Advertisement
 
YOU ARE HERE: LAT HomeCollectionsUcbh Holdings Inc
IN THE NEWS

Ucbh Holdings Inc

FEATURED ARTICLES
BUSINESS
July 4, 2002 | Bloomberg News
UCBH Holdings Inc. said it will buy 25% of privately held Bank of Canton of California for $48 million in stock and is in talks to acquire the remaining 75% to expand its business with Chinese customers in Los Angeles and San Francisco. UCBH, parent of United Commercial Bank, said it can back out of buying the 25% if no deal is hammered out for the rest. Acquiring the entire bank would increase United Commercial Bank's assets by 42% to about $4.4 billion.
ARTICLES BY DATE
BUSINESS
October 9, 2007 | Don Lee, Times Staff Writer
shanghai -- China Minsheng Banking Corp. said Monday that it had agreed to buy a 9.9% stake in UCBH Holdings Inc. of San Francisco in what would be the first U.S. strategic investment by a mainland Chinese bank. UCBH, the parent of United Commercial Bank, called the deal "historically significant." Analysts said the move by Beijing-based Minsheng was likely to be a harbinger.
Advertisement
BUSINESS
August 29, 2002 | Bloomberg News
UCBH Holdings Inc. agreed to buy the rest of closely held Bank of Canton of California for $169 million in cash to expand its business with Chinese customers in San Francisco and Los Angeles. UCBH Holdings, parent of United Commercial Bank and California's largest bank serving customers of Chinese descent, said last month that it planned to buy 25% of Bank of Canton for 1.3 million shares, valued then at about $48 million.
BUSINESS
March 28, 2007 | Evelyn Iritani, Times Staff Writer
United Commercial Bank plans to make history by purchasing a Shanghai financial institution and becoming the first Chinese American community bank to offer a wide range of services in China. With Business Development Bank Ltd., which United Commercial said Tuesday that it had agreed to buy for $205 million, the San Francisco-based bank could offer its customers a one-stop shop in the U.S. and China.
BUSINESS
October 14, 2005 | From Bloomberg News
UCBH Holdings Inc., a banking company with 46 branches serving ethnic Chinese communities in California and Brooklyn, N.Y., agreed to buy New York-based Great Eastern Bank for about $103.6 million in cash and stock. UCBH will pay $51.8 million in cash and 2.94 million of its shares for Great Eastern, which had $309.9 million in assets as of June 30, San Francisco-based UCBH said Thursday.
BUSINESS
September 20, 2006 | From Bloomberg News
UCBH Holdings Inc., a banking company that serves ethnic Chinese communities in the Northeast and Western U.S., has agreed to buy Summit Bank Corp. for $176 million in cash and stock, giving the San Francisco-based buyer an office in Shanghai as well as locations in Atlanta and Houston. The holding company for United Commercial Bank said Tuesday that it would issue about 4.8 million shares and pay $87.4 million in cash in the transaction. Details were not disclosed.
BUSINESS
July 18, 2003 | E. Scott Reckard, Times Staff Writer
The fast-growing Chinese American banks East West Bancorp Inc. in San Marino and UCBH Holdings Inc. in San Francisco reported sharply higher second-quarter earnings Thursday on strong growth in lending. But declining interest rates dragged down profit by 9% from a year earlier at Downey Financial Corp. in Newport Beach, Southern California's largest savings and loan. East West reported net income of $14.7 million, or 60 cents a share, up 20% from $12.
BUSINESS
February 10, 2006 | E. Scott Reckard, Times Staff Writer
Two Chinese American banking companies that have outgrown their California roots appear to be nearing the end of a bitter takeover battle for Great Eastern Bank, which serves ethnic Chinese communities in New York. The victor -- either Cathay General Bancorp of Los Angeles, or San Francisco's UCBH Holdings Inc. -- would own the largest Chinese American bank in New York. Those stakes help explain why the bidding war for Great Eastern has become such a street fight, analysts say.
BUSINESS
October 9, 2007 | Don Lee, Times Staff Writer
