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Saturday, November 21, 2009 2:49 PM

East West Bank

Type: Company
Name: East West Bank
First Reported 11/07/2009 - Updated 11/08/2009 - 13 Documents (in Internet & IT)
And even more bank closings
Silly bankers. They should have sold out to one of the big players on Wall Street. They would still be in action and flush with cash.Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank ... [AMERICAblog News| A great nation deserves the t ... - 11/08/2009]
First Reported 11/07/2009 - Updated 11/07/2009 - 5 Documents
FDIC takes $1.5 billion hit
SAN FRANCISCO (MarketWatch) -- Five more banks, including a California-based institution that reportedly received federal bailout funds in 2008, were closed Friday by regulators, bringing the 2009 total to 120 failed banks.The latest banks to be taken ... [MarketWatch - 11/07/2009]
First Reported 11/10/2009 - Updated 11/11/2009 - 3 Documents
UCB closure won't harm our profit: China Minsheng Bank - Zibb.com
Companies: China Minsheng Banking Corp Ltd (CMAKF), United Commercial Bank Ltd (UCOBF)CHINA MINSHENG BANKING CORP. (SSE:600016) said Tuesday that the closure of California-based UNITED COMMERCIAL BANK (UCB) had "no major impact" on its operations and ... [Zibb - 11/11/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 2 Documents (in Corporate Deals)
Playfish - Click to view 360-page
Playfish
Notable Mergers and Acquisitions of the Day 11/9: ERTS, GE/CMCSA, EWBC
Electronic Arts Inc. (NASDAQ: ERTS) today announced it has acquired Playfish, a leading creator of social network games. The acquisition accelerates EA's position in social entertainment and strengthens its focus on the transition to digital and social ... [Street Insider - 11/09/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 2 Documents
Tracking Bank Failures: United Commercial Becomes 120th Bank Seized
Regulators closed five more banks Friday. That brings the total for the year to 120. San Francisco-based United Commercial Bank became the fifth and largest bank to be taken over by regulators. East West Bank of Pasadena, Calif., will take over United ... [WSJ.com: Deal Journal - 11/09/2009]
First Reported 11/10/2009 - Updated 11/10/2009 - 1 Documents (in Market News)
Las Vegas Sands Corp - Click to view 360-page
Las Vegas Sands Corp
Las Vegas Sands, Wynn, East West Banc Rise
RadioShack Corporation led gainers in the S&P 500 index with a rise of 12.9% after it began the selling of iPhone at select stores. Las Vegas Sands advanced after it arranged bank commitment of $1.45 billion for Macau casino. Wynn Resorts gained on $4 ... [123Jump - 11/10/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 1 Documents
Morgan Stanley & Co - Click to view image in its original context
Morgan Stanley & Co
Sandler O'Neill, Morgan Stanley & Noble Financial Upgrade East West Bancorp (EWBC)
Sandler O'Neill upgrades East West Bancorp (Nasdaq: EWBC) from Sell to Hold.Morgan Stanley upgrades East West Bancorp from Equalweight to Overweight. Price target $12.Noble Financial also upgrades East West Bancorp from Hold to Buy, price target $20.To ... [Street Insider - 11/09/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 1 Documents
CYRS, VGPR, PAYI, QEDN, EWBC and CGEN are the Nov. 9th Daily Market Movers Digest Picks from OTCPicks.com
solving problems created by today's 'virtual' work environment (branch offices, remote workers, traveling employees). Omni Manager is a web-hosted software application that includes Internet filtering and blocking, antivirus, instant messaging management, ... [Earthtimes.org - 11/09/2009]
First Reported 11/09/2009 - Updated 11/09/2009 - 1 Documents
United Commercial branches bought by East West Bank
Branches of United Commercial Bank, based in San Francisco, opened Monday as branches of East West Bank, which is based in Pasadena.United Commercial bank has a branch at 4790 Freeport Blvd. in Sacramento that has more than $102 million in deposits, according ... [Biz Journals - 11/09/2009]
First Reported 11/07/2009 - Updated 11/07/2009 - 1 Documents
United Commercial Bank Closed
$11.2B Institution Acquired by East West BankUnited Commercial Bank, San Francisco, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect ... [Bank Info Security - 11/07/2009]
First Reported 11/08/2009 - Updated 11/08/2009 - 1 Documents
US regulators shut down California's UCB
regulators on Friday and its banking operations were acquired by East West Bancorp, also active in both nations.East West said the transaction made it the second-largest independent bank in California. Based in Pasadena, East West has 137 US branches, ... [Oman Tribune - 11/08/2009]
First Reported 11/08/2009 - Updated 11/08/2009 - 1 Documents
UCB local deposits are safe says HKMA
The Financial Secretary, John Tsang, has assured locals who have deposits with the now-bankrupt United Commercial Bank that their savings are fully protected. This comes after the San Francisco-based bank was seized by regulators and taken over by the ... [Radio Television Hong Kong - 11/08/2009]

