UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(Dd)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~December~~ 10December 16, 2013

METROCORP BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Texas	0000-25141	76-0579161
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other jurisdictionof incorporation)	(CommissionFile Number)	(IRS EmployerIdentification No.)

9600 Bellaire Boulevard, Suite 252 Houston, Texas		77036
(Address of principal executive offices)		(Zip Code)

9600 Bellaire Boulevard, Suite 252

Houston, Texas 77036

(Address of principal executive offices including zip code)

Registrant’s telephone number, including area code: (713) 776-3876

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

x¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 85.0107. ~~Other~~Submission ~~Events~~of Matters to a Vote of Security Holders.

~~Regulatory~~On ~~Approvals~~December 16, 2013, MetroCorp Bancshares, Inc. (the “Company”) held a special meeting of shareholders (the “Special Meeting”) with respect to certain proposals relating to the Agreement and Plan of Merger with East West Bancorp, Inc., a Delaware corporation (“East West”), pursuant to which the Company will be merged with and into East West, with East West surviving the merger (the “Merger”). A total of 12,957,964 shares of the Company’s common stock were present or represented by proxy at the Special Meeting, representing approximately 69.3% of all the votes entitled to be cast at the Special Meeting. Each of the proposals listed below is more fully described in the Company’s proxy statement dated as of November 8, 2013 and filed with the Securities and Exchange Commission. The matters submitted for a vote and the related results are as follows:

OnProposal ~~December 10,~~1 ~~2013,~~– ~~MetroCorp~~Adoption ~~Bancshares, Inc. (“MetroCorp”) issued a press release announcing that the State~~ of ~~California Department of Business Oversight had approved~~ the ~~applications~~Agreement ~~for the mergers of Metro United Bank~~ and ~~Metro~~Plan ~~Bank National Association with and into East West Bank. The press release also disclosed that the Federal Reserve Bank~~ of ~~San~~Merger, ~~Francisco~~dated ~~has indicated~~as ~~that it does not object to the consummation~~ of ~~the proposed merger of MetroCorp~~ September 18, ~~a Texas corporation and parent company of Metro United Bank and Metro Bank National Association~~2013, ~~with~~by and ~~into~~between East West ~~Bancorp (“East West”), a Delaware corporation~~ and ~~parent company of East West Bank, with East West surviving~~ the ~~merger~~Company (the “Merger Proposal”)~~, without the filing of a formal application~~. ~~A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated by reference herein.~~

Settlement of Certain Litigation

Votes For

Votes

Against

Abstentions

Broker

Non-Votes

12,939,521

2,059

—

16,384

~~MetroCorp,~~Proposal ~~the~~2 ~~members~~– ofApproval, ~~its board of directors and East West have been named as defendants in a putative class action filed~~ on ~~behalf~~an ~~of MetroCorp~~advisory ~~shareholders filed in the United States District Court for the Southern District of Texas, Houston Division~~ (~~the “Court”~~non-binding), ~~captioned In re MetroCorp Bancshares~~basis, ~~Inc.~~of ~~Shareholder~~specified ~~Litigation,~~compensation ~~No. 4:13-cv-03198~~that ~~(the~~may ~~“Action”),~~become ~~challenging,~~payable ~~among~~to ~~other things,~~ the ~~Agreement~~named ~~and~~executive ~~Plan~~officers of ~~Merger, dated as of September 18, 2013 (~~the ~~“Merger~~Company ~~Agreement”),~~in byconnection ~~and~~with ~~between East West and MetroCorp and~~ the ~~proposed~~ Merger.

On December 10, 2013, following settlement discussions, the defendants entered into a memorandum of understanding with the plaintiffs regarding the settlement of the Action. In connection with the settlement contemplated by the memorandum of understanding, in consideration for the full settlement and release of all claims under the Action, MetroCorp and East West agreed to make certain additional disclosures related to the proposed Merger, which are contained in this Current Report on Form 8-K (this “Current Report”). East West has further agreed to forbear from requiring that the full 3% termination fee payable by MetroCorp in the event that the Merger Agreement is terminated under certain circumstances be paid, instead requiring that a termination fee of 2.5% of the merger consideration be paid in such circumstances. The memorandum of understanding contemplates that the parties will negotiate in good faith and use their reasonable best efforts to enter into a stipulation of settlement.

