UCBH Holdings wins approval for bank acquisition

San Francisco-based UCBH Holdings Inc. (UCBH), the holding company of United Commercial Bank (UCB), has received all regulatory approvals needed for its acquisition of Shanghai-based Business Development Bank Ltd.

The $205 million cash acquisition of the privately held Chinese bank, announced in March, is expected to be completed in December this year.

Just Posted

After high-profile dismissals, Breed appoints new SFMTA director

Jeffrey Tumlin to lead Muni after sexual harassment scandal, operator shortage

City College to offer classes in the Sunset District

City College of San Francisco is expanding into the Sunset District starting… Continue reading

DA elect joins Breed to denounce attacks against Chinatown seniors

Days after three seniors were brutally attacked on video at a popular… Continue reading

SF takes ‘next step’ to become first in California to launch public bank

City officials plan to cut ties with Wall Street banks

Mayor, supervisors reach consensus on plan to fix SF’s mental health system

Both parties agree to drop ballot measures and pursue reform with legislation.

Most Read