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.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
For now, artificial snow will do the trick
Next story
Cyber Monday shopping up from last year

Just Posted

Sergeant cleared in shooting of man on meth ‘rampage’

A San Francisco police sergeant has been cleared of criminal wrongdoing for… Continue reading

Protected bike lane, safety measures proposed for dangerous stretch of Folsom Street

Folsom Street between Second and Fifth streets has been the site of… Continue reading

Giants to host first leg of Bay Bridge Series

Among the changes made to the Major League Baseball schedule this year… Continue reading

Heat wave expected to hit the Bay Area this weekend

Much of the Bay Area and Monterey Bay region will face excessive… Continue reading

California’s eviction ban is ending. Gov. Newsom and lawmakers have 3 weeks to extend it

California Gov. Gavin Newsom and state lawmakers face an 18-day deadline to… Continue reading

Most Read