Votes For

Votes

Against

Abstentions

Broker

Non-Votes

12,760,365

176,547

—

21,052

~~The~~Proposal ~~stipulation~~3 of– ~~settlement~~Approval ~~will be subject to customary conditions, including Court approval following notice to MetroCorp’s shareholders. In the event that the parties enter into a stipulation~~ of ~~settlement,~~one aor ~~hearing~~more ~~will~~adjournments ~~be scheduled at which the Court will consider the settlement. There can be no assurance that the parties will ultimately enter into a stipulation~~ of ~~settlement~~ ~~or that~~ the ~~Court~~Special ~~will~~Meeting, ~~approve the settlement even~~ if ~~the~~necessary ~~parties~~or appropriate, ~~were~~including adjournments to ~~enter~~permit ~~into~~further ~~such~~solicitation ~~stipulation.~~of Inproxies ~~such~~in ~~event,~~favor ~~the~~of ~~proposed settlement as contemplated by~~ the ~~memorandum~~Merger ~~of understanding may be terminated~~Proposal.

The settlement will not affect the timing of the special meeting of MetroCorp shareholders, which is scheduled to be held on December 16, 2013, but it may affect the amount

Votes For

Votes

Against

Abstentions

Broker

Non-Votes

12,270,051

671,318

211

16,384

-Pursuant to the foregoing votes, Proposals 1, 2- and 3 were approved.

ofSIGNATURES merger consideration depending on whether the merger consideration is calculated at $14.60 per share or 1.72 times the per share tangible equity, as adjusted. The settlement is not, and should not be construed as, an admission of wrongdoing or liability by any defendant. MetroCorp, East West and the directors of MetroCorp continue to believe that the Action is without merit and vigorously deny the allegations that MetroCorp’s directors breached their fiduciary duties. Likewise, neither MetroCorp, East West nor the directors of MetroCorp believe that any disclosures regarding the Merger are required under applicable laws other than that which has already been provided in MetroCorp’s definitive proxy statement filed with the Securities and Exchange Commission on November 8, 2013 (the “Proxy Statement”). Furthermore, nothing in this Current Report or any settlement shall be deemed an admission of the legal necessity or materiality of any of the disclosures set forth in this Report. However, to avoid the risk of the putative shareholder class action delaying or adversely affecting the Merger, to minimize the substantial expense, burden, distraction and inconvenience of continued litigation and to fully and finally resolve the claims, MetroCorp and East West have agreed to make these supplemental disclosures to the Proxy Statement.

~~SUPPLEMENT~~Pursuant TOto ~~THE~~the ~~PROXY~~requirements ~~STATEMENT~~of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

In connection with the settlement of certain outstanding shareholder litigation as described in this Current Report, MetroCorp has agreed to make these supplemental disclosures to its Proxy Statement, without admitting in any way that the disclosures below are material or otherwise required by law. This supplemental information should be read in conjunction with the Proxy Statement, which should be read in its entirety. All page references in the information below are to pages in the filed Proxy Statement, and terms used below have the meanings set forth in the Proxy Statement, unless otherwise defined below.


	METROCORP BANCSHARES, INC.
	(Registrant)

Dated: December 17, 2013	By:	/s/ George M. Lee
		George M. Lee
		Co-Chairman, President and Chief Executive Officer

The following disclosure supplements the information set forth in the first paragraph on page 38 of the Proxy Statement under the heading “Background of the Merger” by adding the following after the second sentence:

In early 2013, MetroCorp retained a consultant in China to, among other duties, identify any Chinese financial institution that was interested in entering the U.S. market through a business combination with MetroCorp.

The following disclosure supplements the information set forth in the fourth paragraph on page 38 of the Proxy Statement under the heading “Background of the Merger” by adding the following before the first sentence:

On August 14, 2013, Mr. Ng and Mr. Lee met for dinner in Los Angeles during which Mr. Lee advised Mr. Ng that MetroCorp was amenable to receiving a specific indication of interest from East West. They further discussed, among other topics, share price as a multiple of tangible book value and premium to market pricing indicated in recent Texas bank and Asian ethnic bank transactions.

-3-

After discussing recent financial institution acquisition activity, it was agreed that for strategic reasons Mr. Lee would recommend that Sandler O’Neill, rather than the investment bank engaged in 2011, be engaged to render a fairness opinion with respect to the transaction with East West.

