authority whether arising before, on or after the
      Effective Date, together with any interest, additions or penalties thereto
      and
      any interest in respect of such interest and penalties.

     

    “Tax
      Returns” means any return, amended return or other report (including elections,
      declarations, disclosures, schedules, estimates and information returns)
      required to be filed on or before the Effective Date with respect to any Taxes
      of SB.

     

    “Transaction
      Expenses” means all insurance premiums contemplated by the provisions of Section
      6.10(a) and accrued or paid by SB prior to the Effective Time and all fees
      and
      expenses of all attorneys, accountants, investment bankers and other advisors
      and agents for SB for services rendered solely in connection with the
      transactions contemplated by this Agreement accrued or paid by SB prior to
      the
      Effective Time.

     

    “Treasury
      Shares” shall mean any shares of SB Common Stock held by SB or by EWBC or any of
      their respective Subsidiaries, in each case other than in a fiduciary (including
      custodial or agency) capacity or as a result of debts previously contracted
      in
      good faith. 

     

    “USA
      Patriot Act” means the USA PATRIOT Act (Pub. L. No. 107-56). 

     

    “Shareholder
      Agreement” has the meaning set forth in the recitals to this Agreement.

    

     

    ARTICLE
      II  

     

    

     

    THE
      MERGER

     

    SECTION
      2.01   The
      Merger.
      

     

    (a)  The
      Combination.
      At the Effective Time, SB shall merge with and into EWB, pursuant to CFC Section
      4881, the separate existence of SB as a federal savings association shall cease,
      and EWB shall survive and continue to exist as a California state-chartered
      bank
      (EWB, as the surviving bank in the Merger, sometimes being referred to herein
      as
      the “Surviving Bank”). EWBC may, at any time prior to the Effective Time
      (including, to the extent permitted by applicable law, after SB’s shareholders
      have approved this Agreement), change the method of effecting the combination
      of
      EWB with SB (including, without limitation, the provisions of this Article
      II)
      if and to the extent it deems such change to be necessary, appropriate or
      desirable; provided, however, that no such change shall (i) alter or change
      the
      amount or kind of consideration to be issued to the holders of SB Common Stock
      as provided for in this Agreement (the “Merger Consideration”), (ii) adversely
      affect the tax treatment of SB’s shareholders as a result of receiving the
      Merger Consideration, (iii) impede or unreasonably delay consummation of the
      transactions contemplated by this Agreement, or (iv) otherwise be materially
      prejudicial to the interests of the shareholders of SB. 

     

    (b)  Filings.
      Subject to the satisfaction or waiver of the conditions set forth in Article
      VII, the Merger shall become effective upon the Effective Time on the Effective
      Date, in accordance with CFC Section 4885 upon the filing of an Agreement of
      Merger between SB and EWB as the Surviving Bank, in the form of Exhibit
      C
      hereto (“Agreement of Merger”), with the Commissioner, after certification by
      the California Secretary.

     

    (c)  Articles
      of Incorporation and By-Laws.
      The articles of incorporation and by-laws of the Surviving Bank immediately
      after the Merger shall be those of EWB as in effect immediately prior to the
      Effective Time. 

     

    (d)  Directors
      and Officers of the Surviving Bank.
      The directors and officers of EWB immediately after the Merger shall be the
      directors and officers of EWB immediately prior to the Effective Time, until
      such time as their successors shall be duly elected and qualified. 

     

    (e)  Effect
      of the Merger.
      At the Effective Time, the effect of the Merger shall be as provided in CGCL
      Section 1107, CFC Sections 4888 and 4889, 12 U.S.C. Section 1464(d)(3) and
      12
      C.F.R. Section 552.13, including any regulations or rules promulgated
      thereunder. Without limiting the generality of the foregoing, and subject
      thereto, at the Effective Time, all the property, rights, privileges, powers
      and
      franchises of SB shall vest in the Surviving Bank, all debts, liabilities,
      obligations, restrictions, disabilities and duties of SB shall become the debts,
      liabilities, obligations, restrictions, disabilities and duties of the Surviving
      Bank and the charter of SB as a federal savings association shall automatically
      terminate. 

     

    SECTION
      2.02   Effective
      Date and Effective Time.
      Subject to the satisfaction or waiver of the conditions set forth in Article
      VII
      (other than those conditions that by their nature are to be satisfied at the
      consummation of the Merger, but subject to the fulfillment or waiver of those
      conditions), the parties shall cause the filings contemplated by Section 2.01
      to
      be made (i) no later than the third Business Day after such satisfaction or
      waiver or (ii) such other date to which the parties may agree in writing. The
      Merger provided for herein shall become effective upon such filing or filings
      and on such date as may be specified therein and in accordance CFC Section
      4887.
      The date of such effectiveness is herein called the “Effective Date”. The
“Effective Time” of the Merger shall be the time as set forth in such filing.

     

    ARTICLE
      III  

     

    

     

    CONSIDERATION;
      EXCHANGE PROCEDURES

     

    SECTION
      3.01   Effect
      on Capital Stock.
      Subject to the other provisions of this Article III, at the Effective Time,
      by virtue of the Merger and without any additional action on the part of the
      holders of shares of EWBC Common Stock and EWB Common Stock:

     

    (a)  EWBC
      Common Stock.
      Each share of EWBC Common Stock issued and outstanding immediately prior to
      the
      Effective Time shall remain an issued and outstanding share of common stock
      of
      EWBC, and shall not be affected by the Merger; 

     

    (b)  EWB
      Common Stock.
      Each share of EWB Common Stock, issued and outstanding immediately prior to
      the
      Effective Time shall remain an issued and outstanding share of common stock
      of
      the Surviving Bank, and shall not be affected by the Merger; 

     

    (c)  SB
      Common Stock.
      Each share of SB Common Stock issued and outstanding immediately prior to the
      Effective Time (other than any Dissenters’ Shares and Treasury Shares, as
      defined below) shall be converted into the right to receive the Per Share Stock
      Consideration or the Per Share Cash Consideration, as provided in Section
      3.02;

     

    (d)  Dissenters’
      Shares.
      Any shares of SB Common Stock that are shares subject to appraisal rights within
      the meaning of 12 C.F.R. Section 552.14 (“Dissenters’ Shares”) shall not be
      converted into or represent a right to receive EWBC Common Stock or cash
      hereunder unless and until such shares have lost their status as dissenting
      shares under 12 C.F.R. Section 552.14, at which time such shares shall be
      converted into cash or EWBC Common Stock pursuant to Section 3.02; and

     

    (e)  Cancellation
      of Certain Shares.
      Any shares of SB Common Stock held by EWBC (or any of its Subsidiaries) or
      by
      SB, other than those held in a fiduciary capacity or as a result of debts
      previously contracted (“Treasury Shares”), shall be cancelled and retired at the
      Effective Time and no Per Share Cash Consideration or Per Share Stock
      Consideration shall be paid or issued in exchange therefore. 

     

    SECTION
      3.02   Conversion
      of SB Common Stock.
      

     

    (a)  The
      Process.
      At the Effective Time, the conversion of each outstanding share of SB Common
      Stock shall proceed as follows:

     

    (i)  The
      terms used herein shall have the following meanings:

     

    “Shareholders’
      Equity” means the shareholders’ equity of SB as set forth in its September 30,
      2005 financial statements.

     

    “Average
      Share Price” shall mean the volume weighted average of the closing price of EWBC
      Common Stock as reported in The Wall Street Journal (Western Edition) for the
      60
      trading days of the Nasdaq (“NASDAQ”) ending with the fifth trading day prior to
      the Effective Date. 

     

    “Cash
      Portion” shall mean the dollar amount derived by multiplying the Merger
      Consideration by the percentage, expressed to four decimal points and up to
      a
      maximum of 35%, of the SB Common Stock outstanding at the Effective Time for
      which holders have elected to receive the Per Share Cash
      Consideration.

     

    “Dissenters
      Set Aside” shall mean the combination of the Per Share Cash Consideration and
      the Per Share Stock Consideration multiplied by the number of Dissenting Shares.
      

     

    “Merger
      Consideration” shall be an amount equal to the sum of two times Shareholders'
      Equity plus
      the
      amount of the increase in SB’s shareholders’ equity as a result of the exercise
      of Options to purchase SB Common Stock exercised after the effective date of
      this Agreement and prior to the Effective Time; less:
      (a) payments made or accrued by SB prior to the Effective Time under the New
      Plan as provided in Section 6.12(b); (b) dividends not accrued by SB as of
      September 15, 2005 and paid by SB after September 30, 2005 and prior to the
      Effective Time; (c) payments made by SB after September 30, 2005 under its
      profit sharing plan to the extent such payments were not accrued by SB on its
      September 30, 2005 financial statements; and (d) the amount by which the Minimum
      Closing Shareholders’ Equity is less than Shareholders’ Equity as of the
      Effective Time.

     

    “Per
      Share Cash Consideration” shall mean the amount derived by dividing the Cash
      Portion by the total number of shares of SB Common Stock for which holders
      have
      elected to receive cash.

     

    “Per
      Share Stock Consideration” shall mean the number of shares of EWBC Common Stock
      derived by dividing the Stock Portion, rounded to the nearest whole share,
      by
      the sum
      of the
      total number of shares of SB Common Stock for which holders have either
      (i) elected
      to receive EWBC Common Stock or
      (ii) have failed to make any election.

     

    “Stock
      Portion” shall mean the product of (a) the Merger Consideration times
      (b) the percentage, expressed to four decimal points, of the SB Common
      Stock for which holders have elected to receive the Per Share Stock
      Consideration or have failed to make an election to receive either the Per
      Share
      Stock Consideration or the Per Share Cash Consideration, but in no event less
      than 65%, denominated in a number of shares of EWBC Common Stock issuable in
      the
      Merger derived as follows:

     

    	·  	
            If
              the Average Share Price is less than $36.00, then the number of shares
              of
              EWBC Common Stock shall be derived by dividing the Stock Portion by
              $36.00; 

          

     

    	·  	
            If
              the Average Share Price is at least $36.00 and not greater than $42.00,
              the number of shares of EWBC Common Stock shall be derived by dividing
              the
              Stock Portion by the Average Share Price;

          

     

    	·  	
            If
              the Average Share Price is greater than $42.00, the number of shares
              of
              EWBC Common Stock shall be derived by dividing the Stock Portion by
              $42.00.

          

     

    “SB
      Common Stock” shall mean all of the 227,400 shares of SB Common Stock now issued
      and outstanding, excluding any Treasury Shares, plus any shares of common stock
      that are issued by SB prior to the Effective Time.

     

    (ii)  The
      Merger Consideration shall be allocated as follows: (a) all shares of SB Common
      Stock for which the holders have made an election to receive the Per Share
      Stock
      Consideration will be converted into EWBC Common Stock; (b) all shares of SB
      Common Stock (other than Dissenters’ Shares) for which the holders have failed
      to make an election to receive either the Per Share Stock Consideration or
      the
      Per Share Cash Consideration will be converted into the EWBC Common Stock;
      and
      (c) all shares of SB Common Stock electing to receive Per Share Cash
      Consideration shall be converted into the Per Share Cash Consideration. If,
      however, after giving effect to (ii)(a) and (ii)(b) of this paragraph, the
      35%
      maximum cash election is exceeded, those shares of SB Common Stock for which
      an
      election for the Per Share Cash Consideration has been made will receive an
      adjusted Per Share Cash Consideration and additional Per Share Stock
      Consideration derived as follows: The dollar amount of the excess cash election
      shall be deducted pro-rata from the shares electing the Per Share Cash
      Consideration, and a number of additional shares of EWBC Common Stock shall
      be
      issuable pro-rata with respect to those shares electing the Per Share Cash
      Consideration derived by dividing the dollar amount of the excess cash election
      by the applicable Average Share Price used to determine the Stock
      Portion.

     

    (iii)  EWBC
      shall set aside cash from the Cash Portion and the Stock Portion an amount
      of
      cash and EWBC Common Stock equal to the Dissenters Set Aside. EWBC shall deliver
      to U. S. Stock Transfer Corporation (the “Exchange Agent”) the remaining Stock
      Portion and Cash Portion. Each share of SB Common Stock (except for Dissenters’
Shares) shall, by virtue of the Merger and without any action on the part of
      the
      holder thereof, be converted into the right to receive the Per Share Cash
      Consideration and Per Share Stock Consideration.

     

    (iv)  At
      the Effective Time, each share of SB Common Stock shall be converted into,
      and
      become exchangeable for the Per Share Stock Consideration or the Per Share
      Cash
      Consideration and the holders of certificates formerly representing shares
      of SB
      Common Stock shall cease to have any rights as SB shareholders. Except as
      provided above, until such certificates are surrendered for exchange, the
      certificates of each holder shall, after the Effective Time, represent for
      all
      purposes only the right to receive the Per Share Stock Consideration or the
      Per
      Share Cash Consideration, as applicable.

     

    (v)  If,
      subsequent to the effective date of this Agreement but prior to the Effective
      Time, the outstanding shares of EWBC Common Stock shall, through a
      reclassification, recapitalization, stock dividend, stock split or reverse
      stock
      split, have been increased, decreased, changed into or exchanged for a different
      number or kind of shares or securities, appropriate adjustment will be made
      to
      the Stock Portion.

     

    (b)  Stock
      Transfer Books and Exchange.
      At the Effective Time, the stock transfer books of SB shall be closed as to
      holders of SB Common Stock immediately prior to the Effective Time and no
      transfer of SB Common Stock by any such holder shall thereafter be made or
      recognized on the stock transfer books of SB or the Surviving Bank. If, after
      the Effective Time, certificates are properly presented in accordance with
      Article III of this Agreement to the Exchange Agent, such certificates shall
      be
      canceled and exchanged for certificates representing the number of whole shares
      of EWBC Common Stock and a check representing the amount of cash into which
      SB
      Common Stock represented thereby was converted in the Merger, plus any payment
      for a fractional share of EWBC Common Stock. 

     

    (c)  Calculations.
      Any calculation of a portion of a share of EWBC Common Stock shall be rounded
      to
      the nearest ten-thousandth of a share, and any cash payment shall be rounded
      to
      the nearest cent. For purposes of this Section 3.02, the shares of EWBC Common
      Stock issued for SB Common Stock as consideration in the Merger shall be deemed
      to be “approximately equal” to the Stock Portion if such number is within 1,000
      shares of EWBC Common Stock of such amount. 

     

    SECTION
      3.03   No
      Fractional Shares.
      Notwithstanding any other provision hereof, no fractional shares of EWBC Common
      Stock and no certificates or scrip therefore, or other evidence of ownership
      thereof, will be issued in the Merger; instead, EWBC shall pay to each holder
      of
      SB Common Stock who would otherwise be entitled to a fractional share of EWBC
      Common Stock (after taking into account all certificates of SB Common Stock
      delivered by such holder) an amount in cash (without interest) determined by
      multiplying such fraction by the Average Share Price. No holder will be entitled
      to dividends, voting rights or any other rights as a shareholder in respect
      of
      any fractional share of EWBC Common Stock. 

     

    SECTION
      3.04   Exchange
      Procedures.
      

     

    (a)  Exchange
      Agent.
      No later than the Effective Time, EWBC shall deposit with the Exchange Agent,
      the Stock Portion and the Cash Portion of the Merger Consideration (the
“Exchange Fund”). The Exchange Agent shall not be entitled to vote or exercise
      any rights of ownership with respect to EWBC Common Stock held by it from time
      to time hereunder, except that it shall receive and hold all dividends or other
      distributions paid or distributed with respect to such shares for the account
      of
      the persons entitled thereto. 

