United Commercial Bank

...Bancorp. Pasadena-based East West (NASDAQ: EWBC) paid a premium of 1.1 percent for the deposits at United Commercial Bank's 63-branch network stretching from San Francisco and Los Angeles to Seattle, Atlanta and New York. It also had...

In this article: Federal Deposit Insurance Corp., San Francisco, East West Bank, Shanghai, Business Times, and Nasdaq

Minsheng's plans to expand beyond China's borders were dealt a blow on Friday when United Commercial Bank, a large San Francisco lender with branches in Hong Kong and Shanghai, became the 120th US bank to fail this year. Minsheng...

In this article: Hong Kong, Shanghai, China, China Minsheng Bank, Las Vegas Sands, San Francisco, Reuters, and US

...late Friday, bringing the 2009 tally to 120. The biggest to fall was United Commercial Bank of 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.

In this article: FDIC, Customer, Alerus Financial, Security Bank, and East West Bank

...a branch in Hong Kong and a subsidiary, UCB-China, in Shanghai. They reopened as part of East West Bank (EWBC), which has a similar business model including China. UCBH Holdings is the first failed TARP recipient. UCBH received $298.7...

In this article: TARP, S&P 500, Russell 2000, East West Bank, Dow, China, and Shanghai

...to get banking license in China, the Los Angeles Times reported. The Times said United Commercial received $299 million in federal bailout funds last year. The FDIC estimated United Commercial's failure would cost its insurance...

In this article: FDIC, California, U.S., San Francisco, East West Bank, and Los Angeles Times

...Bank had 63 U.S. branches, a branch in Hong Kong and a subsidiary, UCB-China, in Shanghai. They will reopen as part of East West Bank. China's Banking Regulatory Commission said UCB-China had ample liquidity and capital. It said the...

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

...Minsheng can amass funds to improve its own sub-par capital position - listing shares in Hong Kong looks the simplest route - a move on UCBH should provide an excellent test case of just how far American attitudes to direct Chinese...

In this article: Minsheng Bank, UCBH, China, San Francisco, US, Beneficiary, Revenue, and Unocal