East West Bank

...fourth-biggest bank to fail this year: San Francisco's United Commercial Bank, with $11.2 billion in assets. East West Bancorp Inc., parent of East West Bank of Pasadena, Calif., agreed to buy all of United Commercial's deposits and most of...

In this article: FDIC, Century Bank, Florida, United Commercial Bank, California, Unemployment, and Treasury Department

...Friday by California regulators and placed under receivership of the Federal Deposit Insurance Corporation. The deposits were assumed by East West Bank of Pasadena, Calif. The bank mostly serves ethnic Chinese communities in the United...

In this article: Standard & Poor's, United Commercial Bank, California, Federal Deposit Insurance Corporation, United States, San Francisco, and NEW YORK

...next year. Last year 25 institutions were closed by regulators, compared to three in all of 2007. Dominic Ng, chief executive of East West Bank, said the transaction was "a transformational event" that strengthened his bank's...

In this article: China, FDIC, United Commercial Bank, United States, Balance sheet, NYSE, and Nasdaq

...closed. "All deposit accounts, excluding certain brokered deposits, have been transferred to East West Bank, Pasadena, CA. For more information on East West Bank, visit us at www.eastwestbank.com." First Published: Nov 6, 2009 8:30 PM PST

In this article: Federal Deposit Insurance Corporation, United Commercial Bank, Los Angeles County, San Francisco, CA, and Pasadena

...San Francisco, which had 63 U.S. branches as well as operations in Hong Kong and Shanghai. The bank held deposits totaling $7.5 billion. East West Bank of Pasadena, Calif., agreed to assume all of United Commercial's domestic branches, as...

In this article: FDIC, Customer, Alerus Financial, Security Bank, and United Commercial Bank

...Commercial Bank in San Francisco, with $11.2 billion in assets and $7.5 billion in deposits. East West Bancorp Inc., parent company of East West Bank based in Pasadena, Calif., is buying all of the deposits and most of the failed bank's...

In this article: FDIC, California, Georgia, United Commercial Bank, Michigan, Minnesota, Illinois, Unemployment, FBOP Corp., and Alerus Financial

...Shanghai. The Federal Deposit Insurance Corp said United Commercial Bank had $11.2 billion in assets and $7.5 billion in deposits. East West Bank, of Pasadena, California, agreed to assume all deposits of United Commercial Bank. The 63 U.S....

In this article: United Commercial Bank, San Francisco, Federal Deposit Insurance Corp, Shanghai, California, U.S., and Pasadena