     

    (b)  Exchange
      of Certificates and Cash.
      Each holder of a certificate formerly representing SB Common Stock (other than
      Dissenters’ Shares or Treasury Shares) who surrenders or has surrendered such
      certificate (or customary affidavits and indemnification regarding the loss
      or
      destruction of such certificate), together with duly executed transmittal
      materials, to the Exchange Agent shall, upon acceptance thereof, be entitled
      to
      a certificate representing EWBC Common Stock and cash into which the shares
      of
      SB Common Stock shall have been converted pursuant hereto, as well as cash
      in
      lieu of any fractional shares of EWBC Common Stock to which such holder would
      otherwise be entitled. The Exchange Agent shall accept such SB certificate
      upon
      compliance with such reasonable and customary terms and conditions as the
      Exchange Agent may impose to cause an orderly exchange thereof in accordance
      with normal practices. Until surrendered as contemplated by this Section 3.04,
      each certificate representing SB Common Stock shall be deemed from and after
      the
      Effective Time to evidence only the right to receive cash and EWBC Common Stock
      upon such surrender. EWBC shall not be obligated to deliver the consideration
      to
      which any former holder of SB Common Stock is entitled as a result of the Merger
      until such holder surrenders a certificate or certificates representing such
      shares of SB Common Stock for exchange as provided herein. If any certificate
      for shares of SB Common Stock, or any check representing cash and/or declared
      but unpaid dividends, is to be issued in a name other than that in which a
      certificate surrendered for exchange is issued, the certificate so surrendered
      shall be properly endorsed and otherwise in proper form for transfer and the
      person requesting such exchange shall affix any requisite stock transfer tax
      stamps to the certificate surrendered or provide funds for their purchase or
      establish to the satisfaction of the Exchange Agent that such taxes are not
      payable. 

     

    (c)  Affiliates.
      Certificates surrendered for exchange by any person constituting an “affiliate”
of EWBC for purposes of Rule 145 under the Securities Act, shall not be
      exchanged for certificates representing whole shares of EWBC Common Stock until
      EWBC has received an Affiliate Agreement from such person. 

     

    (d)  No
      Liability.
      Notwithstanding the foregoing, neither the Exchange Agent nor any party hereto
      shall be liable to any former holder of SB Common Stock for any amount properly
      delivered to a public official pursuant to applicable abandoned property,
      escheat or similar laws. 

     

    (e)  Voting
      and Dividends.
      Former shareholders of record of SB shall not be entitled to vote after the
      Effective Time at any meeting of EWBC shareholders until such holders have
      exchanged their certificates representing SB Common Stock for certificates
      representing EWBC Common Stock in accordance with the provisions of this
      Agreement. Until surrendered for exchange in accordance with the provisions
      of
      this Section 3.04, each certificate previously representing shares of SB Common
      Stock (other than Dissenters’ Shares and Treasury Shares) shall from and after
      the Effective Time represent for all purposes only the right to receive shares
      of EWBC Common Stock, cash and cash in lieu of fractional shares, as set forth
      in this Agreement. No dividends or other distributions declared or made after
      the Effective Time with respect to EWBC Common Stock with a record date after
      the Effective Time shall be paid to the holder of any certificate of SB Common
      Stock with respect to the shares of EWBC Common Stock represented thereby,
      until
      the holder of such certificate of SB Common Stock shall surrender such
      certificate. Subject to the effect of applicable laws, following surrender
      of
      any such certificates of SB Common Stock for which shares of EWBC Common Stock
      are to be issued, there shall be paid to the holder of the certificates without
      interest, (i) the amount of any cash payable with respect to a fractional share
      of EWBC Common Stock to which such holder is entitled pursuant to Section 3.03
      and the amount of dividends or other distributions with a record date after
      the
      Effective Time theretofore paid with respect to such whole shares of EWBC Common
      Stock, and (ii) at the appropriate payment date, the amount of dividends or
      other distributions with a record date after the Effective Time but prior to
      surrender and a payment date subsequent to surrender payable with respect to
      such whole shares of EWBC Common Stock. 

     

    (f)  Withholding
      Rights.
      EWBC or the Exchange Agent shall be entitled to deduct and withhold from the
      consideration otherwise payable pursuant to this Agreement to any holder of
      shares of SB Common Stock such amounts as EWBC or the Exchange Agent is required
      to deduct and withhold with respect to the making of such payment under the
      Code, or any provision of state, local or foreign tax law. To the extent that
      amounts are so withheld by EWBC or the Exchange Agent, such withheld amounts
      shall be treated for all purposes of this Agreement as having been paid to
      the
      holder of the shares of SB Common Stock in respect of which such deduction
      and
      withholding was made by EWBC or the Exchange Agent. 

     

    SECTION
      3.05   Anti-Dilution
      Provisions.
      In the event EWBC or SB changes (or establishes a record date for changing)
      the
      number of shares of EWBC Common Stock or SB Common Stock issued and outstanding
      prior to the Effective Date as a result of a stock split, stock dividend,
      recapitalization or similar transaction with respect to the outstanding EWBC
      Common Stock or SB Common Stock, as the case may be, and the record date
      therefore shall be prior to the Effective Date, the Stock Portion and Per Share
      Stock Consideration shall be proportionately adjusted. If, between the date
      hereof and the Effective Time, EWBC shall merge, be acquired or consolidate
      with, by or into any other corporation (a “Business Combination”) and the terms
      thereof shall provide that EWBC Common Stock shall be converted into or
      exchanged for the shares of any other corporation or entity, then provision
      shall be made as part of the terms of such Business Combination so that
      shareholders of SB who would be entitled to receive shares of EWBC Common Stock
      pursuant to this Agreement shall be entitled to receive, in lieu of each share
      of EWBC Common Stock issuable to such shareholders as provided herein, the
      same
      kind and amount of securities or assets as shall be distributable upon such
      Business Combination with respect to one share of EWBC Common Stock (provided
      that nothing herein shall be construed so as to release the acquiring entity
      in
      any such Business Combination from its obligations under this Agreement as
      the
      successor to EWBC). 

     

    SECTION
      3.06   Dissenters’
      Rights.
      

     

    (a)  Any
      Dissenting Shareholder who shall be entitled to be paid the value of such
      shareholder’s shares of SB Common Stock, as provided in 12 C.F.R. Section
      552.14, shall not be entitled to the Merger Consideration in respect thereof
      provided for under Section 3.02 unless and until such Dissenting Shareholder
      shall have failed to perfect or shall have effectively withdrawn or lost such
      Dissenting Shareholder’s right to dissent from the Merger under HOLA, and shall
      be entitled to receive only the payment provided for by 12 C.F.R. Section 552.14
      with respect to such Dissenters’ Shares. 

     

    (b)  If
      any Dissenting Shareholder shall fail to perfect or shall have effectively
      withdrawn or lost such right to dissent, each share of SB Common Stock of such
      Dissenting Shareholder shall be converted at EWBC’s discretion into the right to
      receive the Per Share Cash Consideration or the Per Share Stock Consideration
      to
      be necessary or appropriate to preserve the status of the Merger as a
      reorganization within the meaning of Section 368(a) of the Code.

     

    (c)  SB
      shall give EWB prompt notice upon receipt by SB of any written demands for
      dissenters’ rights, withdrawal of such demands, and any other documents received
      or instruments served relating to Dissenting Shares and shall give EWB the
      opportunity to direct all negotiations and proceedings with respect to such
      demands. SB shall not voluntarily make any payment with respect to any demands
      for dissenters’ rights and shall not, except with the prior written consent of
      EWB, settle or offer to settle such demands. Each holder of Dissenting Shares
      who becomes entitled to payment for his or her Dissenting Shares shall receive
      payment therefore from EWB and such Dissenting Shares shall be
      canceled.

     

    ARTICLE
      IV  

     

    

     

    ACTIONS
      PENDING ACQUISITION

     

    SECTION
      4.01   Forbearances
      of SB.
      From the date hereof until the Effective Time, except as expressly contemplated
      by this Agreement, without the prior written consent of EWBC, which consent
      shall not be unreasonably withheld, SB will not: 

     

    (a)  Ordinary
      Course.
      Except as set forth in SB Disclosure Schedule 4.01(a), and pursuant to the
      terms
      of Section 6.21 hereof, conduct the business of SB other than in the ordinary
      and usual course or fail to use its best efforts to preserve intact its business
      organizations and assets and maintain its rights, franchises and existing
      relations with customers, suppliers, employees and business associates, take
      any
      action that would adversely affect or delay the ability of SB, EWBC or any
      Subsidiaries of EWBC to perform any of their obligations on a timely basis
      under
      this Agreement, or take any action that would be reasonably likely to have
      a
      Material Adverse Effect on SB.

     

    (b)  Capital
      Stock.
      (i) receive any new capital contribution; (ii) issue, sell or otherwise permit
      to become outstanding, or authorize the creation of, any additional shares
      of
      stock or any Rights other than the exercise of Options specified on Schedule
      5.03(b) of the SB Disclosure Schedule, (iii) enter into any agreement with
      respect to the foregoing or (iv) permit any additional shares of stock to become
      subject to grants of employee or director stock options, other Rights or similar
      stock-based employee rights.

     

    (c)  Dividends;
      Etc.
      (i) except for dividends declared and paid in accordance with the past practices
      of SB, make, declare, pay or set aside for payment any dividend on or in respect
      of, or declare or make any distribution on any shares of stock or (ii) directly
      or indirectly adjust, split, combine, redeem, reclassify, purchase or otherwise
      acquire, any shares of its capital stock.

     

    (d)  Compensation;
      Employment Agreements; Etc.
      Enter into or amend or renew any employment, consulting, severance or similar
      agreements or arrangements with any director, officer or employee of SB or
      grant
      any salary or wage increase or increase any employee benefit (including
      incentive or bonus payments), except (i) for normal individual increases in
      compensation to employees in the ordinary course of business consistent with
      past practice, provided that no such increase shall result in an annual
      adjustment of more than 5%, (ii) for other changes that are required by
      applicable law, (iii) to satisfy contractual or other obligations existing
      as of
      the date hereof and set forth in SB Disclosure Schedule 4.01(d), or (iv) for
      grants of awards to newly hired employees consistent with past
      practice.

     

    (e)  Hiring
      and Terminations.
      Hire any person as an employee of SB or promote any employee, except (i) to
      satisfy contractual or regulatory obligations existing as of the date hereof
      and
      set forth in SB Disclosure Schedule 4.01(e) and (ii) persons hired to fill
      any
      vacancies arising after the date hereof and whose employment is terminable
      at
      the will of SB, other than any person to be hired who would have a base salary,
      including any guaranteed bonus or any similar bonus, considered on an annual
      basis of more than $50,000. 

     

    (f)  Benefit
      Plans.
      Enter into, establish, adopt or amend (except (i) as may be required by
      applicable law or (ii) to satisfy contractual obligations existing as of the
      date hereof and set forth in SB Disclosure Schedule 4.01(f) or (iii) payments
      under SB’s profit sharing plan paid in accordance with SB’s past practices) any
      pension, retirement, stock option, stock purchase, savings, profit sharing,
      deferred compensation, consulting, bonus, group insurance or other employee
      benefit, incentive or welfare contract, plan or arrangement, or any trust
      agreement (or similar arrangement) related thereto, in respect of any employee,
      officer, director, consultant or other service provider of SB or take any action
      to accelerate the vesting or exercisability of any stock options, restricted
      stock or other compensation or benefits payable thereunder. 

     

    (g)  Dispositions.
      Except as set forth in SB Disclosure Schedule 4.01(g), as permitted by Section
      4.01(a) and in accordance with Section 6.21, sell, transfer, mortgage, encumber
      or otherwise dispose of or discontinue any of its assets, deposits, business
      or
      properties except in the ordinary course of business and in a transaction that,
      together with all other such transactions, is not material to SB. 

     

    (h)  Acquisitions.
      Acquire (other than by way of foreclosures or acquisitions of control in a
      bona
      fide fiduciary capacity or in satisfaction of debts previously contracted in
      good faith, in each case in the ordinary and usual course of business consistent
      with past practice) all or any portion of the assets, business, deposits or
      properties of any other entity except in the ordinary course of business
      consistent with past practice and in a transaction that, together with all
      other
      such transactions, is not material to SB. 

     

    (i)  Capital
      Expenditures.
      Except as set forth in SB Disclosure Schedule 4.01(i), make any capital
      expenditures other than capital expenditures in the ordinary course of business
      consistent with past practice in amounts not exceeding $25,000 individually
      or
      $50,000 in the aggregate. 

     

    (j)  Governing
      Documents.
      Amend the SB Charter or the SB By-Laws. 

     

    (k)  Accounting
      Methods.
      Implement or adopt any change in its accounting principles, practices or
      methods, other than as may be required by GAAP. 

     

    (l)  Contracts.
      Except as set forth in SB Disclosure Schedule 4.01(l), as permitted under
      Section 4.01(a) and Section 6,10(a) with respect to the payment of insurance
      premiums or in accordance with Section 6.21, enter into, renew or terminate,
      or
      make any payment not then required under, any contract or agreement that calls
      for aggregate annual payments of $25,000 or more and which is not terminable
      at
      will or with 60 days or less notice without payment of a premium or penalty,
      other than loans and other transactions made in the ordinary course of the
      banking business. 

     

    (m)  Claims.
      Enter into any settlement or similar agreement with respect to, or take any
      other significant action with respect to the conduct of, any action, suit,
      proceeding, order or investigation to which SB is or becomes a party after
      the
      effective date of this Agreement, which settlement, agreement or action involves
      payment by SB of an amount, individually or for all such settlements, that
      is
      material to SB and/or would impose any material restriction on the business
      of
      the Surviving Bank or create precedent for claims that are reasonably likely
      to
      be material to SB. 

     

    (n)  Adverse
      Actions.
      Knowingly take any action which could result in (i) any of its representations
      and warranties set forth in this Agreement being or becoming untrue at any
      time
      at or prior to the Effective Time, (ii) any of the conditions to the Merger
      set
      forth in Article VII not being satisfied or (iii) a material violation of any
      provision of this Agreement except as may be required by applicable law or
      regulation. 

     

    (o)  Risk
      Management.
      Except as required by applicable law or regulation of the OTS, (i) implement
      or
      adopt any material change in its interest rate and other risk management
      policies, procedures or practices, (ii) fail to follow its existing policies
      or
      practices with respect to managing its exposure to interest rate and other
      risk
      or (iii) fail to use commercially reasonable means to avoid any material
      increase in its aggregate exposure to interest rate risk. 

     

    (p)  Indebtedness.
      Incur any indebtedness for borrowed money (other than deposits, Federal Funds
      borrowings and borrowings from the Federal Home Loan Bank of San Francisco)
      or
      assume, guarantee, endorse or otherwise as an accommodation become responsible
      for the obligations of any other Person. 

     

    (q)  Loans.
      Make any loan, loan commitment or renewal or extension thereof to any Person
      which would, when aggregated with all outstanding loans, commitments for loans
      or renewals or extensions thereof made to such Person and any affiliate or
      immediate family member of such Person, exceed $500,000 (or $1,000,000 in the
      case of renewals of existing, passed rated credit) without submitting complete
      loan package information to the chief credit officer of EWB for review with
      a
      right of comment at least two full Business Days prior to taking such action.
      

     

    (r)  Investments.
      (i) Other than in the ordinary course of business consistent with past practice
      in individual amounts not to exceed $1,000,000 or in securities transactions
      as
      provided in (ii) below, make any investment either by contributions to capital,
      property transfers or purchase of any property or assets of any Person or (ii)
      other than purchases of direct obligations of the United States of America
      or
      obligations of U.S. government agencies which are entitled to the full faith
      and
      credit of the United States of America, in any case with a remaining maturity
      at
      the time of purchase of two years or less, purchase or acquire securities of
      any
      type; provided, however, that in the case of investment securities, SB may
      purchase investment securities if, within five Business Days after SB requests
      in writing (which shall describe in detail the investment securities to be
      purchased and the price thereof) that EWB consent to making of any such
      purchase, EWB has approved such request in writing or has not responded in
      writing to such request. 

