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calculatedriskblog.com - 19 days ago
TARP Loses $299 million Investment in United Commercial Bank
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From the LA Times: United Commercial Bank is shut down, sold to East West Bancorp Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night ... United Commercial's collapse may cause a greater-than-usual stir because ...
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Bank Failure #120: United Commercial Bank, San Francisco, California — Calculated Risk
From the FDIC: East West Bank, Pasadena, California Assumes All the Deposits of United Commercial Bank, San Francisco, California United Commercial Bank, San Francisco, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit ...