Bank failure · CA
United Commercial Bank (San Francisco, CA) — failed November 6, 2009
United Commercial Bank of San Francisco, California was closed on November 6, 2009 and resolved through a purchase and assumption. East West Bank (CA) took over its insured deposits. At failure it held $10.9B in assets and $7.7B in deposits. The FDIC's estimated loss on the failure is $572.2M (5.3% of assets).
- Closing date
- November 6, 2009
- FDIC certificate #
- 32469
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- East West Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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