     

    (s)  Taxes.
      Take any action which would materially adversely affect the tax position of
      SB
      or its successor after the Merger. 

     

    (t)  Commitments.
      Agree or commit to do any of the foregoing. 

     

    SECTION
      4.02   Forbearances
      of EWBC.
      From the date hereof until the Effective Time, except as expressly contemplated
      by this Agreement, without the prior written consent of SB, which consent shall
      not be unreasonably withheld, EWBC will not, and will cause each of its
      Subsidiaries not to: 

     

    (a)  Ordinary
      Course.
      Take any action reasonably likely to have an adverse effect on EWBC’s ability to
      perform any of its material obligations under this Agreement. 

     

    (b)  Adverse
      Actions.
      Knowingly take any action that is intended or is reasonably likely to result
      in
      (i) any of its representations and warranties set forth in this Agreement being
      or becoming untrue in any material respect at any time at or prior to the
      Effective Time, (ii) any of the conditions to the Merger set forth in Article
      VII not being satisfied or (iii) a material violation of any provision of this
      Agreement except as may be required by applicable law or regulation.

     

    (c)  Commitments.
      Agree or commit to do any of the foregoing. 

     

    ARTICLE
      V  

     

    

     

    REPRESENTATIONS
      AND WARRANTIES

     

    SECTION
      5.01   Disclosure
      Schedules.
      SB shall deliver a schedule to EWBC (the “SB Disclosure Schedule”) and EWBC
      shall deliver a schedule to SB (the “EWBC Disclosure Schedule”), (collectively,
      the “Disclosure Schedules”) on or prior to the effective date of this Agreement,
      setting forth, among other things, items the disclosure of which is necessary
      or
      appropriate either in response to an express disclosure requirement contained
      in
      a provision of this Agreement or as an exception to one or more representations
      or warranties contained in Section 5.03 or Section 5.04, respectively, or to
      one
      or more of their respective covenants contained in Article VI. If delivered
      after the date hereof, any material adverse disclosure not previously provided
      to EWBC shall entitle EWBC to terminate the Agreement in its sole discretion
      as
      provided in Article VIII. Items listed on the Disclosure Schedules shall only
      be
      considered exceptions to the specific Sections for which such item is scheduled.
      

     

    SECTION
      5.02   Standard.
      No representation or warranty of EWBC, EWB or SB contained in Sections 5.03
      or
      5.04, respectively, shall be deemed untrue or incorrect, and no party hereto
      shall be deemed to have breached a representation or warranty, as a consequence
      of the existence of any fact, event or circumstance unless such fact,
      circumstance or event, individually or taken together with all other facts,
      events or circumstances inconsistent with any representation or warranty
      contained in Section 5.03 or 5.04, has had or is reasonably likely to have
      a
      Material Adverse Effect on the party making such representation or warranty.
      

     

    SECTION
      5.03   Representations
      and Warranties of SB.
      Subject to Sections 5.01 and 5.02 and except as set forth in the SB Disclosure
      Schedule with respect to a particular Section, SB hereby represents and warrants
      to EWBC and EWB: 

     

    (a)  Organization,
      Standing and Authority.
      SB is a federally chartered savings association duly licensed by and in good
      standing with the OTS, and its deposits are insured by the FDIC through the
      Bank
      Insurance Fund and the Savings Association Insurance Fund in the manner and
      to
      the fullest extent provided by law. 

     

    (b)  SB
      Capital Stock.
      As of the date hereof, the only authorized capital stock of SB consists of
      3,500,000 shares of SB Common Stock, of which 227,400 shares are issued and
      outstanding. There are 1,500,000 shares of preferred stock authorized with
      none
      of such preferred stock outstanding. As of the date hereof, no shares of SB
      Common Stock were held in treasury by SB or otherwise owned by SB. SB has no
      stock option plan nor any stock option issued, granted, outstanding or
      exercisable except as provided in Schedule 5.03(b) of the SB Disclosure
      Schedule. The outstanding shares of SB Common Stock have been duly authorized
      and are validly issued and outstanding, and subject to no preemptive rights
      (and
      were not issued in violation of any preemptive rights). There are no authorized
      shares of SB Common Stock that are reserved for issuance except as provided
      in
      Schedule 5.03(b) of the SB Disclosure Schedule. SB does not have any other
      Rights issued or outstanding with respect to SB Common Stock. SB does not have
      any commitment to authorize, issue or sell any SB Common Stock. 

     

    (c)  Subsidiaries;
      Equity Investments. 

     

    (i)  SB
      has no Subsidiaries. 

     

    (ii)  SB
      does not own beneficially, directly or indirectly, any equity securities or
      similar interests of any Person or any interests of any Person or any interest
      in a partnership or joint venture of any kind, except as shown on SB Disclosure
      Schedule 5.03(c).

     

    (d)  Corporate
      Power.
      SB has the corporate power and authority to carry on its business as it is
      now
      being conducted and to own all its properties and assets; and SB has the
      corporate power and authority and has taken all corporate action necessary
      to
      execute, deliver and perform its obligations under this Agreement and to
      consummate the transactions contemplated hereby. 

     

    (e)  Corporate
      Authority and Approvals.
      Subject to approval hereof by the SB shareholders, this Agreement has been
      authorized by all necessary corporate action of SB. Subject to receipt of the
      required approvals, consents or waivers of Governmental Authorities referred
      to
      in Section 5.03(g), this Agreement is a valid and binding agreement of SB
      enforceable against it in accordance with its terms, subject as to enforcement
      in bankruptcy, insolvency, reorganization, moratorium and similar laws of
      general applicability relating to or affecting creditors’ rights and to general
      equity principles.

     

    (i)  The
      affirmative vote or written consent of at least 66.7% of the outstanding shares
      of SB Common Stock is the only shareholder vote or consent required for approval
      of this Agreement and consummation of the Merger and the other transactions
      contemplated hereby.

     

    (ii)  The
      SB Disclosure Schedule lists all directors of SB and all holders of more than
      5%
      of the SB Common Stock and identifies all SB loans to and deposits from such
      persons and, to the knowledge of SB, identifies all SB loans to and deposits
      from affiliates or companies controlled by such Persons.

     

    (f)  Board
      Resolutions.
      As of the date hereof, with respect to each of clauses (i), (ii) and (iii)
      below, SB’s board of directors, by resolutions duly adopted by unanimous vote at
      a meeting duly called and held, has duly (i) determined that this Agreement
      and
      the Merger are advisable and fair to and in the best interests of SB and its
      shareholders, (ii) approved this Agreement and the Merger and (iii) recommended
      that its shareholders approve this Agreement and the Merger. 

     

    (g)  Regulatory
      Approvals; No Violations.
      

     

    (i)  No
      consents or approvals of, or waivers by, or filings or registrations with,
      any
      Governmental Authority or with any third party are required to be made or
      obtained by SB or any Subsidiary of SB in connection with the execution,
      delivery or performance by SB of this Agreement or to consummate the Merger
      except for (A) filings of applications or notices with, and approvals or waivers
      by, the Federal Reserve Board, the OTS and any other Regulatory Authority,
      as
      may be required, (B) filings with state securities authorities and (C) the
      approval of this Agreement by the holders of at least 66.67% of the outstanding
      shares of SB Common Stock. As of the date hereof, SB is not aware of any reason
      why the approvals set forth in Section 7.01(b) will not be received without
      the
      imposition of a condition, restriction or requirement of the type described
      in
      Section 7.01(b), except as described on SB Disclosure Schedule 5.03(g).

     

    (ii)  Subject
      to receipt of the approvals referred to in Section 5.03(g)(i), and the
      expiration of related waiting periods, and required filings under federal and
      state securities laws, the execution, delivery and performance of this Agreement
      by SB and the consummation of the transactions contemplated hereby and thereby
      do not and will not (A) constitute a breach or violation of, or a default under,
      or give rise to any Lien, any acceleration of remedies or any right of
      termination under, any law, rule or regulation or any judgment, decree, order,
      governmental permit or license, or agreement, indenture or instrument of SB
      or
      to which SB or any of its respective properties is subject or bound, (B)
      constitute a breach or violation of, or a default under, the SB Charter or
      the
      SB By-Laws (or similar governing documents), or (C) require any consent or
      approval under any such law, rule, regulation, judgment, decree, order,
      governmental permit or license, agreement, indenture or instrument.

     

    (h)  Financial
      Reports; Undisclosed Liabilities.
      

     

    (i)  The
      consolidated balance sheet of SB as of December 31, 2004, and the related
      consolidated statements of income, cash flow and changes in financial position
      of SB for the three years then ended, audited by Deloitte & Touche, and the
      consolidated balance sheet of SB as of September 30, 2005, and the related
      consolidated statements of income, cash flow and changes in financial position
      of SB for the nine month period then ended, fairly present the financial
      position of SB as of such dates and the results of the operations of SB for
      the
      periods then ended, all in accordance with GAAP consistently applied (or in
      accordance with regulatory accounting principles to the extent different from
      GAAP and required by a Regulatory Authority to which SB is subject). The books
      and records of SB have been, and are being, maintained in accordance with GAAP
      and any other applicable legal and accounting requirements. 

     

    (ii)  SB
      has timely filed all reports, registrations and statements, together with any
      amendments required to be made with respect thereto, required to be filed since
      December 31, 2002 with any Regulatory Authority (collectively, the “Regulatory
      Filings”) and all other material reports and statements required to be filed by
      it since December 31, 2002, including, without limitation, any report or
      statement required to be filed pursuant to the laws of the United States and
      the
      rules and regulations of the OTS and any other Regulatory Authority, and has
      paid all fees and assessments due and payable in connection therewith. As of
      their respective dates, such reports, registrations and statements complied
      in
      all material respects with all the laws, rules and regulations of the applicable
      Regulatory Agency with which they were filed. 

     

    (iii)  Since
      December 31, 2004, SB has not incurred any liability other than in the ordinary
      course of business consistent with past practice or as otherwise contemplated
      by
      this Agreement. 

     

    (iv)  Since
      December 31, 2004, (A) SB has conducted its business in the ordinary and usual
      course consistent with past practice (excluding the incurrence of expenses
      related to this Agreement and the transactions contemplated hereby) and (B)
      no
      event has occurred or circumstance arisen that, individually or taken together
      with all other facts, circumstances and events (described in any paragraph
      of
      this Section 5.03 or otherwise), has had or could be reasonably likely to have
      a
      Material Adverse Effect with respect to SB. 

     

    (i)  Litigation.
      Except as set forth on SB Disclosure Schedule 5.03(i), no litigation, claim
      or
      other proceeding before any court or governmental agency is pending against
      SB
      and, to SB’s knowledge, no such litigation, claim or other proceeding has been
      threatened and there are no facts which could reasonably give rise to such
      litigation, claim or other proceeding. 

     

    (j)  Regulatory
      Matters.
      Except as set forth on SB Disclosure Schedule 5.03(j): 

     

    (i)  SB
      is not, directly or indirectly, party to or subject to any order, decree,
      agreement, memorandum of understanding or similar arrangement with, or a
      commitment letter or similar submission to, or extraordinary supervisory letter
      from, any federal or state governmental agency or authority charged with the
      supervision or regulation of financial institutions or issuers of securities
      or
      engaged in the insurance of deposits (including, without limitation, the OTS)
      or
      the supervision or regulation of it (collectively, the “Regulatory
      Authorities”). SB has paid all assessments made or imposed by any Regulatory
      Authority. 

     

    (ii)  SB
      has not been advised by, nor does it have any knowledge of facts which could
      give rise to an advisory notice by, any Regulatory Authority that such
      Regulatory Authority is contemplating issuing or requesting (or is considering
      the appropriateness of issuing or requesting) any such order, decree, agreement,
      memorandum of understanding, commitment letter, supervisory letter or similar
      submission. 

     

    (k)  Compliance
      With Laws.
      Except as set forth on SB Disclosure Schedule 5.03(k), SB: 

     

    (i)  is
      in compliance with all applicable federal, state, local and foreign statutes,
      laws, regulations, ordinances, rules, judgments, orders or decrees applicable
      thereto or to the employees conducting such businesses, including, without
      limitation, the Equal Credit Opportunity Act, the Fair Housing Act, the
      Community Reinvestment Act, the Home Mortgage Disclosure Act, the Bank Secrecy
      Act, Title III of the USA Patriot Act and all other applicable fair lending
      laws
      and other laws relating to discriminatory business practices; 

     

    (ii)  has
      all permits, licenses, authorizations, orders and approvals of, and has made
      all
      filings, applications and registrations with, all Governmental Authorities
      that
      are required in order to permit it to own or lease its properties and to conduct
      its businesses as presently conducted; all such permits, licenses, certificates
      of authority, orders and approvals are in full force and effect and, to SB’s
      knowledge, no suspension or cancellation of any of them is threatened; and
      

     

    (iii)  has
      received, since December 31, 2004, no notification or communication from any
      Governmental Authority (A) asserting that SB is not in compliance with any
      of
      the statutes, regulations or ordinances which such Governmental Authority
      enforces or (B) threatening to revoke any license, franchise, permit or
      governmental authorization (nor, to SB’s knowledge, do any grounds for any of
      the foregoing exist). 

     

    (l)  Contracts;
      Defaults.
      

     

    (i)  Except
      as set forth on SB Disclosure Schedule 5.03(l), SB is not a party to, bound
      by
      or subject to any agreement, contract, arrangement, commitment or understanding
      (whether written or oral) (i) that is a “material contract” within the meaning
      of Item 601(b)(10) of the SEC’s Regulation S-K or (ii) that materially restricts
      the conduct of business by SB. Except as set forth on SB Disclosure Schedule
      5.03(l), SB is not in default under any contract, agreement, commitment,
      arrangement, lease, insurance policy or other instrument to which it is a party,
      by which its assets, business, or operations may be bound or affected, or under
      which it or its assets, business, or operations receives benefits, and there
      has
      not occurred any event that, with the lapse of time or the giving of notice
      or
      both, would constitute such a default. No power of attorney or similar
      authorization given directly or indirectly by SB is currently outstanding.
      SB
      Disclosure Schedule 5.03(l) also sets forth a true and complete list of all
      third party consents or waivers required to be obtained so as not to be in
      default under any contract, agreement, commitment, arrangement, lease, insurance
      policy or other instrument to which SB is a party as a result of the transaction
      contemplated hereby. 

     

    (ii)  SB
      is not party to any oral or written (A) consulting agreement not terminable
      on
      30 days’ or less notice, (B) agreement with any executive officer or other key
      employee of SB the benefits of which are contingent, or the terms of which
      are
      materially altered, upon the occurrence of a transaction involving SB of the
      nature contemplated by this Agreement, (C) agreement with respect to any
      employee of SB providing any term of employment or compensation guarantee,
      (D)
      agreement or plan, including any stock option plan, stock appreciation rights
      plan, restricted stock plan or stock purchase plan, any of the benefits of
      which
      will be increased, or the vesting of the benefits of which will be accelerated,
      by the occurrence of any of the transactions contemplated by this Agreement
      or
      the value of any of the benefits of which will be calculated on the basis of
      any
      of the transactions contemplated by this Agreement, (E) agreement which requires
      the payment of referral fees or commissions or other fees in connection with
      deposits, loans or any other business, (F) agreement containing covenants that
      limit the ability of SB to compete in any line of business or with any person,
      or that involves any restriction on the geographic area in which, or method
      by
      which, SB may carry on its business (other than as may be required by law or
      any
      Regulatory Authorities) or exclusive dealing contract that limits the ability
      of
      SB to contract with certain persons or to directly engage in certain activities,
      or (G) agreement which requires further payments over the remaining term of
      the
      contract in excess of $100,000.

     

    (m)  No
      Brokers.
      No action has been taken by SB that would give rise to any valid claim against
      any party hereto for a brokerage commission, finder’s fee or other like payment
      with respect to the transactions contemplated by this Agreement. 

     

    (n)  Employee
      Benefit Plans.
      

