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Saturday, November 21, 2009 4:37 PM

Published 11/07/2009 by Zibb


United Commercial Bank 120th bank to fail this year in U.S. - Zib...

Companies: Financial Institutions, Inc. (FISI), United Commercial Bank Ltd (UCOBF)

The San Francisco-based United Commercial Bank reopen Saturday as branches of East West Bank after it was shut down by regulators Friday night and immediately sold to the Pasadena-based East-West Bancorp.

The California Department of Financial Institutions has approved overnight...

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What others report on the same story

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 ... - [11/08/2009 - AMERICAblog News| A great nation deserves the t ...]
East West Bancorp Announces Conference Call to ...
East West Bancorp EWBC today announced the acquisition of the operations of United Commercial Bank in an FDIC assisted transaction. East West will host a call to ... - [11/07/2009 - Business Wire via MSN Money]
UPDATE 2-Big California bank fails, has China b...
* Big San Francisco bank serving Chinese community closed* UCB, bought by East West, is 120th U.S. failure this year* Beijing says China operations of closed bank ... - [11/07/2009 - Reuters UK]

Quotes

"This is a transformational event for both institutions and represents an exciting growth opportunity for East West" Dominic Ng, Chairman...
United Commercial Bank 120th bank to fail this year in U.S. - Zib... [Zibb - 11/07/2009]

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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 ...
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 ...
East West Bancorp shares soar on United Commerc... [Dealscape - 11/09/2009]
Pasadena, Calif.-based East West Bancorp. made its largest acquisition to date, buying San Francisco's United Commercial Bank from the Federal Deposit Insurance ...
East West Bancorp shares soar on United Commerc... [The Deal.com - 11/09/2009]
Pasadena, Calif.-based East West Bancorp. made its largest acquisition to date, buying San Francisco's United Commercial Bank from the Federal Deposit Insurance ...
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