United Commercial Bank of San Francisco was the 120th bank closed this year by government regulators. The bank’s 63 U.S. branches were then taken over by East West Bank of Pasadena, Calif. Estimated cost to the FDIC: $1.4 billion.
United Commercial Bank of San Francisco was the 120th bank closed this year by government regulators. The bank’s 63 U.S. branches were then taken over by East West Bank of Pasadena, Calif. Estimated cost to the FDIC: $1.4 billion.
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