     

    (i)  All
      benefit and compensation plans, contracts, policies or arrangements covering
      current or former employees, including officers, of SB and current or former
      directors, consultants and other service providers of SB including, but not
      limited to, “employee benefit plans” within the meaning of Section 3(3) of
      ERISA, and deferred compensation, stock option, stock purchase, stock
      appreciation rights, stock based, incentive and bonus plans (the “Benefit
      Plans”), are set forth in SB Disclosure Schedule 5.03(n). True and complete
      copies of all Benefit Plans and all amendments thereto and all documents related
      thereto have been provided or made available to EWBC, including but not limited
      to (i) the Form 5500 for each Benefit Plan (if applicable) for each of the
      three
      most recent plan years for which such forms are required to have been filed,
      (ii) the most recent determination letter from the IRS (if applicable) for
      such
      Benefit Plan, (iii) a copy of the most recent summary plan description required
      for such Benefit Plan under ERISA (if applicable), (iv) a copy of the trust
      instruments(s), insurance contract(s) and other funding agreement(s) forming
      a
      part of any Benefit Plan, and (v) the latest financial statements of the Benefit
      Plan (if applicable). 

     

    (ii)  All
      Benefits Plans have been operated and administered in accordance with their
      terms and applicable law, including, but not limited to, ERISA and the Code.
      Except as set forth on SB Disclosure Schedule 5.03(n)(ii), each Benefit Plan
      which is an “employee pension benefit plan” within the meaning of Section 3(2)
      of ERISA (“Pension Plan”) and which is intended to be qualified under Section
      401(a) of the Code does so qualify, and SB has received a favorable
      determination letter from the Internal Revenue Service with respect to such
      qualification covering all tax law changes with respect to which Internal
      Revenue Service determination letters can be issued, and no circumstances have
      occurred that are likely to result in revocation of any such favorable
      determination letter or the loss of the qualification of such Pension Plan
      under
      Section 401(a) of the Code. There is no pending or threatened litigation
      relating to any of the Benefits Plans. Neither SB nor any ERISA Affiliate (as
      defined below) has engaged in a transaction, taken any action or failed to
      take
      any action or to meet any requirement with respect to any Benefit Plan or
      Pension Plan that, assuming the taxable period of such transaction expired
      as of
      the date hereof, could subject SB to a tax or penalty imposed by any of Sections
      4971, 4972, 4975, 4976, 4977, 4978, 4979, 4980, 4980B, 4980D, 4980E, 4980F,
      or
      4980G, of the Code or Sections 409 or 502(i) of ERISA. 

     

    (iii)  No
      liability under of Title IV of ERISA has been or is expected to be incurred
      by
      SB with respect to any ongoing, frozen or terminated “single-employer plan”,
      within the meaning of Section 4001(a)(15) of ERISA, currently or formerly
      maintained by it, or the single-employer plan of any entity which is considered
      one employer with SB under Section 4001 of ERISA or Section 414 of the Code
      (an
“ERISA Affiliate”), and SB is not aware of any condition that presents a
      significant risk to SB or any ERISA Affiliate of incurring any liability
      thereunder. Neither SB nor any ERISA Affiliate has ever participated in any
      “multiemployer plan” within the meaning of Section 3(37) of ERISA. SB has
      not incurred, and it does not expect to incur, any withdrawal liability with
      respect to a multiemployer plan under Subtitle E of Title IV of ERISA
      (regardless of whether based on contributions of an ERISA Affiliate). No notice
      of a “reportable event,” within the meaning of Section 4043 of ERISA for which
      the 30-day reporting requirement has not been waived, has been required to
      be
      filed for any Pension Plan or by any ERISA Affiliate within the 12-month period
      ending on the date hereof or will be required to be filed in connection with
      the
      transactions contemplated by this Agreement. 

     

    (iv)  All
      contributions required to be made under the terms of any Benefit Plan have
      been
      timely made. All contributions to each Benefit Plan in respect of all current
      and prior plan years have been accrued in accordance with GAAP and are reflected
      in SB’s financial statements. Neither any Pension Plan nor any single-employer
      plan of an ERISA Affiliate has an “accumulated funding deficiency” (whether or
      not waived) within the meaning of Section 412 of the Code or Section 302 of
      ERISA, and neither SB nor any ERISA Affiliate has an outstanding funding waiver.
      SB has not provided, nor is it required to provide, security to any Pension
      Plan
      or to any single-employer plan of an ERISA Affiliate pursuant to Section
      401(a)(29) of the Code. 

     

    (v)  Under
      each Pension Plan which is a single-employer plan, as of the last day of the
      most recent plan year ended prior to the date hereof, the actuarially determined
      present value of all “benefit liabilities,” within the meaning of Section
      4001(a)(16) of ERISA (as determined on the basis of the actuarial assumptions
      contained in the Pension Plan’s most recent actuarial valuation and on a
      termination basis), did not exceed the lesser of the actuarial value or the
      then
      current value of the assets of such Pension Plan, and there has been no material
      change in the financial condition of such Pension Plan since the last day of
      the
      most recent plan year. 

     

    (vi)  SB
      has no obligation to provide any current or former employee, officer, director,
      consultant or other service provider health, disability or life benefits beyond
      his or her retirement or other termination of service under any Benefit Plan,
      other than healthcare continuation coverage mandated by applicable law. SB
      may
      amend or terminate any Benefit Plan at any time without incurring any liability
      thereunder. 

     

    (vii)  Except
      as set forth on SB Disclosure Schedule 5.03(n)(vii), none of the execution
      of
      this Agreement, shareholder approval of this Agreement or consummation of the
      transactions contemplated by this Agreement will, either alone or in combination
      with any other event, (A) entitle any current or former employee, officer,
      director, consultant or other service provider of SB to severance pay or any
      other payment or benefit, or any increase in severance pay or any other payment
      or benefit upon any termination of employment or other relationship after the
      date hereof, (B) accelerate the time of payment or vesting or trigger any
      payment or funding (through a grantor trust or otherwise) of compensation or
      benefits under, increase the amount payable or trigger any other material
      obligation pursuant to, any of the Benefit Plans, (C) result in any breach
      or
      violation of, or a default under, any of the Benefit Plans or (D) result in
      any
      payment that would be a “parachute payment” to a “disqualified individual” as
      those terms are defined in Section 280G of the Code, without regard to whether
      such payment is reasonable compensation for personal services performed or
      to be
      performed in the future. SB Disclosure Schedule 5.03(n)(vii) categorizes any
      such exceptions according to the categories above and sets forth the amounts
      of
      any such payments to the persons listed thereon. 

     

    (viii)  No
      Benefit Plan that is subject to section 409A of the Code fails to meet any
      requirement of Section 409A of the Code that would result in any Benefit Plan
      participant having liability for additional interest or the 20% addition to
      tax
      under such section of the Code.

     

    (o)  Labor
      Matters.
      SB is not a party to nor bound by any collective bargaining agreement, contract
      or other agreement or understanding with a labor union or labor organization,
      nor is it the subject of a proceeding asserting that it has committed an unfair
      labor practice (within the meaning of the National Labor Relations Act) or
      seeking to compel SB to bargain with any labor organization as to wages or
      conditions of employment, nor is there any strike or other labor dispute
      involving it or, to SB’s knowledge, threatened, nor is SB aware of any activity
      involving its employees seeking to certify a collective bargaining unit or
      engaging in other organizational activity. 

     

    (p)  Environmental
      Matters.
      (i) SB has complied at all times with applicable Environmental Laws; (ii) no
      real property (including buildings or other structures) currently or formerly
      owned or operated by SB, or any property in which SB has held a security
      interest, Lien or a fiduciary or management role (“SB Loan Property”), has been
      contaminated with, or has had any release of, any Hazardous Substance that
      could
      reasonably be expected to result in liability to SB arising out of any
      Environmental Law; (iii) neither SB nor any Subsidiary of SB could be deemed
      the
      owner or operator of any SB Loan Property under any Environmental Law which
      such
      SB Loan Property has been contaminated with, or has had any release of, any
      Hazardous Substance; (iv) SB is not subject to liability for any Hazardous
      Substance disposal or contamination on any third party property; (v) SB has
      not
      received any notice, demand letter, claim or request for information alleging
      any violation of, or liability under, any Environmental Law; (vi) SB is not
      subject to any order, decree, injunction or other agreement with any
      Governmental Authority or any third party relating to any Environmental Law;
      (vii) there are no circumstances or conditions (including the presence of
      asbestos, underground storage tanks, lead products, polychlorinated biphenyls,
      prior manufacturing operations, dry-cleaning, or automotive services) involving
      SB, any currently or formerly owned or operated property, or any SB Loan
      Property, that could reasonably be expected to result in any claims, liability
      or investigations against SB, result in any restrictions on the ownership,
      use,
      or transfer of any property pursuant to any Environmental Law, or adversely
      affect the value of any SB Loan Property and (viii) SB has made available to
      EWBC copies of all environmental reports, studies, sampling data,
      correspondence, filings and other environmental information in its possession
      or
      reasonably available to it relating to SB, and any currently or formerly owned
      or operated property or any SB Loan Property. 

     

    As
      used herein, the term “Environmental Laws” means any federal, state or local
      law, regulation, order, decree, permit, authorization, opinion, common law
      or
      agency requirement relating to: (A) the protection or restoration of the
      environment, health, safety, or natural resources, (B) the handling, use,
      presence, disposal, release or threatened release of any Hazardous Substance
      or
      (C) noise, odor, wetlands, indoor air, pollution, contamination or any injury
      or
      threat of injury to persons or property in connection with any Hazardous
      Substance and the term “Hazardous Substance” means any substance in any
      concentration that is: (A) listed, classified or regulated pursuant to any
      Environmental Law, (B) any petroleum product or by-product, asbestos-containing
      material, lead-containing paint or plumbing, polychlorinated biphenyls,
      radioactive materials or radon or (C) any other substance which is or may be
      the
      subject of regulatory action by any Governmental Authority in connection with
      any Environmental Law. 

     

    (q)  Tax
      Matters.
      

     

    (i)  Except
      as set forth SB Disclosure Schedule 5.03(q)(i), SB has: 

     

    (A)  duly
      and timely filed (including applicable extensions granted without penalty)
      all
      Tax Returns required to be filed by it, and such Tax Returns are true, correct
      and complete; 

     

    (B)  timely
      paid in full all Taxes required to be paid by it; and 

     

    (C)  made
      adequate provision in the financial statements of SB (in accordance with GAAP)
      for all Taxes not yet due. 

     

    (ii)  Except
      as set forth in SB Disclosure Schedule 5.03(q)(ii), no deficiencies for any
      Taxes have been proposed, asserted, assessed or, threatened in writing against
      or with respect to SB. 

     

    (iii)  Except
      as set forth in SB Disclosure Schedule 5.03(q)(iii) of the: 

     

    (A)  there
      are no Liens for Taxes upon the assets of SB except for statutory Liens for
      current Taxes not yet due; 

     

    (B)  SB
      has not requested any extension of time within which to file any Tax Returns
      in
      respect of any fiscal year which have not since been filed and no request for
      waivers of the time to assess any Taxes are pending or outstanding;

     

    (C)  no
      federal, state, local or foreign audits or other administrative proceedings
      or
      court proceedings are presently pending with regard to any Taxes (other than
      federal or state income Taxes) of SB, and SB has not received a written notice
      of any claims, audits or proceedings with respect to such Taxes; 

     

    (D)  with
      respect to each taxable period of SB, the federal and state income Tax Returns
      of SB have not been audited by the Internal Revenue Service or appropriate
      state
      tax authorities or the time for assessing and collecting income Tax with respect
      to such taxable period has closed and such taxable period is not subject to
      review; 

     

    (E)  SB
      has not filed or been included in a combined, consolidated or unitary income
      Tax
      Return other than one in which SB was the parent of the group filing such Tax
      Return; 

     

    (F)  SB
      is not a party to any agreement providing for the allocation, sharing, or
      indemnification of Taxes; 

     

    (G)  SB
      is not required to include in income any adjustment pursuant to Section 481(a)
      of the Code (or any similar or corresponding provision or requirement of state,
      local or foreign income Tax law), by reason of the voluntary change in
      accounting method (nor has any taxing authority proposed any such adjustment
      or
      change of accounting method); 

     

    (H)  no
      closing agreements, private letter rulings, technical advice memoranda or
      similar agreement or ruling have been entered into or issued by any taxing
      authority with respect to SB within five years of the effective date of this
      Agreement, and no such agreement or ruling has been applied for and is currently
      pending; 

     

    (I)  SB
      has not amended any Tax Returns or entered into any settlement or compromise
      of
      any income tax liability of SB; 

     

    (J)  SB
      has not granted in writing any power of attorney which is currently in force
      with respect to any Taxes or Tax Returns; 

     

    (K)  SB
      has not constituted either a “distributing corporation” or a “controlled
      corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a
      distribution of stock to which Section 355 of the Code (or so much of Section
      356 of the Code as relates to Section 355 of the Code) applies and which
      occurred within two years of the effective date of this Agreement; 

     

    (L)  no
      claim has been made in writing in any jurisdiction where SB does not file Tax
      Returns that any such entity is, or may be, subject to Tax by that
      jurisdiction;

     

    (M)  SB
      has not filed a consent pursuant to Section 341(f) of the Code or agreed to
      have
      Section 341(f)(2) of the Code apply to any disposition of a subsection (f)
      asset
      (as such term is defined in Section 341(f)(4) of the Code) owned by SB;

     

    (N)  SB
      has not executed or entered into a closing agreement pursuant to Section 7121
      of
      the Code or any predecessor provision thereof or any similar provision of state,
      local or foreign law; 

     

    (O)  SB
      has not been a “United States real property holding corporation” within the
      meaning of Section 897(c)(2) during the applicable period specified in
      897(c)(1)(A)(ii) of the Code; 

     

    (P)  SB
      has not engaged in a “reportable transaction” within the meaning of Treasury
      Regulations Section 1.6011-4; and 

     

    (Q)  as
      of the date hereof, SB has no reason to believe that any conditions exist or
      will exist that might prevent or impede the Merger from qualifying as a
      reorganization within the meaning of Section 368(a) of the Code. 

     

    (r)  Risk
      Management Instruments.
      SB is not a party to nor has it agreed to enter into an exchange traded or
      over-the-counter equity, interest rate, foreign exchange or other swap, forward,
      future, option, cap, floor or collar or any other contract that is not included
      on the balance sheet and is a derivatives contract (including various
      combinations thereof) (each, a “Derivatives Contract”) or owns securities that
      (i) are referred to generically as “structured notes,” “high risk mortgage
      derivatives,” “capped floating rate notes” or “capped floating rate mortgage
      derivatives” or (ii) are likely to have changes in value as a result of interest
      or exchange rate changes that significantly exceed normal changes in value
      attributable to interest or exchange rate changes, except for those Derivatives
      Contracts and other instruments legally purchased or entered into in the
      ordinary course of business, consistent with safe and sound banking practices
      and regulatory guidance. All of such Derivatives Contracts or other instruments,
      are legal, valid and binding obligations of SB, as the case may be, enforceable
      in accordance with their terms (except as enforcement may be limited by general
      principles of equity whether applied in a court of law or a court of equity
      and
      by bankruptcy, insolvency and similar laws affecting creditors’ rights and
      remedies generally), and are in full force and effect. SB has duly performed
      in
      all material respects all of their material obligations thereunder to the extent
      that such obligations to perform have accrued; and, to SB’s knowledge, there are
      no breaches, violations or defaults or allegations or assertions of such by
      any
      party thereunder which have had or could reasonably be expected to have a
      Material Adverse Effect on SB. 

     

    (s)  Books
      and Records.
      The books and records of SB have been fully, properly and accurately maintained
      in all material respects, and there are no material inaccuracies or
      discrepancies of any kind contained or reflected therein, and they fairly
      present the financial position of SB. 

