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People's Daily Online
United Commercial Bank 120th bank to fail this year in U.S.
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. Full Article at People's Daily Online
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Former United Commercial Bank branches reopened Saturday as East West Bank branches in a move that will make East West the second-largest independent bank headquartered in the state, officials said. Full Article at SGVTribune.com
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transformational event for both institutions and represents an exciting growth opportunity for East West," East West President and CEO Dominic Ng said. "East West and UCB share a rich cultural heritage. Full Article at SGVTribune.com
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Throughout the year, U.S. banks have fell at the fastest rate since 1992 and earlier today, United Commercial Bank became the 120th bank in the country to fall this year. Full Article at To The Center
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LOS ANGELES, Nov. 7 (Xinhua) -- 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. Full Article at Xinhua
