Business Insider Magazine - Los Angeles South Bay » East West Bank http://www.businessinsider.us/BusinessInsider Business Insider Magazine is Your Business Publication for the Los Angeles South Bay Wed, 14 Dec 2011 05:58:19 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 East West Bank Acquires Failed Bank’s Assets http://www.businessinsider.us/BusinessInsider/2009/11/east-west-bank-acquires-failed-banks-assets/ http://www.businessinsider.us/BusinessInsider/2009/11/east-west-bank-acquires-failed-banks-assets/#comments Fri, 13 Nov 2009 21:38:22 +0000 Editor and Publisher http://www.businessinsider.us/BusinessInsider/?p=646 Editor’s Note: East West Bank has several South Bay branches and United Commercial Bank has a Torrance branch serving the South Bay south communities. This acquisition will significantely enhance East West’s position in the local market.

East-West-Bank[1]By RICHARD CLOUGH

(Los Angeles Business Journal) East West Bank nearly doubled in size late Friday after acquiring San Francisco’s United Commercial Bank, which was closed by regulators earlier in the evening.

East West Bancorp Inc., a Pasadena holding company for a bank catering to the Chinese-American community, purchased $10.2 billion in United Commercial’s assets, including 63 ... Continue Reading

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