United Commercial Bank
Buying Belly-Up Banks With FDIC Backing
...East West Bancorp (EWBC) in Pasadena, Calif., won the bidding to take over failed San Francisco-based United Commercial Bank, its $9.9 billion in assets, and $6.5 billion in deposits.
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Surprise profit for Pasadena's East West Bank
When East West Bancorp acquired failed rival United Commercial Bank last November, analysts applauded. But they still expected the Pasadena bank to report year-end losses as it worked its...
"The situation for UCBH is critical and the risk of an FDIC receivership is high," Lana Chan of BMO Capital Markets said. A takeover would lead to the sale of UCBH assets through an FDIC-assisted deal, an attractive proposition to potential acquirers as these transactions include a loss-sharing agreement between the acquirer and FDIC, lowering the credit risk. "It's somewhat of a no-loss situation (for the acquirers),"
SCENARIOS-What are UCBH's options after FDIC order? Reuters | 6 months ago
UPDATE 1-East West Bancorp posts Q4 profit, CFO resigns
...holding firm East West Bancorp <EWBC.O> posted a fourth-quarter profit, helped by its FDIC-assisted acquisition of United Commercial Bank, and said Chief Financial Officer Thomas Tolda...
FDIC considers proposal to get piece of failed-bank buyers' stock gains
...could be lucrative. Shares of East West Bancorp have jumped 83 percent since it bought its largest rival, United Commercial Bank, from the FDIC in November. Shares of Iberiabank are up...
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latimes.com
More bailed-out community banks failing to pay U.S. dividends
...missed payments if they return to health. But two of the largest companies that have missed payments, CIT and UCBH, have filed for bankruptcy, wiping out Treasury's initial investment and...
Taking Their TARP Time
...CIT Group ( CIT - news - people ), which had $2.3 billion in TARP capital, has gone bankrupt. San Francisco-based United Commercial Bank also went into receivership, taking a $300...
Nasdaq to remove 3 companies from exchange
...company, was suspended on Nov. 18. The same day, trading was suspended for UCBH. The company's main subsidiary, United Commercial Bank, based in San Francisco, was closed by...
United Commercial Bank of San Francisco: Forgetaboutit
...up now. It's free. Q: United Commercial Bank of San Francisco, a former subsidiary of UCBH Holdings (UCBH), is one of the year's many bank failures. What is the current value of UCBH...
Cautionary saga of a failed San Francisco bank
...Shanghai. Separately, China Minsheng Banking Corp. of Shanghai bought 9.9 percent of parent company UCBH. May: UCBH said 2008 financial statements must be restated; loan losses reported...
East West Bancorp stock soars after United Commercial Bank deal
...the Chinese American market. Wall Street thinks Pasadena-based East West Bancorp made a sweet deal to buy rival United Commercial Bank in a takeover brokered by the Federal Deposit...
UCBH failure likely spells second TARP loss
...may come from the failure of San Francisco-based bank UCBH Holdings. UCBH /quotes/comstock/15*!ucbh/quotes/nls/ucbh (UCBH 0.84, 0.00, 0.00%) was seized by the Federal Deposit...
Big California bank fails, has China branches
...with Chinese laws. Minsheng Banking Corp owns 9.9 percent of UCBH Holdings Inc, the parent of United Commercial Bank, which was the biggest lender in the United States serving...
