 | |
| Company type | Public |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1974 San Francisco, California |
| Defunct | November 6, 2009 |
| Fate | The California Department of Financial Institutions declared this bank insolvent and put it into FDIC receivership. |
| Successor | East West Bank |
| Headquarters | San Francisco, California, U.S. |
| Products | Banking |
| Revenue | $583.3 million USD ( $100.9M FY 2006) |
Number of employees | 1,318 |
| Website | http://www.ibankunited.com/home.html |
United Commercial Bank (Chinese: 聯合銀行) was an overseas Chinese bank in the United States, based in San Francisco, California. It was a subsidiary of UCBH Holdings. Founded in 1974 as United Federal Savings and Loan Association, it changed its name to United Savings Bank, and finally United Commercial Bank in 1998. It had operations and branches located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, New York, Boston, Greater Seattle Area, Hong Kong, Atlanta, Houston, Shanghai and two representative branches in Taipei, Taiwan and Shenzhen, China. United Commercial Bank was closed by regulators on November 6, 2009; it was the 120th U.S. bank to fail in 2009, and it had $11.2 billion in assets at the time of the bank failure.[1] East West Bank of Pasadena, California, acquired all the deposits of UCBH.
- ^ Abbott, Charles (November 7, 2009). "Big California bank fails, has China branches". Reuters.