     

    (t)  Insurance.
      SB Disclosure Schedule 5.03(t) sets forth a true and complete list of all of
      the
      insurance policies, binders, or bonds maintained by SB (“Insurance Policies”).
      SB is insured with reputable insurers against such risks and in such amounts
      as
      the management of SB reasonably has determined to be prudent in accordance
      with
      industry practices against such risks as companies engaged in a similar business
      would customarily be insured. Insurance applications for policies that are
      currently in force are complete and accurate. All the Insurance Policies are
      in
      full force and effect; SB is not in material default thereunder; and all claims
      thereunder have been filed in due and timely fashion. 

     

    (u)  Allowance
      For Loan Losses.
      SB’s Allowance for Loan Losses (“ALL”) is, and shall be as of the Effective
      Date, in compliance with SB’s existing methodology for determining the adequacy
      of its ALL as well as the standards established by applicable Governmental
      Authorities and the Financial Accounting Standards Board and is and shall be
      adequate under all such standards. 

     

    (v)  Trust
      Business.
      SB does not have trust powers.

     

    (w)  Real
      Property.
      

     

    (i)  SB
      Disclosure Schedule 5.03(w) contains a complete and correct list of (A) all
      real
      property or premises owned on the date hereof, in whole or in part by SB and
      all
      indebtedness secured by any encumbrance thereon, and (B) all real property
      or
      premises leased in whole or in part by SB and together with a list of all
      applicable leases and the name of the lessor. None of such premises or
      properties have been condemned or otherwise taken by any public authority and
      no
      condemnation or taking is threatened or contemplated and none thereof is subject
      to any claim, contract or law which might affect its use or value for the
      purposes now made of it. None of the premises or properties of SB is subject
      to
      any current or potential interests of third parties or other restrictions or
      limitations that would impair or be inconsistent in any material respect with
      the current use of such property by SB, as the case may be. 

     

    (ii)  Each
      of the leases referred to in the SB Disclosure Schedule is valid and existing
      and in full force and effect, and no party thereto is in default and no notice
      of a claim of default by any party has been delivered to SB or is now pending,
      and there does not exist any event that with notice or the passing of time,
      or
      both, would constitute a default or excuse performance by any party thereto,
      provided that with respect to matters relating to any party other than SB,
      the
      foregoing representation is based on the knowledge of SB.

     

    (x)  Title.
      SB has good title to its properties and assets (other than (i) property as
      to which it is lessee and (ii) real estate owned as a result of foreclosure,
      transfer in lieu of foreclosure or other transfer in satisfaction of a debtor’s
      obligation previously contracted) except (1) statutory Liens not yet delinquent
      which are being contested in good faith by appropriate proceedings, and Liens
      for taxes not yet due, (2) pledges of assets in the ordinary course of business
      to secure public deposits, (3) for those assets and properties disposed of
      for
      fair value in the ordinary course of business since the date of SB’s call report
      dated as of and for the quarter ended September 30, 2005 and (4) defects and
      irregularities of title and encumbrances that do not materially impair the
      use
      thereof for the purposes for which they are held. 

     

    (y)  Intellectual
      Property.
      SB owns or possesses valid and binding licenses and other rights to use (without
      payment) all material trade secrets, trade names, trademarks, service marks,
      inventions and processes used in its businesses; and SB has received no notice
      of conflict with respect thereto that asserts a right of others. SB has in
      all
      material respects performed all the obligations required to be performed by
      it
      and is not in default in any material respect under any contract, agreement,
      arrangement or commitment relating to any of the foregoing.

     

    (z)   Past
      Actions.
      SB has not extended or renewed any extension of credit in material violation
      of
      its applicable policies, applicable laws, regulations or administrative orders
      or interpretations. Since December 31, 2003, there have not been any acts of
      dishonesty, self-dealing or any breach of any statutory, contractual or
      fiduciary duties, or duty of loyalty on the part of any of the directors, or
      officers of SB in connection with their duties and responsibilities at
      SB.

     

    SECTION
      5.04   Representations
      and Warranties of EWBC and EWB.
      Subject to Sections 5.01 and Section 5.02, EWBC hereby represent and
      warrant to SB as follows: 

     

    (a)  Organization,
      Standing and Authority of EWBC.
      EWBC is duly organized, validly existing and in good standing under the laws
      of
      the State of Delaware. EWBC is duly qualified to do business and is in good
      standing in the states of the United States and foreign jurisdictions where
      its
      ownership or leasing of property or assets or the conduct of its business
      requires it to be so qualified. EWBC has in effect all federal, state, local,
      and foreign governmental authorizations necessary for it to own or lease its
      properties and assets and to carry on its business as it is now conducted.
      

     

    (b)  Organization,
      Standing and Authority of EWB.
      EWB is duly licensed by and in good standing with the Commissioner, and its
      deposits are insured by the Bank Insurance Fund or the Savings Association
      Insurance Fund in the manner and to the fullest extent provided by law. EWB
      is
      duly authorized to conduct a general banking business and is qualified and
      in
      good standing in the states of the United States and foreign jurisdictions
      where
      its ownership or leasing of property or assets or the conduct of its business
      requires it to be so qualified. EWB has in effect all federal, state, local,
      and
      foreign governmental authorizations necessary for it to own or lease its
      properties and assets and to carry on its banking business as it is now
      conducted. 

     

    (c)  EWBC
      Stock.
      

     

    (i)  As
      of the date hereof, the authorized capital stock of EWBC consists solely of
      200,000,000 shares of EWBC Common Stock, of which, as of December 19, 2005,
      56,519,891 shares are issued and outstanding, and 5,000,000 shares of EWBC
      Preferred Stock, of which no shares are issued and outstanding. 

     

    (ii)  As
      of the date hereof, the authorized capital stock of EWB consists of 50,000,000
      shares of EWB Common Stock, of which 23,775,000 are issued and outstanding.
      

     

    (iii)  The
      shares of EWBC Common Stock to be issued in exchange for shares of SB Common
      Stock in the Merger, when issued in accordance with the terms of this Agreement,
      will be duly authorized, validly issued, fully paid and nonassessable and the
      issuance thereof is not subject to any preemptive right. 

     

    (d)  Subsidiaries.
      Each of EWBC’s Subsidiaries has been duly organized and is validly existing in
      good standing under the laws of the jurisdiction of its organization, and is
      duly qualified to do business and in good standing in the jurisdictions where
      its ownership or leasing of property or the conduct of its business requires
      it
      to be so qualified and it owns, directly or indirectly, all the issued and
      outstanding equity securities of each of its Significant Subsidiaries.

     

    (e)  Corporate
      Power.
      EWBC and each of its Subsidiaries has the corporate power and authority to
      carry
      on its business as it is now being conducted and to own all its properties
      and
      assets; each of EWBC and EWB has the corporate power and authority to execute,
      deliver and perform their obligations under this Agreement and to consummate
      the
      transactions contemplated hereby.

     

    (f)  Corporate
      Authority.
      This Agreement and the transactions contemplated hereby have been authorized
      by
      all necessary corporate action of the boards of directors of EWBC and EWB.
      This
      Agreement has been duly executed and delivered by each of EWBC and EWB and
      this
      Agreement is a valid and legally binding agreement of EWBC and EWB enforceable
      in accordance with its terms (except as enforceability may be limited by
      applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
      transfer and similar laws of general applicability relating to or affecting
      creditors’ rights or by general equity principles). 

     

    (g)  Regulatory
      Approvals; No Violations.
      

     

    (i)  No
      consents or approvals of, or waivers by, or filings or registrations with,
      any
      Governmental Authority or with any third party are required to be made or
      obtained by EWBC or any of its Subsidiaries in connection with the execution,
      delivery or performance by EWBC or EWB of this Agreement or to consummate the
      Merger except for (A) filings of applications or notices with and approvals
      or waivers by the Federal Reserve Board, the OTS, the California Secretary
      and
      the Commissioner, as may be required, (B) filings with the SEC and state
      securities authorities, as may be required, (C) the approval of the listing
      on
      Nasdaq of the EWBC Common Stock to be issued in the Merger, (D) such filings
      as
      are required to be made or approvals as are required to be obtained under the
      securities or “Blue Sky” laws of various states in connection with the issuance
      of EWBC Common Stock in the Merger, and (E) the filing of the executed Agreement
      of Merger with the Commissioner. As of the date hereof, EWBC is not aware of
      any
      reason why the approvals set forth in Section 7.01(b) will not be received
      in a timely manner and without the imposition of a condition, restriction or
      requirement of the type described in Section 7.01(b). 

     

    (ii)  Subject
      to receipt, or the making, of the consents, approvals and filings referred
      to in
      the preceding paragraph and expiration of the related waiting periods, the
      execution, delivery and performance of this Agreement by EWBC and EWB and the
      consummation of the transactions contemplated hereby do not and will not (A)
      constitute a breach or violation of, or a default under, or give rise to any
      Lien, any acceleration of remedies or any right of termination under, any law,
      rule or regulation or any judgment, decree, order, governmental permit or
      license, or Agreement, indenture or instrument of EWBC or of any of its
      Subsidiaries or to which EWBC or any of its Subsidiaries or properties is
      subject or bound, (B) constitute a breach or violation of, or a default
      under, the EWBC Certificate or EWBC By-Laws (or similar governing documents)
      or
      any of its Subsidiaries or (C) require any consent or approval under any such
      law, rule, regulation, judgment, decree, order, governmental permit or license,
      agreement, indenture or instrument. 

     

    (h)  Financial
      Reports and SEC Documents; Material Adverse Effect.
      

     

    (i)  EWBC’s
      Annual Report on Form 10-K for the fiscal year ended December 31, 2004 and
      all
      other reports, registration statements, definitive proxy statements or
      information statements filed or to be filed by it subsequent to December 31,
      2004 under the Securities Act, or under Section 13(a), 13(c), 14 or 15(d) of
      the
      Exchange Act in the form filed or to be filed (collectively, “SEC Documents”)
      with the SEC, as of the date filed or to be filed, (A) complied or will comply
      in all material respects as to form with the applicable requirements under
      the
      Securities Act or the Exchange Act, as the case may be and (B) did not and
      will not contain any untrue statement of a material fact or omit to state a
      material fact required to be stated therein or necessary to make the statements
      therein, in the light of the circumstances under which they were made, not
      misleading; and each of the balance sheets contained in or incorporated by
      reference into any such SEC Document (including the related notes and schedules
      thereto) fairly presents, or will fairly present, the financial position of
      EWBC
      and its Subsidiaries as of its date, and each of the statements of income and
      changes in shareholders’ equity and cash flows or equivalent statements in such
      SEC Documents (including any related notes and schedules thereto) fairly
      presents, or will fairly present, the results of operations, changes in
      shareholders’ equity and changes in cash flows, as the case may be, of EWBC and
      its Subsidiaries for the periods to which they relate, in each case in
      accordance with GAAP consistently applied during the periods involved, except
      in
      each case as may be noted therein. 

     

    (ii)  Since
      December 31, 2004, EWBC and its Subsidiaries have conducted their respective
      businesses in the ordinary and usual course consistent with past practice
      (excluding the incurrence of expenses related to this Agreement and the
      transactions contemplated hereby) and no event has occurred or circumstance
      arisen that, individually or taken together with all other facts, circumstances
      and events (described in any paragraph of this Section 5.04 or otherwise),
      is
      reasonably likely to have a Material Adverse Effect with respect to EWBC or
      its
      Subsidiaries. 

     

    (iii)  Except
      as disclosed on EWBC Disclosure Schedule 5.04(h), since December 31, 2004,
      neither EWBC nor any of its Subsidiaries have incurred any liability other
      than
      in the ordinary course of business consistent with past practice or as otherwise
      contemplated by this Agreement. 

     

    (i)  Litigation.
      Except as set forth on EWBC Disclosure Schedule 5.04(i), no litigation, claim
      or
      other proceeding before any court or governmental agency is pending against
      EWBC
      or its Subsidiaries, and to EWBC and its Subsidiaries’ knowledge, no such
      litigation, claim or other proceeding has been threatened and there are no
      facts
      which could reasonably give rise to such litigation, claim or other proceeding.
      

     

    (j)  No
      Brokers.
      No action has been taken by EWBC or its Subsidiaries that would give rise to
      any
      valid claim against any party hereto for a brokerage commission, finder’s fee or
      other like payment with respect to the transactions contemplated by this
      Agreement.

     

    (k)  Environmental
      Matters.
      (i) EWBC and its Subsidiaries have complied at all times with applicable
      Environmental Laws; (ii) no real property (including buildings or other
      structures) currently or formerly owned or operated by EWBC or any of its
      Subsidiaries, or any property in which EWBC or any of its Subsidiaries has
      held
      a security interest, Lien or a fiduciary or management role (collectively,
“EWBC
      Loan Property”), has been contaminated with, or has had any release of, any
      Hazardous Substance; (iii) neither EWBC nor any of its Subsidiaries could be
      deemed the owner or operator of any EWBC Loan Property under any Environmental
      Law which such EWBC Loan Property has been contaminated with, or has had any
      release of, any Hazardous Substance; (iv) neither EWBC nor any of its
      Subsidiaries is subject to liability for any Hazardous Substance disposal or
      contamination on any third party property; (v) neither EWBC nor any of its
      Subsidiaries has received any notice, demand letter, claim or request for
      information alleging any violation of, or liability under, any Environmental
      Law; (vi) neither EWBC nor any of its Subsidiaries is subject to any order,
      decree, injunction or other agreement with any Governmental Authority or any
      third party relating to any Environmental Law; and (vii) to EWBC’s
      knowledge, there are no circumstances or conditions (including the presence
      of
      asbestos, underground storage tanks, lead products, polychlorinated biphenyls,
      prior manufacturing operations, dry-cleaning, or automotive services) involving
      EWBC or its Subsidiaries, any currently or formerly owned or operated property,
      or any EWBC Loan Property, that could reasonably be expected to result in any
      claims, liability or investigations against EWBC or its Subsidiaries, result
      in
      any restrictions on the ownership, use, or transfer of any property pursuant
      to
      any Environmental Law, or adversely affect the value of any EWBC Loan Property.
      

     

    (l)  Insurance.
      EWBC and its Subsidiaries are insured with reputable insurers against such
      risks
      and in such amounts as the management of EWBC and its Subsidiaries reasonably
      has determined to be prudent in accordance with industry practices.

     

    ARTICLE
      VI  

     

    

     

    COVENANTS

     

    SECTION
      6.01   Reasonable
      Best Efforts.
      Subject to the terms and conditions of this Agreement, each of EWBC, EWB and
      SB
      agrees to use their reasonable best efforts in good faith to take, or cause
      to
      be taken, all actions, and to do, or cause to be done, all things necessary,
      proper or desirable, or advisable under applicable laws, so as to permit
      consummation of the Merger as promptly as practicable and otherwise to enable
      consummation of the transactions contemplated in this Agreement, including
      the
      satisfaction of the conditions set forth in Article VII hereof, and shall
      cooperate fully with the other parties hereto to that end. 

     

    SECTION
      6.02   Shareholders’
      Approval.