The third sentence of the third paragraph on page 39 of the Proxy Statement under the heading “Background of the Merger” is revised to read as follows:

The board of directors also approved the engagement of Sandler O’Neill to advise MetroCorp and render a fairness opinion and the two members of the board of directors unable to attend the meeting conveyed their oral support of the engagement of Sandler O’Neill.

The following disclosure supplements the information set forth in the sixth paragraph on page 39 of the Proxy Statement under the heading “Background of the Merger” by adding the following after the fourth sentence:

On September 11, 2013, Mr. Ng advised Mr. Lee by email that East West had recalculated the purchase price from $281 million to $273 million, thus lowering the purchase price from an estimated $15.00 per share as set forth in East West’s letter of intent to $14.60. In that same email, Mr. Ng advised Mr. Lee that East West, as opposed to MetroCorp, would pay for approximately $2.5 million in employee stock options, as well as Mr. Lee’s severance package with MetroCorp, worth approximately $1.785 million.

-4-

The following disclosure supplements the information set forth in the table and related footnotes on page 47 of the Proxy Statement, under the heading “Opinion of MetroCorp’s Financial Advisor – MetroCorp: Comparable Company Analysis”:

			Capital Position						LTM Profitability											Asset Quality									Valuation
																													Price/
					Tier 1		Total							Net						LLR/			NPAs¹/			NCOs/			Tang.				2013		2014
	Total		TCE/		RBC		RBC							Interest			Efficiency			Gross			Total			Avg.			Book		LTM		Est.		Est.		Market
	Assets		TA		Ratio		Ratio		ROAA		ROAE			Margin			Ratio			Loans			Assets			Loans			Value		EPS		EPS		EPS		Value
Company	($mm)		(%)		(%)		(%)		(%)		(%)			(%)			(%)			(%)			(%)			(%)			(%)		(x)		(x)		(x)		($mm)
ViewPoint Financial Group, Inc.		3,594		14.10		17.98		18.67		1.09		7.24			3.71			57.3			0.70			0.71			0.19			159		20.3		21.8		19.3		801
Southside Bancshares, Inc.		3,385		6.34		19.83		21.04		1.07		13.29			3.24			64.2			1.42			0.36			0.68			217		13.2		17.3		16.7		463
First NBC Bank Holding Company		3,027		10.12		14.81		15.95		1.14		11.75			3.20			66.5			1.32			0.78			0.03			140		12.0		11.5		10.0		427
CoBiz Financial Inc.		2,739		7.54		14.52		16.70		1.04		10.58			3.84			71.4			2.14			2.28			0.12			183		14.9		14.4		13.2		378
Southwest Bancorp, Inc.		2,032		12.12		22.48		23.78		0.64		5.32			3.31			68.4			3.07			1.51			0.50			117		24.1		21.9		18.8		289
Independent Bank Group, Inc.		1,906		9.74		13.80		15.69		1.30		15.49			4.40			64.5			0.84			1.27			0.08			235		14.3		19.5		17.5		430
Guaranty Bancorp		1,866		9.55		13.71		14.96		0.66		6.44			3.60			72.3			1.63			1.53			1.26			143		20.5		18.4		16.4		242
MidSouth Bancorp, Inc.		1,864		5.21		13.24		13.95		0.70		6.33			4.59			73.4			0.76			0.76			0.07			186		17.6		13.6		12.8		176
First Guaranty Bancshares, Inc.		1,423		5.68		13.54		14.64		0.74		7.73			2.93			65.5			1.48			2.20			0.02			106		9.6		NA		NA		85
OmniAmerican Bancorp, Inc.		1,316		15.38		23.03		23.88		0.47		2.95			3.20			82.8			0.88			1.75			0.49			131		40.5		NM		39.8		265
North Dallas Bank & Trust Co.		1,247		10.24		31.06		32.32		0.41		4.22	²		2.10	²		67.7	²		1.98	²		0.51	²		0.25	²		98		24.3		NA		NA		125
Median		1,906		9.74		14.81		16.70		0.74		7.24			3.31			67.7			1.42			1.27			0.19			143		17.6		17.9		16.7		289
MetroCorp Bancshares, Inc.		1,586		10.40		15.84		17.10		0.75		6.52			3.68			73.0			1.85			1.74			0.34			119		17.0		17.3		13.6		194