shanghai -- China Minsheng Banking Corp. said Monday that it had agreed to buy a 9.9% stake in UCBH Holdings Inc. of San Francisco in what would be the first U.S. strategic investment by a mainland Chinese bank. UCBH, the parent of United Commercial Bank, called the deal "historically significant." Analysts said the move by Beijing-based Minsheng was likely to be a harbinger.
BUSINESS
March 28, 2007 | Evelyn Iritani, Times Staff Writer
United Commercial Bank plans to make history by purchasing a Shanghai financial institution and becoming the first Chinese American community bank to offer a wide range of services in China. With Business Development Bank Ltd., which United Commercial said Tuesday that it had agreed to buy for $205 million, the San Francisco-based bank could offer its customers a one-stop shop in the U.S. and China.
BUSINESS
September 20, 2006 | From Bloomberg News
UCBH Holdings Inc., a banking company that serves ethnic Chinese communities in the Northeast and Western U.S., has agreed to buy Summit Bank Corp. for $176 million in cash and stock, giving the San Francisco-based buyer an office in Shanghai as well as locations in Atlanta and Houston. The holding company for United Commercial Bank said Tuesday that it would issue about 4.8 million shares and pay $87.4 million in cash in the transaction. Details were not disclosed.
BUSINESS
February 10, 2006 | E. Scott Reckard, Times Staff Writer
Two Chinese American banking companies that have outgrown their California roots appear to be nearing the end of a bitter takeover battle for Great Eastern Bank, which serves ethnic Chinese communities in New York. The victor -- either Cathay General Bancorp of Los Angeles, or San Francisco's UCBH Holdings Inc. -- would own the largest Chinese American bank in New York. Those stakes help explain why the bidding war for Great Eastern has become such a street fight, analysts say.
BUSINESS
October 14, 2005 | From Bloomberg News
UCBH Holdings Inc., a banking company with 46 branches serving ethnic Chinese communities in California and Brooklyn, N.Y., agreed to buy New York-based Great Eastern Bank for about $103.6 million in cash and stock. UCBH will pay $51.8 million in cash and 2.94 million of its shares for Great Eastern, which had $309.9 million in assets as of June 30, San Francisco-based UCBH said Thursday.
BUSINESS
July 18, 2003 | E. Scott Reckard, Times Staff Writer
The fast-growing Chinese American banks East West Bancorp Inc. in San Marino and UCBH Holdings Inc. in San Francisco reported sharply higher second-quarter earnings Thursday on strong growth in lending. But declining interest rates dragged down profit by 9% from a year earlier at Downey Financial Corp. in Newport Beach, Southern California's largest savings and loan. East West reported net income of $14.7 million, or 60 cents a share, up 20% from $12.
BUSINESS
August 29, 2002 | Bloomberg News
UCBH Holdings Inc. agreed to buy the rest of closely held Bank of Canton of California for $169 million in cash to expand its business with Chinese customers in San Francisco and Los Angeles. UCBH Holdings, parent of United Commercial Bank and California's largest bank serving customers of Chinese descent, said last month that it planned to buy 25% of Bank of Canton for 1.3 million shares, valued then at about $48 million.
BUSINESS
July 4, 2002 | Bloomberg News
UCBH Holdings Inc. said it will buy 25% of privately held Bank of Canton of California for $48 million in stock and is in talks to acquire the remaining 75% to expand its business with Chinese customers in Los Angeles and San Francisco. UCBH, parent of United Commercial Bank, said it can back out of buying the 25% if no deal is hammered out for the rest. Acquiring the entire bank would increase United Commercial Bank's assets by 42% to about $4.4 billion.
BUSINESS
February 22, 2006 | E. Scott Reckard
Great Eastern Bank, a Chinese American bank in New York, has agreed to be acquired by Los Angeles-based Cathay General Bancorp for about $101 million in cash and stock, the banks announced. Dunson K. Cheng, Cathay's chief executive, said the acquisition would more than double his bank's loans and deposits in New York and increase its branches there to nine from four. The deal ends a bidding war between Cathay Bank's parent and another major Chinese American bank, UCBH Holdings Inc.
Los Angeles Times Articles
|