     

    (a)  SB
      and EWB shall prepare a joint prospectus and proxy statement to be mailed as
      promptly as possible to SB shareholders in connection with the required approval
      of the SB shareholders of this Agreement and the transactions contemplated
      hereby (referred to together hereafter as the “Information Statement”). SB shall
      (i) duly call, give notice of, convene, and hold a meeting of its shareholders
      to be held as soon as practicable following the date hereof for the purpose
      of
      obtaining the requisite shareholder approvals required in connection with this
      Agreement and the transactions contemplated hereby; and (ii) through its board
      of directors, unanimously recommend to its shareholders approval of such
      matters. The Information Statement shall include such information as is required
      in connection with the registration of the EWBC Common Stock to be issued at
      the
      Effective Time or such information as is required in connection with a permit
      application pursuant to Section 25121 of the CGCL, as determined by the mutual
      agreement of the parties. The Information Statement shall include the
      recommendation of the board of directors of SB in favor of the Agreement and
      the
      Merger and the conclusion of the board of directors of SB that the terms and
      conditions of the Merger are fair and reasonable to the SB. Anything to the
      contrary contained herein notwithstanding, SB shall not include in the
      Information Statement any information with respect to EWB or its affiliates
      or
      associates, the form and content of which information shall not have been
      approved by EWB prior to such inclusion. SB represents and covenants that the
      Information Statement and any amendment or supplement thereto, at the date
      of
      mailing to shareholders of SB and the date of the meeting of SB’s shareholders
      to be held in connection with the Agreement and the Merger will not contain
      any
      untrue statement of a material fact or omit to state any material fact required
      to be stated or necessary in order to make the statements therein, in light
      of
      the circumstances under which they were made, not misleading; provided, however,
      that SB makes no representations or covenants with respect to information
      provided to SB in writing by EWB specifically for inclusion in the Information
      Statement and EWB hereby represents that any such information so provided by
      EWB
      will not contain any untrue statement of a material fact or omit to state any
      material fact required to be stated or necessary in order to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading. The parties shall cooperate with each other in the preparation
      of
      the Information Statement and SB shall provide EWB an opportunity to review
      and
      comment upon a final draft of the Information Statement prior to its mailing
      to
      SB’s shareholders.

     

    (b)  Certain
      SB shareholders have executed the Shareholder Agreement attached hereto as
      Exhibit
      A
      providing that they shall vote all SB Common Stock in which they have a
      beneficial interest in favor of the Agreement, the Merger and the other
      transactions contemplated in this Agreement.

     

    SECTION
      6.03   Registration
      of Securities.
      The EWBC Common Stock to be exchanged for the SB Common Stock shall, as mutually
      agreed upon by the parties, either be: (i) registered with the SEC pursuant
      to a
      form of registration (the “Registration Statement”) mutually agreed upon by the
      parties; or (ii) exempt from registration with the SEC as a result of a fairness
      review (“Fairness Review”) under Section 25142 of the CGCL, as amended. As
      expeditiously as practicable after the Effective Time the parties shall make
      a
      determination of whether to register the securities or seek a fairness review,
      and in any event within thirty (30) days of such determination, EWBC
      shall:

     

    (a)  As
      applicable, either: (i) prepare and file with the SEC a Registration Statement
      and use its best efforts to cause such Registration Statement to become and
      remain effective for one year from the Effective Time and shall use its best
      efforts to comply with the rules and regulations of the SEC in preparing and
      filing such Registration Statement or; (ii) prepare and file a permit
      application with the California Department of Corporations pursuant to Section
      25121 of the CGCL, including exhibits and a request for a hearing before the
      California Commissioner of Corporations, and shall use its best efforts to
      comply with the rules and regulations of the California Commissioner of
      Corporations in preparing and filing such permit application;

     

    (b)  As
      applicable, either; (i) prepare and file with the SEC such amendments and
      post-effective amendments to the Registration Statement as may be necessary
      to
      keep the Registration Statement effective for a period of not less than one
      year
      from the date of issuance of the EWBC Common covered by such Registration
      Statement or; (ii) take any action requested by the California Commissioner
      of
      Corporations in connection with the required hearing and thereafter to obtain
      the permit to be issued pursuant to Section 25121 of the CDCL (“Permit”);

     

    (c)  As
      applicable, make every reasonable effort to obtain the withdrawal of any order
      suspending the effectiveness of the Registration Statement or the Permit at
      the
      earliest practicable time;

     

    (d)  As
      applicable, either on or prior to the date on which the Registration Statement
      is declared effective or on or prior to obtaining the Permit, use its best
      efforts to register or qualify the EWBC Common Stock covered by such
      Registration Statement or Permit under all applicable state laws; 

     

    (e)  Use
      its reasonable best efforts to list, on the Nasdaq the shares of EWBC Common
      Stock to be issued to the shareholders in the Merger. 

     

    All
      of the costs and expenses of each registration or permit hereunder will be
      borne
      by EWBC, including all registration and filing fees and the fees and expenses
      of
      EWBC’s counsel and accountants.

     

    SECTION
      6.04   Press
      Releases.
      EWBC and SB shall consult with each other before issuing any press release
      with
      respect to the Merger or this Agreement and shall not issue any such press
      release or make any such public statements without the prior consent of the
      other party, which shall not be unreasonably withheld; provided, however, that
      a
      party may, without the prior consent of the other party (but after such
      consultation, to the extent practicable in the circumstances), issue such press
      release or make such public statements as may upon the advice of outside counsel
      be required by law or the rules or regulations of Nasdaq. EWBC and SB shall
      cooperate to develop all public announcement materials and make appropriate
      management available at presentations related to the transactions contemplated
      by this Agreement as reasonably requested by the other party. 

     

    SECTION
      6.05   Access;
      Information.
      

     

    (a)  SB
      agrees that upon reasonable notice and subject to applicable laws relating
      to
      the exchange of information, it shall afford EWBC and EWBC’s officers,
      employees, counsel, accountants and other authorized representatives such access
      during normal business hours throughout the period prior to the Effective Time
      to the books, records (including, without limitation, Tax Returns and work
      papers of independent auditors), properties and personnel and to such other
      information as EWBC may reasonably request and, during such period, it shall
      furnish promptly to EWBC all information concerning its business, properties
      and
      personnel as EWBC may reasonably request. 

     

    (b)  Without
      limiting the generality of Section 6.05(a), prior to the Effective Time, EWBC
      and its respective representatives shall have the right to conduct a review
      to
      determine (i) that the assets, books, records and operations of SB are in
      satisfactory condition and will not in a material way adversely impact EWBC
      after consummation of the transactions contemplated hereby and (ii) the accuracy
      of the representations and warranties and the satisfaction of the conditions
      to
      closing as provided hereunder. 

     

    (c)  SB
      agrees that, subject to applicable laws, it shall cooperate in good faith with
      EWBC on mutually agreed operating issues which the parties agree have priority.
      

     

    (d)  EWBC
      agrees that, upon reasonable notice and subject to applicable laws relating
      to
      the exchange of information, it shall afford SB and its authorized
      representatives such access to EWBC’s books and records as SB may reasonably
      request. 

     

    SECTION
      6.06   Confidential
      Information.
      Each party agrees that it will not, and will cause its representatives not
      to,
      use any information obtained pursuant to Section 6.05 (as well as any other
      information obtained prior to the date hereof in connection with the entering
      into of this Agreement) for any purpose unrelated to the consummation of the
      transactions contemplated by this Agreement. Subject to the requirements of
      law,
      each party shall keep confidential, and shall cause its representatives to
      keep
      confidential, all information and documents obtained pursuant to Section 6.05
      (as well as any other information obtained prior to the date hereof in
      connection with the entering into of this Agreement) unless such information
      (i)
      was already known to such party, (ii) becomes available to such party from
      other
      sources not known by such party to be bound by a confidentiality obligation,
      (iii) is disclosed with the prior written approval of the party to which such
      information pertains or (iv) is or becomes readily ascertainable from publicly
      available sources. In the event that this Agreement is terminated or the
      transactions contemplated by this Agreement shall otherwise fail to be
      consummated, (A) each party shall promptly cause all copies of documents or
      extracts thereof containing information and data as to another party hereto
      to
      be returned to the party which furnished the same; (B) SB shall not, on the
      one
      hand, nor shall EWBC or EWB, on the other hand, and each of the parties shall
      cause its respective representatives not to, use any confidential information
      to
      solicit customers of the other party; and (C) for one year after such
      termination, SB shall not, on the one hand, nor shall EWBC or EWB, on the other
      hand, and each of the parties shall cause its respective representatives not
      to,
      solicit the services of any employee of such other party for purposes of
      engaging them as an employee, agent, consultant or independent contractor of
      such soliciting party, provided, however, that neither party will be barred
      from
      retaining the services, in any capacity, of any current employee of the other
      party in the event such employee approaches such party with the intent of
      securing employment with such party. Notwithstanding the foregoing, nothing
      herein shall prevent the parties hereto from any general advertising or
      recruitment activities not directed specifically at the employees of the other
      party hereto. No investigation by any party of the business and affairs of
      any
      other party shall affect or be deemed to modify or waive any representation,
      warranty, covenant or agreement in this Agreement, or the conditions to any
      party’s obligation to consummate the transactions contemplated by this
      Agreement. 

     

    SECTION
      6.07   Acquisition
      Proposals.
      SB agrees that its officers, directors and affiliates shall not, and it shall
      direct and use its reasonable best efforts to cause its employees, agents and
      representatives not to, directly or indirectly, initiate, solicit or otherwise
      encourage any inquiries or the making of any proposal or offer with respect
      to a
      merger, reorganization, share exchange, consolidation or similar transaction
      involving, or any purchase of all or substantially all of the assets of SB
      or
      more than 10% of the outstanding equity securities, of SB (any such proposal
      or
      offer being hereinafter referred to as an “Acquisition Proposal”). SB further
      agrees that it and none of its officers, directors and affiliates shall, and
      it
      shall direct and use its reasonable best efforts to cause its employees, agents
      and representatives not to, directly or indirectly, engage in any negotiations
      concerning, or provide any confidential information or data to, or have any
      discussions with, any Person relating to an Acquisition Proposal, or otherwise
      facilitate any effort or attempt to make or implement an Acquisition Proposal.
      SB
      agrees that it will immediately cease and cause to be terminated any existing
      activities, discussions or negotiations with any parties conducted heretofore
      with respect to any Acquisition Proposals.  SB agrees that it will take the
      necessary steps to promptly inform the individuals referred to in the foregoing
      sentence of the obligations undertaken in this Section 6.07.  SB
      agrees that it will notify EWBC promptly, but in no event later than the second
      succeeding Business Day, if any such inquiries, proposals or offers are received
      by, any such information is requested from, or any such discussions or
      negotiations are sought to be initiated or continued with, any of its
      representatives, indicating, in connection with such notice, the name of such
      Person and the material terms and conditions of any proposal or
      offer.

     

    SECTION
      6.08   Certain
      Policies.
      Prior to the Effective Date, SB shall, consistent with GAAP and applicable
      banking laws and regulations, modify or change its loan, OREO, accrual, reserve,
      tax, litigation and real estate valuation policies and practices (including
      loan
      classifications and levels of reserves) so as to be applied on a basis that
      is
      consistent with that of EWBC. 

     

    SECTION
      6.09   Regulatory
      Applications.
      

     

    (a)  Each
      of EWBC and SB shall cooperate and use their respective reasonable best efforts
      to prepare and file, or cause to be filed, all documentation, to effect all
      necessary notices, reports and other filings and to obtain all permits,
      consents, approvals and authorizations necessary or advisable to be obtained
      from any third parties and/or Governmental Authorities in order to consummate
      the Merger or any of the other transactions contemplated by this Agreement;
      and
      any initial filings with Governmental Authorities (other than the Registration
      Statement) shall be made by EWBC as soon as reasonably practicable after the
      execution hereof but, provided that SB has cooperated as described above, in
      no
      event later than 45 days after the date hereof.  Each of EWBC and SB shall
      have the right to review in advance, and to the extent practicable each shall
      consult with the other, in each case subject to applicable laws relating to
      the
      exchange of information, with respect to all material written information
      submitted to any third party and/or any Governmental Authority in connection
      with the Merger and the other transactions contemplated by this Agreement. 
In exercising the foregoing right, each of such parties agrees to act reasonably
      and as promptly as practicable.  Each party hereto agrees that it shall
      consult with the other parties hereto with respect to the obtaining of all
      material permits, consents, approvals and authorizations of all third parties
      and/or Governmental Authorities necessary or advisable to consummate the
      transactions contemplated by this Agreement and each party shall keep the other
      parties apprised of the status of material matters relating to completion of
      the
      transactions contemplated hereby (including promptly furnishing the other with
      copies of notices or other communications received by EWBC or SB, as the case
      may be, from any third party and/or Governmental Authority with respect to
      the
      Merger and the other transactions contemplated by this Agreement).

     

    (b)  Each
      party agrees, upon request, to furnish the other parties with all information
      known to it (which knowledge shall be deemed to include knowledge which could
      be
      acquired after reasonable due inquiry) concerning itself, its Subsidiaries,
      directors, advisory directors, officers and shareholders and such other matters
      as may be reasonably necessary or advisable in connection with any filing,
      notice or application made by or on behalf of such other parties to any third
      party or Governmental Authority. 

     

    SECTION
      6.10   Indemnification
      by EWBC.
      

     

    (a)  Following
      the Effective Time, EWBC or EWB shall indemnify, defend and hold harmless each
      present and former director and officer of SB (each, an “Indemnified Party”)
      against all costs or expenses (including reasonable attorneys’ fees), judgments,
      fines, losses, claims, damages or liabilities (collectively, “Costs”) incurred
      in connection with any claim, action, suit, proceeding or investigation, whether
      civil, criminal, administrative or investigative, arising out of actions or
      omissions occurring at or prior to the Effective Time (including, without
      limitation, the transactions contemplated by this Agreement, or any related
      agreement, but excluding any Costs arising out of any violation or alleged
      violation of the Exchange Act or the rules and regulations thereunder) to the
      same extent as directors or officers under the EWB Articles and the EWB By-Laws,
      as in effect on the date hereof; provided that any determination required to
      be
      made with respect to whether an officer’s or director’s conduct complies with
      the standards set forth in the EWB Articles or the EWB By-Laws shall be made
      by
      independent counsel selected by EWBC and reasonably acceptable to the
      Indemnified Party; and provided, further, that in the absence of judicial
      precedent to the contrary, such counsel, in making such determination, shall
      presume such officer’s or director’s conduct complied with such standard and
      EWBC shall have the burden to demonstrate that such officer’s or director’s
      conduct failed to comply with such standard. 

     

    For
      a period of one to three years (as the parties may reasonably agree prior to
      the
      Effective Time) from the Effective Time, EWBC shall use its commercially
      reasonable efforts to provide that portion of director’s and officer’s liability
      insurance that serves to reimburse the present and former officers and directors
      (determined as of the Effective Time) of SB (as opposed to the portion that
      serves to reimburse SB) with respect to claims against such directors and
      officers arising from facts or events which occurred before the Effective Time,
      which insurance shall contain at least the same coverage and amounts, and
      contain terms and conditions no less advantageous, as that coverage currently
      provided by SB; provided,
      however,
      that officers and directors of SB may be required to make application and
      provide customary representations and warranties to EWBC’s insurance carrier for
      the purpose of obtaining such insurance.

     

    (b)  Any
      Indemnified Party wishing to claim indemnification under Section 6.10(a), upon
      learning of any claim, action, suit, proceeding or investigation described
      above, shall promptly notify EWBC thereof; provided that the failure so to
      notify shall not affect the obligations of EWBC under Section 6.10(a) unless
      and
      to the extent that EWBC is actually prejudiced as a result of such failure.
      In
      the event of any such claim, action, suit, proceeding or investigation (whether
      arising before or after the Effective Time), (i) EWBC shall have the right
      to assume the defense thereof and EWBC shall not be liable to such Indemnified
      Party for any legal expenses or other counsel or any other expenses subsequently
      incurred by such Indemnified Party in connection with the defense
      thereof,
      provided,
      however,
      that any Indemnified Party shall have the right to employ counsel to represent
      such Indemnified Party if (A) the Indemnified Party and EWBC shall have so
      mutually agreed; (B) EWBC has failed within a reasonable time to retain
      counsel; (C) the Indemnified Party shall have reasonably concluded that
      there may be legal defenses available to it that are different from or in
      addition to those available to EWBC; or (D) the named parties in any such
      proceeding (including any impleaded parties) include both the Indemnified Party,
      on the one hand, and EWBC or any of its Subsidiaries, on the other hand, and
      representation of both sets of parties by the same counsel would be
      inappropriate due to actual or potential differing interests between them,
      and
      in any such events the fees and expenses of such separate counsel shall be
      paid
      by EWBC; (ii) the Indemnified Party will cooperate in the defense of any
      such matter and (iii) EWBC shall not be liable for any settlement effected
      without its prior written consent, which consent shall not be unreasonably
      withheld, conditioned or delayed; provided, further, that EWBC shall not have
      any obligation hereunder to any Indemnified Party if and when a court of
      competent jurisdiction shall ultimately determine, and such determination shall
      have become final, that the indemnification of such Indemnified Party in the
      manner contemplated hereby is prohibited by applicable law.