* Financial data as of or for the period ending June 30, 2013; market data as of September 16, 2013

1) Nonperforming assets include nonaccrual loans and leases, renegotiated loans and leases, and foreclosed or repossessed assets

2) Financial data as of or for the period ending March 31, 2013

3) Closing price divided by median analyst estimate for 2013 as of September 16, 2013; Source: FactSet First Call

4) Closing price divided by median analyst estimate for 2014 as of September 16, 2013; Source: FactSet First Call

Source: SNL Financial

-5-

The following disclosure supplements the information set forth in the table and related footnotes on page 48 of the Proxy Statement, under the heading “Opinion of MetroCorp’s Financial Advisor – East West: Comparable Company Analysis”:

			Capital Position						LTM Profitability								Asset Quality							Valuation
																								Price/
					Tier 1		Total						Net				LLR/		NPAs¹/		NCOs/			Tang.				2013		2014
	Total		TCE/		RBC		RBC						Interest		Efficiency		Gross		Total		Avg.			Book		LTM		Est.		Est.		Market
	Assets		TA		Ratio		Ratio		ROAA		ROAE		Margin		Ratio		Loans		Assets		Loans			Value		EPS		EPS		EPS		Value
Company	($mm)		(%)		(%)		(%)		(%)		(%)		(%)		(%)		(%)		(%)		(%)			(%)		(x)		(x)		(x)		($mm)
BOK Financial Corporation		27,808		9.38		13.36		15.27		1.25		11.40		2.85		61.2		1.59		0.72		0.07			172		13.1		13.6		13.6		4,427
City National Corporation		27,380		6.32		9.74		12.78		0.81		8.93		3.31		67.3		1.88		0.55		(0.19	)		214		17.2		17.1		16.7		3,656
Synovus Financial Corp.		26,563		9.71		13.49		15.99		3.18		25.78		3.39		63.1		1.70		4.78		0.61			113		3.8		22.9		16.1		3,140
First Horizon National Corporation		25,133		7.95		13.26		15.53		0.65		6.35		3.03		77.1		1.58		3.53		0.45			138		18.7		15.6		13.0		2,742
Associated Banc-Corp		23,617		8.25		11.88		13.29		0.83		6.41		3.22		67.9		1.74		1.54		0.35			138		14.6		14.9		14.9		2,592
FirstMerit Corporation		23,532		7.61		11.40		13.91		0.95		8.43		3.74		59.7		1.05		0.55		0.10			200		16.3		16.4		13.3		3,463
Cullen/Frost Bankers, Inc.		22,572		7.90		14.22		15.39		1.07		9.64		3.42		60.9		1.01		0.45		0.16			235		18.5		18.4		17.1		4,203
SVB Financial Group		22,154		8.34		12.84		14.03		1.31		11.09		3.22		65.9		1.24		0.19		0.50			207		21.0		20.9		20.4		3,838
Commerce Bancshares, Inc.		21,910		9.06		13.58		14.85		1.22		11.67		3.22		58.7		1.60		0.54		0.37			199		15.3		15.2		14.7		3,972
First Citizens BancShares, Inc.		21,309		8.65		14.91		16.41		0.76		8.35		4.50		69.5		1.96		0.89		0.15			107		12.5		NA		NA		1,946
Webster Financial Corporation		20,329		7.27		12.93		14.19		0.92		8.83		3.26		61.4		1.33		2.28		0.43			161		13.3		13.3		12.8		2,313
Median		23,532		8.25		13.26		14.85		0.95		8.93		3.26		63.1		1.59		0.72		0.35			172		15.3		16.0		14.8		3,463
East West Bancorp, Inc.		23,308		8.15		12.88		14.35		1.29		12.34		4.39		44.5		1.50		0.87		0.12			221		15.0		14.3		13.6		4,118

* Financial data as of or for the period ending June 30, 2013; market data as of September 16, 2013

1) Nonperforming assets include nonaccrual loans and leases, renegotiated loans and leases, and foreclosed or repossessed assets

2) Closing price divided by median analyst estimate for 2013 as of September 16, 2013; Source: FactSet First Call

3) Closing price divided by median analyst estimate for 2014 as of September 16, 2013; Source: FactSet First Call

Source: SNL Financial

The first sentence of the third full paragraph on page 48 of the Proxy Statement under the heading “Opinion of MetroCorp’s Financial Advisor—Analysis of Selected Merger Transactions,” is revised to read as follows:

Sandler O’Neill reviewed the following multiples: transaction price to last twelve months’ earnings per share, transaction price to estimated earnings per share, transaction price to stated book value, transaction price to stated tangible book value, core deposit premium, and transaction price to seller price one month before announcement.

