Who Got Bailout Money So Far? Nov 12, 2008
UCBH Holdings Inc $298 million. Umpqua Holdings Corp $214 million. (Newsmax)
Analysts: Treasury Department's Bank Plan Favors Survival of the Biggest Oct 28, 2008
4 billion); First Horizon National Corp. ($866 million); City National Corp. ($395 million); Valley National Bancorp ($330 million); UCBH Holdings Inc. ($298 million); and First Niagara Financial Group Inc. ($186 million). Copyright 2008 Associated Press. (Law.com)
Regional banks to get Treasury's bailout funds Oct 28, 2008
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Analysts see Treasury plan weeding out weak banks Oct 28, 2008
4 billion), First Horizon National Corp. ($866 million), City National Corp. ($395 million), Valley National Bancorp ($330 million), UCBH Holdings Inc. ($298 million) and First Niagara Financial Group Inc. ($186 million). Sponsored Links. (San Diego Union-Tribune -- Business)
Postcrisis Bank Stocks Jun 10, 2008
UCBH Holdings (6, UCBH ) has a strong base among Chinese-Americans in California. An increase in reserves to cover bad residential construction loans has pushed its price down by two-thirds from its 52-week high. (Forbes -- Markets)
UCBH Holdings to raise $135M in preferred stock sale Jun 10, 2008
Members: Not Registered. for free extra services. (San Francisco Business Times, CA)
Financial firms ride things out Apr 21, 2008
Another local bank with a unique business is UCBH Holdings, parent of United Commercial Bank. This company caters to the Chinese community and operates in San Francisco, Los Angeles and other big cities with large Asian populations. (San Francisco Chronicle -- Business)
Metropolitan Bank may now be more open to a sale, industry sources say Feb 8, 2008
Offers from investment groups or private equity shops that want a bank charter would be more appealing than offers from other Asian-focused banks, such as UCBH Holdings, which already have a presence in the Bay Area and would only be buying deposits. If we were to do something like sell the bank, it would be worth more to someone that does not have a bank than someone that already does, Henry Kiang said. (FT.com -- Markets)
Wuxi of China to Acquire AppTec Laboratory in Minnesota for $151 Million Jan 4, 2008
China Minsheng Banking Corp., China's first non-state-owned bank, announced plans in October to buy as much as 20 percent of UCBH Holdings Inc., the biggest lender serving the Chinese community in the U.S.. Morgan Stanley, the second-biggest U.S. securities firm, last month agreed to sell up to 9. (Bloomberg -- Asia)
ICBC pays R37bn for Stan stake Oct 26, 2007
9 percent of UCBH Holdings Inc for up to $317-million in the first strategic investment by a Chinese lender in a US bank. ICBC itself is one of the most expansion-minded Chinese lenders, saying in August it would take an 80 percent stake in Macau's Seng Heng Bank for $583-million. (iAfrica.com)
Earnings surge 70 percent at China Minsheng Bank Oct 22, 2007
The lender agreed last week to buy as much as 20 percent of UCBH Holdings, the biggest bank serving the Chinese community in the United States, its first acquisition overseas. Both companies specialize in lending to small and midsize companies. (International Herald Tribune -- Business Asia)
Minsheng sees profit surge Oct 22, 2007
The lender agreed two weeks ago to buy as much as 20 percent of UCBH Holdings Inc, the biggest bank serving the Chinese community in the United States, marking its first acquisition overseas. Both firms specialize in lending to small and mid-sized companies. (Xinhuanet, China)
Citic Group seeks stake in Bear Stearns Oct 17, 2007
China Minsheng Banking, the first privately owned mainland Chinese bank, said this month that it might buy a stake in UCBH Holdings, the biggest lender serving the Chinese-American community. The announcement followed overseas takeovers by rivals Industrial & Commercial Bank of China and China Construction Bank in the past year. (International Herald Tribune -- Business Asia)
China's Citic targets Bear Stearns stake Oct 17, 2007
China Minsheng Banking Corp, the mainland's first privately owned bank, said earlier this month said it may buy a stake in UCBH Holdings Inc, the biggest bank serving the Chinese community in the United States. (Source: China Daily). (Xinhuanet, China)
China's CITIC bids for Bear Stearns stake: regulator Oct 16, 2007
9 per cent of San Francisco-based UCBH Holdings for more than $200-million in the first investment by a mainland Chinese commercial bank in a U.S. bank. New Feature: Recommend this article to other Globe readers. (Globe and Mail -- Business)
* World Business Quick Take Oct 9, 2007
