It has repaid the government in full

mostly its heavy duty pickup trucks Shares of East West Bancorp Inc (EWBC) are higher in regular-session trading after the bank said last night that it has repaid the government in full, buying back $306.5 million in preferred stock issued to the U.S.

Treasury under the TARP Capital Purchase Program. Webster Financial Corp (WBS) likewise said it repurchased the remaining $200 million of preferred stock it had issued to the government.

Shares of Ford Motor Co. (F) are down fractionally after the automaker recalled about 20,000 new vehicles in North America, Reuters reports. The recall involves mostly its heavy duty pickup trucks, due tothe chance than thinks an electrical short could cause a fire.