-6-

Southwest Merger Transactions

				Transaction Information													Seller Information
				Price/								Core		1-Month
				LTM		Est.		Book				Deposit		Market			Total		TCE/		YTD			Res./		NPAs¹/
		Annc.		Earnings		EPS		Value		TBV		Premium		Premium			Assets		TA		ROAA			Loans		Assets
Acquiror	Target	Date		(x)		(x)		(%)		(%)		(%)		(%)			($)		(%)		(%)			(%)		(%)
Prosperity Bancshares Inc.	F & M Bancorp. Inc.		08/29/13		15.8		—		185		185		4.8		(36.3	)		2,436.7		5.40		0.60			1.25		0.56
Cullen/Frost Bankers Inc.	WNB Bancshares Inc.		08/13/13		12.8		—		284		284		13.2		—			1,417.0		5.46		1.94			1.38		0.21
Prosperity Bancshares Inc.	FVNB Corp.		05/24/13		17.8		—		179		230		11.1		—			2,410.6		6.23		1.10			1.55		0.58
Prosperity Bancshares Inc.	Coppermark Bancshares Inc.		09/21/12		13.1		—		159		159		6.9		—			1,325.0		9.24		1.11			1.32		1.71
Hilltop Holdings Inc.	PlainsCapital Corp.		05/08/12		8.6		—		114		128		4.4		—			5,787.6		6.59		1.51			1.47		1.69
Cadence Bancorp LLC	Encore Bancshares Inc.		03/05/12		NM		24.8		171		240		13.8		37.5			1,522.6		6.76		0.49			1.75		1.12
Carlile Bancshares Inc.	Northstar Financial Corp.		02/21/12		18.2		—		173		174		7.4		—			949.8		6.92		1.08			1.78		2.00
Prosperity Bancshares Inc.	American State Financial Corp.		01/12/12		12.6		—		189		206		13.5		—			3,081.7		8.38		1.48			2.02		0.30
IBERIABANK Corp.	Cameron Bancshares Inc.		03/10/11		14.6		—		174		174		11.9		—			705.7		10.96		1.29			1.32		1.34
Comerica Inc.	Sterling Bancshares Inc.		01/16/11		NM		—		162		230		16.7		53.7			5,039.6		9.13		(0.03	)		2.81		3.89
Median					13.8		NM¹		174		196		11.5		37.5			1,966.6		6.84		1.11			1.51		1.23

1) Nonperforming assets include nonaccrual loans and leases, renegotiated loans and leases, and foreclosed or repossessed assets

Source: SNL Financial

Nationwide Merger Transactions

				Transaction Information													Seller Information
				Price/								Core		1-Month
				LTM		Est.		Book				Deposit		Market			Total		TCE/		YTD		Res./		NPAs¹/
		Annc.		Earnings		EPS		Value		TBV		Premium		Premium			Assets		TA		ROAA		Loans		Assets
Acquiror	Target	Date		(x)		(x)		(%)		(%)		(%)		(%)			($)		(%)		(%)		(%)		(%)
Prosperity Bancshares Inc.	F & M Bancorp. Inc.		08/29/13		15.8		—		185		185		4.8		(36.3	)		2,437		5.40		0.60		1.25		0.56
Cullen/Frost Bankers Inc.	WNB Bancshares Inc.		08/13/13		12.8		—		284		284		13.2		—			1,417		5.46		1.94		1.38		0.21
Prosperity Bancshares Inc.	FVNB Corp.		05/24/13		17.8		—		179		230		11.1		—			2,411		6.23		1.10		1.55		0.58
Home BancShares Inc.	Liberty Bancshares Inc		05/21/13		12.7		—		106		162		3.3		—			2,853		6.26		0.80		1.87		3.39
Provident New York Bancorp	Sterling Bancorp		04/03/13		17.1		15.4		150		168		8.1		8.4			2,751		7.50		0.78		1.26		0.49
SCBT Financial Corp.	First Financial Holdings Inc.		02/19/13		12.0		15.3		127		132		3.4		32.5			3,216		7.07		0.89		1.73		1.54
PacWest Bancorp	First California Financial Grp		11/06/12		21.1		20.0		111		170		5.4		15.3			1,991		7.18		0.64		1.55		1.95
NBT Bancorp Inc.	Alliance Financial Corp.		10/07/12		19.1		21.0		157		212		12.4		32.4			1,423		7.85		0.78		0.99		0.62
Cadence Bancorp LLC	Encore Bancshares Inc.		03/05/12		NM		24.8		171		240		13.8		37.5			1,523		6.76		0.49		1.75		1.12
Susquehanna Bancshares Inc.	Tower Bancorp Inc.		06/20/11		NM		21.9		135		149		6.0		38.4			2,616		8.83		0.05		0.72		1.60
Valley National Bancorp	State Bancorp Inc.		04/28/11		23.7		22.2		188		188		8.2		35.1			1,580		7.67		0.76		2.40		2.46
Brookline Bancorp Inc.	Bancorp Rhode Island Inc.		04/19/11		22.9		22.1		175		193		11.8		58.5			1,604		7.31		0.62		1.61		1.13
Susquehanna Bancshares Inc.	Abington Bancorp Inc		01/26/11		33.4		31.1		124		124		9.1		9.4			1,247		16.99		0.61		0.61		3.18
Median					17.8		21.9		157		185		8.2		32.4			1,991		7.18		0.76		1.55		1.13

