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]](http://www.businessinsider.us/BusinessInsider/wp-content/uploads/2009/11/East-West-Bank1.png "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
Editor’s Note: This Los Angeles-based bank has well-established branches in the South Bay region. Be aware the FDIC will do everything in it’s power to transition struggling financial institutions before taking the radical step of seizing its assets forcing a bailout. This is a grave situation indeed.
![23821[1]](http://www.businessinsider.us/BusinessInsider/wp-content/uploads/2009/11/238211.gif "23821[1]")
By Richard Clough
(The Los Angeles Business Journal) California National Bank, which had struggled with insufficient capital levels for more than a year, was closed late Friday by regulators, marking the fourth bank failure in Los Angeles County this year.
With assets of $7.8 billion, Cal … Continue Reading
By Brian Simon
This article appeared in Business Insider Magazine’s second issue of 2009
While entire nations must grapple with the harsh implications of “global warming” and how to address it, it will ultimately take cooperation on an individual grass roots community level to spread the message espoused by leading scientists to make a meaningful impact across the country. With that in mind, a number of South Bay-based businesses, agencies and cities have already made their mark on the green front. Here is an overview of a few notable contributors to the … Continue Reading
