Infusions May Spur M&A in A Calif. Niche
Tags: BANKING industry; ASIAN American banking industry; CONSOLIDATION & merger of corporations; BUYOUTS; BAILOUTS (Finance); UCBH Holdings Inc.; WU, Thomas S.
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- CEO Wu Drives UCBH's Growth on Two Continents. Kuehner-Hebert, Katie // American Banker;11/30/2007, Vol. 172 Issue 230, special section p18
The article discusses the business performance of Thomas S. Wu, chief executive officer of UCBH Holdings Inc. Wu led the first management buyout of a U.S. bank in 1998 and built the company's success on international trade finance and mortgage products for immigrants, particularly Chinese...
- UCBH's N.Y. Deal Expected To Aid a China Expansion. McGeer, Bonnie // American Banker;1/12/2007, Vol. 172 Issue 9, p4
The article reports that UCBH Holdings Inc. of San Francisco will purchase the $322 million-asset CAB Holding LLC and its subsidiary, Chinese American Bank, for $130.7 million in cash and stock. CAB has three branches in New York, where UCBH has five branches. UCBH, which targets...
- White-Knight Deal Would Boost UCBH in New York. Kuehner-Hebert, Katie // American Banker;10/17/2005, Vol. 170 Issue 199, p1
Reports that UCBH Holdings Inc. of San Francisco has been expending in New York by opening a few branches at a time, but it abruptly changed course last week with a $103.6 million deal to buy Great Eastern Bank. Emergence of UCBH as a white knight, saving Great Eastern from another West Coast...
- Ga. Deal May Help UCBH Buy in China. Kuehner-Hebert, Katie // American Banker;9/20/2006, Vol. 171 Issue 181, p1
The article reports on the deal by San Francisco's UCBH Holdings Inc. for the Atlanta, Georgia, Summit Corp. UCBH Holdings Inc. primarily caters to Asian-American communities and plans to expand in China. Several new branches in Atlanta, Houston and California which are owned by Summit will be...
- Asian-American Bankers in Calif. Eye Other Markets. Kuehner-Hebert, Katie // American Banker;8/5/2005, Vol. 170 Issue 150, p4
Focuses on Asian-American banking companies in California. Observation that competition is fierce among Asian-American banking companies, which is driving them to step up expansion efforts in other markets with sizable Asian-American communities; Announcement by UCBH Holdings Inc. in San...
- More Loan Trouble at UCBH, Earnings Plunge. McGeer, Bonnie // American Banker;4/28/2008, Vol. 173 Issue 81, p6
This article discusses the drop in earnings at the bank UCBH Holdings Inc. during the first quarter of 2008. Thomas S. Wu, the chief executive of UCBH, sought to reassure investors that losses incurred represented the extent of damage at the company, and related mostly to the distressed...
- UCBH Chief Out in Probe of Cover-Up. Fajt, Marissa // American Banker;9/9/2009, Vol. 174 Issue 169, p1
The author reports on fraud allegations that are being faced by executives at UCBH Holdings Inc. Topics discussed in the article include the resignations of Thomas S. Wu, the company's president, and Ebrahim Shabudin, the company's chief credit officer, a cease-and-desist order the company...
- Deal to Buy First Continental Furthers UCBH's L.A. Plans . Kuehner-Hebert, Katie // American Banker;4/9/2003, Vol. 168 Issue 68, p7
Focuses on a deal signed by UCBH Holdings Inc. for purchase of First Continental Bank. Objectives of UCBH Holdings Inc. behind the acquisition; Benefits to be gained by UCBH Holdings Inc. from the acquisition; Views of UCBH Holdings Inc.'s president and chief executive officer Thomas S. Wu on...
- OKs for UCBH-Great Eastern. Reosti, John // American Banker;12/27/2005, Vol. 170 Issue 246, p5
Mentions the status of the UCBH Holdings Inc. deal to purchase Great Eastern Bank in New York. Approval was granted by the Federal Deposit Corp. and the California Department of Financial Institutions, but Great Eastern shareholders still need to approve the merger. Information is provided...