1) Nonperforming assets include nonaccrual loans and leases, renegotiated loans and leases, and foreclosed or repossessed assets

Source: SNL Financial

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The first sentence of the first paragraph on page 49 of the Proxy Statement under the heading “Opinion of MetroCorp’s Financial Advisor—Analysis of Selected Merger Transactions – Imputed Valuation,” is revised to read as follows:

The below shows the imputed valuation for MetroCorp based on the application of median and mean multiples observed from the above transactions.

The following disclosure supplements the information set forth in the first sentence of the first paragraph on page 49 of the Proxy Statement, under the heading “Opinion of MetroCorp’s Financial Advisor – MetroCorp: Net Present Value Analysis”:

	12/31/2013		12/31/2014		12/31/2015		12/31/2016		12/31/2017
Net Income	$	11,228	$	14,229	$	15,225	$	16,291	$	17,431
Earnings per Share	$	0.60	$	0.76	$	0.81	$	0.87	$	0.93
Dividends per Share	$	0.06	$	0.08	$	0.08	$	0.08	$	0.08
Tangible Book Value per Share	$	8.99	$	9.67	$	10.40	$	11.19	$	12.05

Actual results could vary materially from the above unaudited prospective financial estimates. These estimates are based on publicly available median analyst earnings estimates for the years ending December 31, 2013 and December 31, 2014 and a publicly available long-term growth rate for the years thereafter and were not prepared by East West or MetroCorp. East West and MetroCorp do not as a matter of course make public long-term projections as to future revenues, earnings or other results due to, among other reasons, the uncertainty of the underlying assumptions and estimates. The above unaudited prospective financial estimates are included in this document solely because such estimates were utilized by Sandler O’Neill in connection with its financial analysis. The inclusion of the above unaudited prospective financial estimates in this document should not be regarded as an indication that such estimates will be predictive of actual future events nor construed as financial guidance, and they should not be relied on as such, and such inclusion should not be regarded as an indication that any of East West, MetroCorp, Sandler O’Neill or any other person considered, or now considers, such estimates to be necessarily predictive of actual future results. Neither East West’s and MetroCorp’s independent auditors nor any other independent accountants have compiled, examined, or performed any procedures with respect to the above unaudited prospective financial estimates, nor have they expressed any opinion or any other form of assurance on such estimates or their achievability. In addition, Sandler O’Neill did not express any opinion or any other form of assurance on such estimates or their achievability. By including the above unaudited prospective financial estimates in this document, none of East West, MetroCorp or any of their respective representatives has made or makes any representation to any person regarding these estimates. Readers of this document are cautioned not to place undue reliance on the above unaudited prospective financial estimates.