     

    (c)  If
      EWBC or any of its successors or assigns shall (i) consolidate with or merge
      into any other entity and shall not be the continuing or surviving entity of
      such consolidation or merger or (ii) transfer all or substantially all of its
      assets to any other entity, then and in each case, proper provision shall be
      made so that the successors and assigns of EWBC shall assume the obligations
      set
      forth in this Section 6.10.

     

    SECTION
      6.11   Benefit
      Plans.
      

     

    (a)  Prior
      to the Effective Time, SB shall take all action necessary to terminate any
      and
      all 401(k) Plans SB maintains and any other Benefit Plan that EWB may
      specify.

     

    (b)  EWB
      agrees that as of and following the Effective Time, the employees of SB as
      of
      the Effective Time who are offered and who accept employment with EWBC or EWB
      (the “Former SB Employees”) shall be eligible to participate in EWBC’s or EWB’s
      employee benefit plans in which the similarly situated employees of EWBC or
      EWB
      participate, to the same extent as such similarly situated employees of EWBC
      or
      EWB participate. 

     

    (c)  With
      respect to each employee benefit plan, program, policy or arrangement maintained
      by EWBC or EWB for the benefit of current employees of EWBC or EWB (each such
      plan, program, policy or arrangement, an “EWB Plan”), EWBC and EWB agrees that
      for purposes of determining eligibility to participate and vesting (but not
      for
      benefit accrual purposes), service with SB shall be treated as service with
      EWBC
      or with EWB; provided, however, that such service shall not be recognized to
      the
      extent that such recognition would result in a duplication of benefits. To
      the
      extent permitted by any insurer of an EWB Plan, EWB shall cause such EWB Plan
      to
      waive (i) any pre-existing condition restriction that did not apply under the
      terms of any analogous Benefit Plan immediately prior to the Effective Time
      and
      (ii) any waiting period limitation or evidence of insurability requirement
      which
      would otherwise be applicable to a Former SB Employee on or after the Effective
      Time to the extent such Former SB Employee had satisfied any similar limitation
      or requirement under an analogous Benefit Plan prior to the Effective Time
      and
      shall cause such EWB Plan to give each Former SB Employee credit for amounts
      paid under any analogous Benefit Plan for purposes of applying deductibles,
      co-payments and out-of-pocket maximums as though such amounts had been paid
      in
      accordance with the terms and conditions of the EWB Plan.

     

    SECTION
      6.12   Future
      Employment.
      

     

    (a)  EWB
      shall have the right but not the obligation to offer employment immediately
      following the Effective Time to any and all persons who are expected to be
      officers and employees of SB immediately before the Effective Time. SB will
      provide EWBC and EWB with information regarding such persons’ current employment
      arrangements with SB and will otherwise assist EWBC and EWB in making such
      offers.

     

    (b)  SB
      shall establish an employee severance and retention plan (the "New Plan") that
      is acceptable to EWB for SB employees whose positions are eliminated and who
      do
      not accept other mutually agreeable employment with EWB and for retention
      payments payable to some or all SB employees who are offered employment with
      EWB. The New Plan shall replace and be in lieu of any existing employee
      severance and retention policies of SB. All severance payments under the New
      Plan shall provide for the execution of a severance agreement satisfactory
      to
      EWB as a condition to receipt of payments, which shall provide for (i) release
      of claims, (ii) confidentiality of information, and (iii) no solicitation of
      EWB
      customers or employees for a period of one year after the Effective Time.
All
      retention bonus payments under the New Plan provide for the execution of a
      retention receipt agreement satisfactory to EWB as a condition to receipt of
      payments, which shall provide for (x) release of claims, (y) confidentiality
      of
      information, and (z) no solicitation of the Surviving Bank’s customers or
      employees for a period of one year after the Effective Time.

     

    SECTION
      6.13   Notification
      of Certain Matters.
      Each of SB and EWBC shall give prompt notice to the other of any fact, event
      or
      circumstance known to it that (i) is reasonably likely, individually or taken
      together with all other facts, events and circumstances known to it, to result
      in any Material Adverse Effect with respect to it or (ii) would cause or
      constitute a material breach of any of its representations, warranties,
      covenants or agreements contained herein. 

     

    SECTION
      6.14   Human
      Resources Issues.
      SB agrees to cooperate with EWB with respect to any formal meetings or
      interviews with one or more employees called or arranged by SB and held for
      the
      purpose of discussing the transactions contemplated by this Agreement or their
      effect on such employees, with EWB given the opportunity to participate in
      such
      meetings or interviews. This section is not intended to apply to casual
      conversations about the transaction or informal meetings initiated by employees,
      or to prohibit discussion in general, but rather to allow EWB a role in the
      formal presentation of the transaction to employees, and an opportunity to
      participate in the significant, formal meetings at which the transaction is
      explained and discussed. 

     

    SECTION
      6.15   Assistance
      with Third-Party Agreements.

     

    (a)  SB
      shall cooperate with and use all commercially reasonable efforts to assist
      EWB
      in (i) gaining access to and obtaining any required consents from all of its
      third-party vendors, landlords of all of their leased properties and other
      parties to material agreements, promptly after the effective date of this
      Agreement, and (ii) obtaining the cooperation of such third parties in a smooth
      transition in accordance with EWB’s timetable at or after the Effective Time. SB
      shall cooperate with EWB in minimizing the extent to which any contracts will
      continue in effect following the Effective Time, in addition to complying with
      the prohibition of Section 4.01(l) hereof. 

     

    (b)  Without
      limiting Section 6.15(a), SB shall use all reasonable efforts to provide data
      processing and other processing support to assist EWB in performing all tasks
      reasonably required to result in a successful conversion of SB data and other
      files and records to EWB’s production environment at such time as EWB requests
      or after the Effective Time. Among other things, SB shall: 

     

    (i)  cooperate
      with EWB to establish a mutually agreeable project plan to effectuate the
      conversion; 

     

    (ii)  use
      its commercially reasonable efforts to have SB’s outside contractors continue to
      support both the conversion effort and its needs until the conversion can be
      established; 

     

    (iii)  provide,
      or use its commercially reasonable efforts to obtain from any outside
      contractors, all data or other files and layouts requested by EWB for use in
      planning the conversion, as soon as reasonably practicable; 

     

    (iv)  provide
      reasonable access to personnel at corporate headquarters, data and other
      processing centers, all branches and, with the consent of outside contractors,
      at outside contractors, to enable the conversion effort to be completed on
      schedule; and

     

    (v)  to
      the extent reasonably practicable, give notice of termination, conditioned
      upon
      the completion of the transactions contemplated hereby, of the contracts of
      outside data and other processing contractors or other third-party vendors
      when
      directed to do so by EWB. 

     

    (vi)  EWB
      agrees that all actions taken pursuant to this Section 6.15 shall be taken
      in a manner intended to minimize disruption to the customary business activities
      of SB. 

     

    SECTION
      6.16   Additional
      Agreements.
      In case at any time after the Effective Time any further action is necessary
      or
      desirable to carry out the purposes of this Agreement or to vest EWBC or EWB
      with full title to all properties, assets, rights, approvals, immunities and
      franchises of SB, the proper officers and directors of each party to this
      Agreement shall take all necessary or appropriate action. 

     

    SECTION
      6.17   Tax
      Treatment of the Merger.
      The parties intend the Agreement to qualify as a tax-free reorganization for
      all
      U.S. federal income tax purposes. Each party will (and EWBC will cause each
      of
      its Subsidiaries to) both before and after the Effective Time (i) use
      reasonable efforts to cause the Agreement to so qualify; and (ii) refrain from
      taking any action that would reasonably be expected to cause the Agreement
      to
      fail to so qualify. 

     

    SECTION
      6.18   Non-Solicitation
      & Confidentiality Agreements.
      SB shall deliver to EWBC Non-Solicitation & Confidentiality Agreements,
      substantially in the form of Exhibit
      B
      hereto, executed by each of the Persons listed on Exhibit
      B-1,
      on or before the Effective Date. 

     

    SECTION
      6.19   Other
      Shareholder Agreements.
      

     

    (a)  SB
      shall use its commercially reasonable efforts to cause each person who is,
      at
      the time this Agreement is submitted to the SB shareholders for approval or
      consent, an “affiliate” of SB for purposes of Rule 145 under the Securities Act
      to execute and deliver to EWB a written agreement (the “Affiliate Agreement”),
      in the form of Exhibit
      D
      hereto, providing that such person shall dispose of the EWB Common Stock to
      be
      received by such person in the Merger only in accordance with applicable law.
      

     

    SECTION
      6.20   Minimum
      ALL.
      As of the Effective Date, SB’s ALL shall not be less than 100% of the amount of
      its ALL as of September 30, 2005. 

     

    SECTION
      6.21   Pre-Closing
      Adjustments and Minimum Closing Shareholders’ Equity.
      At or before the Effective Time, as determined by SB and EWBC, SB shall make
      such accounting entries or adjustments, including additions to its ALL and
      charge-offs of loans (collectively, “Pre-Closing Adjustments”) as EWBC shall
      direct as a result of its on-going review of SB (including its review of the
      information provided to it pursuant to Sections 6.05 and 6.15) or in order
      to
      implement its plans following the Effective Time or to reflect expenses and
      costs related to the Merger; provided, however, that unless the adjustment
      would
      otherwise be required by applicable law, rule or regulation, or by regulatory
      accounting principles and GAAP applied on a basis consistent with the financial
      statements of SB, no such adjustment shall (i) violate any law, rule or
      regulation applicable to EWBC, or (ii) otherwise materially disadvantage SB
      if
      the Merger was not consummated. As of the Effective Time, “Minimum Closing
      Shareholders’ Equity”, as calculated below, shall not be less than 100% of
      Shareholders’ Equity. “Minimum Closing Shareholders’ Equity” shall be calculated
      as follows: SB’s shareholders’ equity as of the Effective Time, calculated
      according to GAAP, shall be adjusted by: adding
      (a) payments made or accrued by SB prior to the Effective Time under the New
      Plan as provided in Section 6.12(b); (b) Transaction Expenses paid or accrued
      by
      SB prior to the Effective Time; and (c) Pre-Closing Adjustments; and by
subtracting
      the amount of the increase in SB’s shareholders’ equity as a result of the
      exercise of Options. 

     

    SECTION
      6.22   FIRPTA
      Certificate.
      SB shall have furnished to EWB and EWBC a certification that SB is not a United
      States real property holding corporation, dated not more than 30 days prior
      to
      the Effective Date, in compliance with Treasury Regulations Sections
      1.1445-2(c)(3) and 1.897-2(h), in a form reasonably satisfactory to EWB.

     

    ARTICLE
      VII  

     

    CONDITIONS
      TO CONSUMMATION OF THE MERGER

     

    SECTION
      7.01   Conditions
      to the Parties’ Obligations to Effect the Merger.
      The respective obligations of the parties hereto to consummate the Merger is
      subject to the fulfillment or written waiver by the parties hereto prior to
      the
      Effective Time of each of the following conditions: 

     

    (a)  Shareholder
      Approvals.
      This Agreement and the Merger have been duly approved by the affirmative written
      consents or the affirmative votes of the shareholders and the boards of
      directors of SB, EWB and EWBC in accordance with applicable law. Said approvals,
      including the Shareholder Agreement, shall continue in effect and shall not
      have
      been revoked. 

     

    (b)  Regulatory
      Approvals.
      All regulatory approvals required to consummate the transactions contemplated
      hereby, including the Merger, shall have been obtained and shall remain in
      full
      force and effect and all statutory waiting periods in respect thereof shall
      have
      expired and no such approvals shall contain any conditions, restrictions or
      requirements which the board of directors of EWBC reasonably determines in
      good
      faith would (i) following the Effective Time, have a Material Adverse Effect
      on
      EWBC and its Subsidiaries taken as a whole or (ii) reduce the benefits of the
      transactions contemplated hereby to such a degree that EWBC would not have
      entered into this Agreement had such conditions, restrictions or requirements
      been known at the date hereof. 

     

    (c)  No
      Injunction; No Litigation.
      No Governmental Authority of competent jurisdiction shall have enacted, issued,
      promulgated, enforced or entered any statute, rule, regulation, judgment,
      decree, injunction or other order (whether temporary, preliminary or permanent)
      which is in effect and prohibits consummation of the transactions contemplated
      by this Agreement. 

     

    (f)  Tax
      Opinion.
      SB and EWBC shall have received the opinion of Manatt, Phelps & Phillips,
      LLP, dated the Effective Date, in form and substance reasonably satisfactory
      to
      SB and EWBC, to the effect that, on the basis of facts, representations and
      assumptions set forth in such opinion, which are assumed in the opinion to
      be
      consistent with the state of facts existing at the Effective Time, the Merger
      more likely than not will be treated for federal income tax purposes as a
      reorganization under Section 368(a) of the Code. In rendering its opinion,
      Manatt, Phelps & Phillips, LLP, may require and rely upon representations
      contained in letters from EWBC, EWB or SB and/or their officers or principal
      shareholders as are customary for such opinions. 

     

    SECTION
      7.02   Conditions
      to Obligation of SB to Effect the Merger.
      The obligation of SB to consummate the Merger is also subject to the fulfillment
      or written waiver prior to the Effective Time of each of the following
      additional conditions: 

     

    (a)  Representations
      and Warranties; Agreements and Covenants.
      The representations and warranties of EWBC set forth in this Agreement shall
      be
      true and correct as of the effective date of this Agreement and as of the
      Effective Date as though made on and as of the Effective Date (except that
      representations and warranties that by their terms speak as of the effective
      date of this Agreement or some other date shall be true and correct as of such
      date). For purposes of this paragraph, such representations and warranties
      shall
      be deemed to be true and correct in all material respects unless the failure
      or
      failures of such representations and warranties to be true and correct in all
      material respects, either individually or in the aggregate, and without giving
      effect to any materiality, material adverse effect or similar qualifications
      set
      forth in such representations and warranties, will have or would reasonably
      be
      expected to have a Material Adverse Effect on EWBC. EWBC shall have performed,
      in all material respects, each of its covenants and agreements contained in
      this
      Agreement. SB shall have received a certificate, dated the Effective Date,
      signed on behalf of EWBC and EWB by authorized executive officers of EWBC and
      EWB to such effect. 

     

    SECTION
      7.03   Conditions
      to Obligation of EWBC.
      The obligation of EWBC and EWB to consummate the Merger is also subject to
      the
      fulfillment or written waiver prior to the Effective Time of each of the
      following conditions: 

     

    (a)  Representations
      and Warranties; Agreements and Covenants.
      The representations and warranties of SB set forth in this Agreement shall
      be
      true and correct as of the effective date of this Agreement and as of the
      Effective Date as though made on and as of the Effective Date (except that
      representations and warranties that by their terms speak as of the effective
      date of this Agreement or some other date shall be true and correct as of such
      date). For purposes of this paragraph, such representations and warranties
      shall
      be deemed to be true and correct in all material respects unless the failure
      or
      failures of such representations and warranties to be true and correct in all
      material respects, either individually or in the aggregate, and without giving
      effect to any materiality, material adverse effect or similar qualifications
      set
      forth in such representations and warranties, will have or would reasonably
      be
      expected to have a Material Adverse Effect on SB. SB shall have performed,
      in
      all material respects, each of its covenants and agreements contained in this
      Agreement.

