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.

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

SF Pride membership votes to ban Google from parade. Will the board listen?

San Francisco Pride’s membership voted Wednesday night to kick Google out of… Continue reading

SF Zoo Koala naming contest to raise money for Australian wildlife

A naming contest for a koala at the San Francisco Zoo aims… Continue reading

Police Commission urges SF to address homelessness with health workers instead of cops

Resolution calls on Mayor London Breed, Board of Supervisors to pursue a new approach

California, 13 other states sue to stop Trump’s food stamp cuts

By Jackie Botts, CalMatters Fourteen states, including California, filed suit Thursday against… Continue reading

49ers Emmanuel Sanders will suit up Sunday for his third championship game

As a rookie out of SMU, the 5-foot-11 receiver wasn’t afraid of the biggest moment at that point of his young NFL career.

Most Read