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The following disclosure supplements the information set forth in the first sentence of the second paragraph on page 50 of the Proxy Statement, under the heading “Opinion of MetroCorp’s Financial Advisor – East West: Net Present Value Analysis”:

	12/31/2013		12/31/2014		12/31/2015		12/31/2016		12/31/2017
Net Income	$	288,810	$	303,182	$	328,986	$	357,010	$	387,497
Earnings per Share	$	2.09	$	2.20	$	2.39	$	2.59	$	2.81
Dividends per Share	$	0.60	$	0.60	$	0.60	$	0.60	$	0.60
Tangible Book Value per Share	$	14.37	$	16.03	$	17.88	$	19.92	$	22.18

The following disclosure supplements the information set forth in the second sentence of the first paragraph under the heading “Opinion of MetroCorp’s Financial Advisor – Sandler O’Neill’s Compensation and Other Relationships with MetroCorp Bancshares, Inc.” on page 52 of the Proxy Statement by adding the following:

Sandler O’Neill is not entitled to receive any additional compensation contingent upon the consummation of the proposed merger.

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Cautionary Statements Regarding Forward-Looking Information

This Current Report on Form 8-K contains certain forward-looking information about East West Bancorp, Inc., MetroCorp Bancshares, Inc., and the combined company after the close of the Merger that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may,” “hope,” “will,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “continue,” “could,” “future” or the negative of those terms or other words of similar meaning. You should carefully read forward-looking statements, including statements that contain these words, because they discuss the future expectations or state other “forward-looking” information about East West, MetroCorp and the combined company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of East West, MetroCorp and the combined company. Forward-looking statements speak only as of the date they are made and we assume no duty to update such statements. In addition to factors previously disclosed in reports filed by East West and MetroCorp with the SEC, risks and uncertainties for each institution and the combined institution include, but are not limited to: the possibility that any of the anticipated benefits of the proposed Merger will not be realized or will not be realized within the expected time period; the risk that integration of MetroCorp’s operations with those of East West will be materially delayed or will be more costly or difficult than expected; the inability to close the Merger in a timely manner; the inability to complete the Merger due to the failure of MetroCorp shareholders to adopt the Merger Agreement; diversion of management’s attention from ongoing business operations and opportunities; the failure to satisfy other conditions to completion of the Merger, including receipt of required regulatory and other approvals; the failure of the proposed Merger to close for any other reason; the risk that integration of MetroCorp’s operations with those of East West will be materially delayed or will be more costly or difficult than expected; the challenges of integrating and retaining key employees; the effect of the announcement of the Merger on East West’s, MetroCorp’s or the combined company’s respective customer relationships and operating results; the possibility that the Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and general competitive, economic, political and market conditions and fluctuations.

Important Information About the Proposed Merger and Where to Find It

In connection with the proposed Merger, East West has filed with the SEC a registration statement on Form S-4, which includes the proxy statement/prospectus with respect to the proposed acquisition of MetroCorp. INVESTORS AND SECURITY HOLDERS OF METROCORP ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER CAREFULLY AND IN ITS ENTIRETY, INCLUDING ANY DOCUMENTS PREVIOUSLY FILED WITH THE SEC AND INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT/PROSPECTUS, BECAUSE IT CONTAINS IMPORTANT INFORMATION REGARDING EAST WEST, METROCORP AND THE PROPOSED MERGER. Investors may obtain a free copy of the registration statement and proxy statement/prospectus, as well as other filings containing information about East West and MetroCorp, without charge, at the SEC’s website at

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http://www.sec.gov/. Investors may also obtain these documents, without charge, from East West’s website at http://www.eastwestbank.com or by contacting East West’s investor relations department at (626) 768-6800 or from MetroCorp’s website at https://www.metrobank-na.com or by contacting MetroCorp’s investor relations department at (713) 776-3876.

Participants in a Solicitation

MetroCorp and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed Merger. Information about the directors and executive officers of MetroCorp and their ownership of MetroCorp common stock is set forth in the Proxy Statement as previously filed with the SEC. Additional information regarding the interests of such participants in the proposed Merger is included in the proxy statement/prospectus. Free copies of these documents may be obtained as described in the preceding paragraph.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

ExhibitNumber		Description of Exhibit
99.1		Press Release dated December 10, 2013

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

ExhibitNumber		Description of Exhibit
99.1		Press Release dated December 10, 2013

METROCORP BANCSHARES, INC.

(Registrant)

Dated: December 10, 2013

/s/ George M. Lee

George M. Lee

Co-Chairman, President and Chief Executive Officer

Filing Compare · MetroCorp Bancshares, Inc.