9 percent stake in UCBH Holdings Inc, the NASDAQ-listed parent company of US-based United Commercial Bank ... San Francisco-based UCBH Holdings likewise has also been seeking to expand its business in China. (Taipei Times, Taiwan -- World)
China Minsheng Bank to acquire 9.9 pct stake in UCBH for up to US ... Oct 8, 2007
9 percent stake in UCBH Holdings Inc., the Nasdaq-listed parent company of U.S.-based United Commercial Bank ... San Francisco-based UCBH Holdings likewise has been seeking to expand its business in China ... Minsheng's notice said the purchase of the stake in San Francisco-based UCBH Holdings was approved by a vote of 17 to one, with one board member opposing the deal because of the U.S. bank's relatively heavy concentration on real estate loans. (International Herald Tribune)
China Minsheng To Buy Into U.S. Bank Oct 8, 2007
China Minsheng, the first private commercial bank in China, said Monday that it could take, at most, a 20% stake by June 2009 in UCBH Holdings (nasdaq: - - ), the holding company of San Francisco-based United Commercial Bank, which primarily serves small and medium-size businesses run by Chinese Americans. The purchase, starting with an initial 4. (Forbes -- Markets)
Minsheng could become leading shareholder of UCBH Oct 8, 2007
BEIJING, Oct. 8 (Xinhua) -- China Minsheng Banking Corp. said on Monday that it could become the biggest single shareholder of UCBH Holdings in 2009 by acquiring a 20-percent stake in the American bank ... The deal marks the first strategic investment in a banking institution in the United States by a Chinese mainland bank, said a statement from UCBH Holdings ... UCBH Holdings is the holding company of United Commercial Bank, a leading bank in the U.S. serving Chinese communities and American... (Xinhuanet, China)
California Small Business Uses Ex-Im Bank Working Capital Guarantee to Export Its Metals-Processing Equipment to China Aug 10, 2007
United Commercial Bank, a subsidiary of UCBH Holdings Inc., is one of the largest banks in the United States that has expertise in serving the Asian- American community and facilitating U.S. trade with China and the Pacific Rim. The bank, headquartered in San Francisco, specializes in providing commercial banking services to small and medium-sized businesses in a variety of industries. (PR Newswire)
ABN Amro, US bank eyeing China lender Apr 7, 2007
SHANGHAI: Dutch financial services firm ABN Amro and US community bank UCBH Holdings Inc are among potential rivals seeking to buy a minority stake in China's mid-sized Huishang Bank, regulatory and banking sources said. ABN Amro Holding NV had been in formal negotiations with Huishang Bank, based in the eastern Chinese province of Anhui, for at least six months, with the aim of becoming a strategic investor by buying about a 20% stake, the sources told Reuters yesterday. (The Star Online, Malaysia -- Business)
U.S. bank to buy Shanghai's BDB Mar 29, 2007
The U.S. bank has signed agreements to acquire 100 percent of the Shanghai-based BDB in the 205-million dollars cash transaction, its holding company UCBH Holdings Inc said in a statement ... "The proposed acquisition of Business Development Bank provides UCB with an immediate and well-organized infrastructure to accelerate the implementation of our China strategy," Thomas S. Wu, chairman, president and CEO of UCBH Holdings Inc, said in a statement. (Xinhuanet, China)
DAILY DIGEST Mar 28, 2007
San Francisco's UCBH Holdings Inc. has made an aggressive grab for a piece of the exploding U.S.-China market with Tuesday's news that it plans to be the first Chinese community bank to operate a full range of banking services in China. By buying Shanghai's Business Development Bank for $205 million, the company will be able to offer customers a one-stop shop for banking services in the United States or China. (San Francisco Chronicle -- Business)
San Francisco bank to buy China institution Mar 28, 2007
UCBH Holdings serves ethnic Chinese communities in California ... HONG KONG: UCBH Holdings, which serves ethnic Chinese communities in California, said Tuesday that it will buy China's Business Development Bank for $205 million to speed growth in China. (International Herald Tribune -- Business Asia)
UCBH to buy Chinese bank for US$205m Mar 28, 2007
HONG KONG: UCBH Holdings Inc, which serves ethnic Chinese communities in California, said it will buy Chinas Business Development Bank Ltd for US$205mil to speed up growth in China. San Francisco-based UCBH said in a statement that its United Commercial Bank unit signed an agreement to buy all of closely held Business Development Bank from owners including Thailands Charoen Pokphand Group Co.. (The Star Online, Malaysia -- Business)