Quotes

...Customer deposits were secure and remained FDIC-insured, said Tom Tolda, East West's chief financial officer. "We want United Commercial customers to understand that it's business as usual" Tolda said in an interview
Failure of bailed-out bank draws scrutiny to government loan [RBC Dain Rauscher - 11/12/2009]
...Emily Wang, director of marketing for the East West Bank, told Xinhua in an e-mail Tuesday, "The acquisition will not affect the operations of the former UCB in China at all. 'It will be business as usual for a while. After we stabilize the operations we will consider growth and expansion,' Wang said. The CBRC said foreign banks were operating normally in China, with capital adequacy ratios at 21.14 percent, liquidity ratios at 59.01 percent, bad loan ratios at 1.06 percent and loan loss provision adequacy rates at 123.55 percent."
Minsheng: UCB closure no major impact [CHINAdaily - 11/10/2009]
...and represents an exciting growth opportunity for East West,' said Dominic Ng, Chairman, President and Chief Executive Officer of East West. "East West and UCB share a rich cultural heritage. For East West, the transaction strengthens our presence in key markets throughout the U S and Asia and is another important milestone in realizing our vision to be recognized as the premier bridge between East and West" continued Ng. East West also announced the completion of a $500 million capital raise through the private placement of 18...
East West Bank Acquires the Banking Operations of San Francisco, California Based United Commerci ... [Street Insider - 11/07/2009]

More Content

All (58) | News (55) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0)
sort by: Date | Relevance
Regulators close Orion Bank and Century Bank in... [Yahoo! Canada - 11/14/2009]
Troubled Bay Area banks begin to topple [San Francisco Chronicle - 11/13/2009]
Nicolas Cage sues business manager for tax woes [AccountingWEB - 11/13/2009]
Minsheng offering draws US$14b of orders from g... [South China Morning Post - 11/12/2009]
Failure of bailed-out bank draws scrutiny to go... [RBC Dain Rauscher - 11/12/2009]
Wynn, Las Vegas Sands, East West Banc Rise [123Jump - 11/11/2009]
UCB closure won't harm our profit: China Minshe... [Zibb - 11/11/2009]
Minsheng: UCB closure no major impact [CHINAdaily - 11/10/2009]
China Minsheng Banking Almost Immune from UCB S... [Individual.com - 11/10/2009]
Las Vegas Sands, Wynn, East West Banc Rise [123Jump - 11/10/2009]
Failed Bank Tally Hits 120 [DSNews.com - 11/09/2009]
United Commercial branches bought by East West ... [Biz Journals - 11/09/2009]
CYRS, VGPR, PAYI, QEDN, EWBC and CGEN are the N... [Earthtimes.org - 11/09/2009]
Fitch Downgrades UCBH Holdings' IDR to 'C' [Yahoo! Canada - 11/09/2009]
Fitch Downgrades UCBH Holdings' IDR to 'C' [RBC Dain Rauscher - 11/09/2009]
Fitch Downgrades UCBH Holdings' IDR to 'C' [Business Wire - 11/09/2009]
East West shares soar after buying United Comme... [San Jose Business Journal - 11/09/2009]
Sandler O'Neill, Morgan Stanley & Noble Fin... [Street Insider - 11/09/2009]
Notable Mergers and Acquisitions of the Day 11/... [Street Insider - 11/09/2009]
East West Bancorp (EWBC) Acquires Banking Opera... [Street Insider - 11/09/2009]
FDIC Shutters Five More Banks [Institutional Investor - 11/09/2009]
FDIC sells United Commercial Bank to East West [San Jose Business Journal - 11/08/2009]
US regulators shut down California's UCB [Oman Tribune - 11/08/2009]
UCB local deposits are safe says HKMA [Radio Television Hong Kong - 11/08/2009]
FDIC takes $1.5 billion hit [MarketWatch - 11/07/2009]
United Commercial Bank Closed [Bank Info Security - 11/07/2009]
Five Banks Closed on Nov. 7 [Bank Info Security - 11/07/2009]
$11 billion bank fails [MarketWatch - 11/07/2009]
Bank Failure Friday Fells Another ‘Healthy Bank... [ProPublica: Articles and Investigations - 11/07/2009]
United Commercial Bank 120th bank to fail this ... [Zibb - 11/07/2009]
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In Focus
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Nicolas Cage, John Tsang, David Barr, [more]
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United Commercial Bank Ltd., East West Bancorp Inc, UCBH Holdings Inc, [more]
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Federal Deposit Insurance Corporation, California Department of Financial In ..., US Securities and Exchange Commission, [more]
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Dividend, Acquisition, Asian-Americans, [more]
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Shanghai, San Francisco (United States), Pasadena (California, United States), [more]
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Hong Kong, China, Taiwan, [more]
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Mergers & Acquisitions, Internet & IT, Financial Reporting
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Banking & Financial Services, IT, Real Estate, [more]
Zibb, Street Insider, Business Wire via MSN Money, [more]
Content Volume
Network
Trends

Blogs

sort by: Date | Relevance
Tracking Bank Failures: United Commercial Becom... [WSJ.com: Deal Journal - 11/09/2009]
Regulators closed five more banks Friday. That brings the total for the year to 120. San Francisco-based United Commercial Bank became the fifth and largest bank ...
And even more bank closings [AMERICAblog News| A great nation deserves the t ... - 11/08/2009]
Silly bankers. They should have sold out to one of the big players on Wall Street. They would still be in action and flush with cash.Regulators on Friday shut ...
Nicolas Cage Broke [WPNI Blogroll - Technology Gadgets Blog - 11/03/2009]
Nicolas Cage is broke. The 45-year-old actor claims his manager, Samuel Levin, mismanaged his money and sent "Cage down a path to financial ruin." To pay his debts, ...
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