     

    (b)  SB
      Disclosure Schedule.
      The SB Disclosure Schedule shall be updated and made current as of the day
      prior
      to the Effective Date and a draft of the updated SB Disclosure Schedule shall
      have been delivered to EWBC no later than 72 hours prior to the Effective Time;
      such update of the SB Disclosure Schedule shall not in any way affect the
      representations and warranties set forth in Section 5.03 and
      7.03(a).

     

    (c)  Performance
      of Obligations of SB.
      SB shall have performed in all material respects all obligations required to
      be
      performed by it under this Agreement at or prior to the Effective Time.

     

    (d)  Consents.
      SB shall have obtained each of the material consents listed in SB Disclosure
      Schedule 5.03(l). 

     

    (e)  Affiliate
      Agreements.
      All Affiliate Agreements required pursuant to Section 6.19 shall have been
      executed and delivered to EWB.

     

    (f)  Officers’
      Certificate.
      EWBC and EWB shall have received a certificate from SB, dated the Effective
      Date, signed by the Chief Executive Officer and the Chief Financial Officer
      of
      SB verifying that SB is in compliance with all of the requirements of Sections
      7.03(a), (b), (c) and (d).

     

    ARTICLE
      VIII  

     

    

     

    TERMINATION

     

    SECTION
      8.01   Termination
      by Mutual Consent.
      This Agreement may be terminated and the Merger may be abandoned at any time
      prior to the Effective Time by the mutual written consent of EWBC, EWB, and
      SB
      by action of their respective boards of directors. 

     

    SECTION
      8.02   Termination
      by Either EWBC, EWB or SB. 

     

    (a)  This
      Agreement may be terminated and the Merger may be abandoned at any time prior
      to
      the Effective Time by action of the board of directors of either EWBC or EWB,
      on
      the one hand, or SB, on the other hand, in the event: 

     

    (i)  The
      SB Disclosure Schedule delivered after the date hereof contains a material
      adverse disclosure as determined in the sole discretion of the receiving party.
      

     

    (ii)  The
      Merger is not consummated by June 30, 2006 except to the extent that the failure
      of the Merger then to be consummated arises out of or results from the knowing
      action or inaction of (A) the party seeking to terminate pursuant to this
      Section 8.02(a), or (B) any
      of SB shareholders that are parties to the Shareholder Agreement (if SB is
      the
      party seeking to terminate), which action or inaction is in violation of their
      obligations under this Agreement.

     

    (iii)  The
      approval of any Governmental Authority required for consummation of the Merger
      and the other transactions contemplated by this Agreement shall have been denied
      by final and nonappealable action of such Governmental Authority or an
      application therefor shall have been permanently withdrawn at the invitation,
      request or suggestion of a Governmental Authority.

     

    (b)  This
      Agreement may be terminated and the Merger may be abandoned at any time prior
      to
      the Effective Time:

     

    (i)  by
      action of the EWBC board of directors: in the event of (A) a breach by SB
      of any representation or warranty contained herein, which breach cannot be
      or
      has not been cured within 30 days after the giving of written notice to SB
      of
      such breach, (B) a material breach by SB of any of the covenants or
      agreements contained herein, which breach cannot be or has not been cured within
      30 days after the giving of written notice to SB of such breach, (C) SB or
      any
      of the other Persons described in Section 6.07 as affiliates,
      representatives or agents of SB shall take any of the actions that would be
      proscribed by Section 6.07, (D) SB shall have breached Section 6.07 or
      the SB board of directors shall have adopted any resolution inconsistent with
      its approval of this Agreement or the Merger, or failed to reconfirm its
      recommendation of this Agreement within five (5) Business Days after a
      written request by EWBC to do so or any SB shareholder that is a party to the
      Shareholder Agreement has taken any action inconsistent with the execution
      of
      the Shareholder Agreement, (E) the holders of at least 66.67% of the outstanding
      SB Common Stock fail to approve this Agreement and the Merger.

     

    (ii)  by
      action of the SB board of directors: in the event of (A) a breach by EWBC
      or EWB of any representation or warranty contained herein, which breach cannot
      be or has not been cured within 30 days after the giving of written notice
      to
      EWB of such breach, or (B) a material breach by EWBC or EWB of any of the
      covenants or agreements contained herein, which breach cannot be or has not
      been
      cured within 30 days after the giving of written notice to EWBC and EWB of
      such
      breach, or (C) in order to pursue an acquisition target other than, and instead
      of, SB, the
      EWBC board of directors shall have adopted any resolution inconsistent with
      its
      approval of this Agreement or the Merger, or failed to reconfirm its
      recommendation of this Agreement within five (5) Business Days after a
      written request by SB to do so.

     

    (c)  For
      purposes of Section 8.02(b), the representations and warranties contained
      herein shall be deemed to have been breached by any of SB, EWBC or EWB only
      if
      the failure of such representations and warranties to be true and correct,
      either individually or in the aggregate, and without giving effect to any
      materiality, material adverse effect or similar qualifications set forth in
      such
      representations and warranties, will have or would reasonably be expected to
      have a Material Adverse Effect on the breaching party.

     

    SECTION
      8.03   Effect
      of Termination and Abandonment. 

     

    (a)  In
      the event of termination of this Agreement and the abandonment of the Merger
      pursuant to this Article VIII, this Agreement (other than as set forth in
      Section 9.01) shall become void and of no effect with no liability or
      further obligation on the part of any party hereto (or of any of its directors,
      officers, employees, agents, legal and financial advisors or other
      representatives); provided, however, except as otherwise provided herein, no
      party shall otherwise be relieved of any liability or damages resulting from
      any
      breach of this Agreement. 

     

    (b)  In
      the event that this Agreement is terminated by EWBC pursuant to
      Section 8.02(b)(i) (A) or (B), then, no later
      than two (2) Business Days following
      such termination, SB shall pay
      the Liquidated Damaged Amount to EWB by wire transfer of immediately available
      funds to an EWB account specified by EWB.

     

    (c)  In
      the event that this Agreement is terminated by SB pursuant to
      Section 8.02(b)(ii) (A) or (B), then, no later
      than two (2) Business Days following
      the termination, EWB shall pay
      the Liquidated Damages Amount
      to SB by wire transfer of immediately available funds to an SB
      account specified by SB.

     

    (d)  SB
      and EWBC
      agree that the agreements contained in paragraphs (b) and (c) above
      are an integral part of the transactions contemplated by this Agreement, that
      without such agreements EWBC and SB would not have entered into this Agreement,
      and that such amounts specified therein do not constitute a penalty.  If
      the applicable party fails to promptly pay to the other party the amounts due
      under paragraph (b) or (c) above within the time period specified
      therein, the party required to make payment thereunder shall pay all costs
      and
      expenses (including attorneys’ fees) incurred by the other party in connection
      with any action, including the filing of any lawsuit, taken to collect payment
      of such amounts, together with interest on the amount of any such unpaid amounts
      at the publicly announced prime rate of EWB from the date such amounts were
      required to be paid.

     

    ARTICLE
      IX  

     

    

     

    MISCELLANEOUS

     

    SECTION
      9.01   Survival.
      All representations, warranties, agreements and covenants contained in this
      Agreement shall survive for one year following the Effective Time (other than
      Sections 6.06, 6.10, 6.11, 6.12, 6.16, 6.19, as specifically provided in Article
      VIII, this Article IX which shall survive the Effective Time indefinitely unless
      otherwise specifically provided therein) or the termination of this Agreement
      if
      this Agreement is terminated prior to the Effective Time. 

     

    SECTION
      9.02   Waiver;
      Amendment.
      Prior to the Effective Time, any provision of this Agreement may be (i) waived
      in whole or in part by the party benefited by the provision or by all parties
      or
      (ii) amended or modified at any time, by an agreement in writing among the
      parties hereto executed in the same manner as this Agreement. 

     

    SECTION
      9.03   Counterparts.
      This Agreement may be executed in one or more counterparts, each of which shall
      be deemed to constitute an original but all of which together shall constitute
      one and the same instrument. 

     

    SECTION
      9.04   Governing
      Law, Jurisdiction and Venue.
      This Agreement shall be governed by, and interpreted in accordance with, the
      laws of the State of California (however, not to the exclusion of any applicable
      Federal law), without regard to California statutes or judicial decisions
      regarding choice of law questions. The parties hereby irrevocably submit to
      the
      jurisdiction of the courts of the State of California and the federal courts
      of
      the United States of America located in the Southern District of the State
      of
      California solely in respect of the interpretation and enforcement of the
      provisions of this Agreement and of the documents referred to in this Agreement,
      and in respect of the transactions contemplated herein and therein, and hereby
      waive, and agree to assert, as a defense in any action, suit or proceeding
      for
      the interpretation or enforcement hereof or of any such documents, that it
      is
      not subject thereto or that such action, suit or proceeding may not be brought
      or is not maintainable in said courts or that the venue thereof may not be
      appropriate or that this Agreement or any such document may not be enforced
      in
      or by such courts, and the parties hereto irrevocably agree that all claims
      with
      respect to such action or proceeding shall be heard and determined in such
      California state or federal court. The parties hereby consent to and grant
      any
      such court jurisdiction over the person of such parties and over the subject
      matter of such dispute and agree that mailing of process or other papers in
      connection with any such action or proceeding in the manner provided in Section
      9.06 or in such other manner as may be permitted by law, shall be valid and
      sufficient service thereof. 

     

    SECTION
      9.05   Expenses.
      Each party hereto will bear all expenses incurred by it in connection with
      this
      Agreement and the transactions contemplated hereby except as otherwise
      specifically provided.

     

    SECTION
      9.06   Notices.
      All notices, requests and other communications hereunder to a party shall be
      in
      writing and shall be deemed given if personally delivered, telecopied (with
      confirmation) or mailed by registered or certified mail (return receipt
      requested) to such party at its address set forth below or such other address
      as
      such party may specify by notice to the parties hereto. 

     

    If
      to SB: 

     

    ARTICLE
      II.   Standard
      Bank

     

    ARTICLE
      III.   228
      West Garvey Avenue

     

    ARTICLE
      IV.   Monterey
      Park, CA 91754-1603

     

    ARTICLE
      V.   Attention:
      John M. Lee, Chairman of the Board,

     

    President
      and Chief Executive Officer

     

    ARTICLE
      VI.   Telephone:
      (626) 281-6448

     

    ARTICLE
      VII.   Facsimile:
      (626) 280-1699

     

    With
      a copy to: 

     

    Paul
      H. Irving, Esq. and

    T.
      J. Grasmick, Esq.

    Manatt,
      Phelps & Phillips, LLP

    11355
      West Olympic Boulevard

    Los
      Angeles, CA 90064

    Telephone:
      (310) 312-4205

    (310)
      312-4369

    Telecopy:
      (310) 312-4224

     

    If
      to EWBC or EWB to:

     

    ARTICLE
      VIII.   Douglas
      P. Krause, Esq.

     

    ARTICLE
      IX.   Executive
      Vice President, General Counsel and Corporate Secretary

     

    ARTICLE
      X.   East
      West Bancorp, Inc.

     

    ARTICLE
      XI.   415
      Huntington Drive

     

    ARTICLE
      XII.   San
      Marino, CA 91108

     

    ARTICLE
      XIII.   Telephone:
      (626) 583-3587

     

    ARTICLE
      XIV.   Facsimile:
      (626) 799-2799

     

    With
      a copy to: 

     

    ARTICLE
      XV.   Stephanie
      E. Allen, Esq.

     

    McAndrews,
      Allen & Matson

     

    1100
      South Coast Highway, Suite 308

     

    ARTICLE
      XVI.   Laguna
      Beach, CA 92651 

     

    ARTICLE
      XVII.   Telephone:
      (949) 497-0292

     

    ARTICLE
      XVIII.   Facsimile:
      (949) 497-0291 

     

    ARTICLE
      XIX.   

     

    SECTION
      9.07   Entire
      Understanding; No Third Party Beneficiaries.
      This Agreement, the Disclosure Schedules attached hereto and incorporated
      herein, and the exhibits to the Agreement represent the entire understanding
      of
      the parties hereto and thereto with reference to the transactions contemplated
      hereby and thereby and this Agreement, the Disclosure Schedules attached hereto
      and incorporated herein, and the exhibits to the Agreement, supersede any and
      all other oral or written agreements heretofore made. Except for
      Sections 6.10, nothing in this Agreement, expressed or implied, is intended
      to confer upon any Person, other than the parties hereto or their respective
      successors, any rights, remedies, obligations or liabilities under or by reason
      of this Agreement. 

     

    SECTION
      9.08   Effect.
      No provision of this Agreement shall be construed to require SB, EWBC, EWB
      or
      any Subsidiaries, affiliates or directors of any of them to take any action
      or
      omit to take any action which action or omission would violate applicable law
      (whether statutory or common law), rule or regulation. 

     

    SECTION
      9.09   Severability.
      Except to the extent that application of this Section 9.09 would have a Material
      Adverse Effect on SB, EWBC or EWB, any term or provision of this Agreement
      which
      is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction,
      be ineffective to the extent of such invalidity or unenforceability without
      rendering invalid or unenforceable the remaining terms and provisions of this
      Agreement or affecting the validity or enforceability of any of the terms or
      provisions of this Agreement in any other jurisdiction. If any provision of
      this
      Agreement is so broad as to be unenforceable, the provision shall be interpreted
      to be only so broad as is enforceable. 

     

    SECTION
      9.10   Enforcement
      of the Agreement.
      The parties hereto agree that irreparable damage would occur in the event that
      any of the provisions of this Agreement were not performed in accordance with
      their specific terms or were otherwise breached. It is accordingly agreed that
      the parties shall be entitled to an injunction or injunctions to prevent
      breaches of this Agreement and to enforce specifically the terms and provisions
      hereof in any court of the United States or any state having jurisdiction,
      this
      being in addition to any other remedy to which they are entitled at law or
      in
      equity. 

     

    SECTION
      9.11   Interpretation.
      When a reference is made in this Agreement to Sections, Exhibits or Disclosure
      Schedules, such reference shall be to a Section of, or Exhibit or Disclosure
      Schedule to, this Agreement unless otherwise indicated. The table of contents
      and headings contained in this Agreement are for reference purposes only and
      are
      not part of this Agreement. Whenever the words “include”, “includes” or
“including” are used in this Agreement, they shall be deemed to be followed by
      the words “without limitation”. 

     

    

     

    [Signature
      page follows this page]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      in
      counterparts by their duly authorized officers, all as of the day and year
      first
      above written. 

     

    
      	 	 
	 	 
	
              EAST
                WEST BANCORP, INC.

            	
              EAST
                WEST BANK

            
	 	 
	
              By:

            	
              /s/
                DOUGLAS P. KRAUSE

            	 	
              By:

            	
              /s/
                DOUGLAS P. KRAUSE

            
	
              Name: Douglas
                P. Krause

            	
              Name: Douglas
                P. Krause

            
	
              Title: Executive
                Vice President

            	
              Title: Executive
                Vice President

            
	 	 
	 	 
	 	 
	 	 
	
              STANDARD
                BANK

            	 
	 	 
	
              By:

            	
              /s/
                JOHN M. LEE

            	 	 	 
	
              Name: John
                M. Lee

            	 
	
              Title: Chairman
                of the Board, President and Chief Financial Officer

            	 
	 	 

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    SHAREHOLDER
      AGREEMENT

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A-1

    

    PERSONS
      EXECUTING SHAREHOLDER AGREEMENT

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    

    NON-SOLICITATION
      & CONFIDENTIALITY AGREEMENT

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B-1

    

    PERSONS
      EXECUTING NON-SOLICITATION & CONFIDENTIALITY AGREEMENT

    

    

    John
      M. Lee

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      C

    

    AGREEMENT
      OF MERGER

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      D

    

    AFFILIATE
      AGREEMENT

    

     

    40959084.2

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