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
Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators tonight and immediately sold to Pasadena's East West Bancorp, creating by far the largest U.S. bank focused on the Chinese...
Full Article at Los Angeles Times
2009-11-07 03:52:02 - billion in liabilities, including $6.5 billion in deposits of UCB. The FDIC and East West have entered into a loss sharing agreement covering substantially all acquired loans.
Full Article at PR-Inside.com
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