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

SF’s newest subway may emerge on the West Side

San Francisco’s sleepy West Side — from the Richmond District to Parkmerced… Continue reading

Treasure Island residents could win new displacement protections

Supervisor working to give all current residents a chance to move into new development

Bay Bridge fire blocks Friday night traffic

UPDATE 11:35 p.m.: The fire is out, Caltrans is reporting. Three of… Continue reading

SF lawmaker proposes car-free Tenderloin streets

Proposal comes after a spate of traffic deaths in the neighborhood.

SF to open seventh job center in ‘overlooked’ neighborhoods

Oceanview, Merced Heights, Ingleside area has unemployment rates much higher than the city average

Most Read