UNITED COMMERCIAL BANK Failed 2009
What happened
UNITED COMMERCIAL BANK of SAN FRANCISCO, CA was closed on 2009-11-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EAST WEST BANK (PASADENA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3712
- FDIC Certificate
- 32469
- FDIC FIN
- 10147
- Bank name
- UNITED COMMERCIAL BANK
- Location
- SAN FRANCISCO, CA
- Failure date
- 2009-11-06
- FDIC resolution date
- 2009-11-06
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $573M
- Deposits at failure
- $7,654M
- Assets at failure
- $10,895M
- Acquiring bank
- EAST WEST BANK (PASADENA, CA)
Other banks EAST WEST BANK acquired in FDIC resolutions