FDIC

PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp (Nasdaq: EWBC) today announced the acquisition of the operations of United Commercial Bank in an FDIC assisted transaction. East West will host a call to discuss the transaction on Monday, November 9, 2009 at 11:00 A.M. PT/ 2:00 P.M. ET. The public and investment community are invited to listen as management discusses the details of the transaction. Those wishing to hear the conference call may log on to http://www.streetevents.com. The following dial-in information is provided for participation in the conference call: Local call (within the US and ...

-- All United Commercial Bank Deposits Protected in Transaction -- East West Completes $500 Million Capital Raise PASADENA, Calif.--(BUSINESS WIRE)-- East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank (UCB) in a Federal Deposit Insurance Corporation (FDIC) assisted transaction. Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion in liabilities, including $6.5 billion in deposits of UCB. The FDIC and ...

SAN FRANCISCO--(BUSINESS WIRE)-- The California Department of Financial Institutions (DFI) announced today that regulators have closed United Commercial Bank citing inadequate capital and other material weaknesses. As of October 29, 2009, United Commercial Bank, San Francisco, had total assets of approximately $10.9 billion and total deposits of approximately $7.5 billion. The DFI has been closely monitoring the bank ...

JASPER, Ala.--(BUSINESS WIRE)-- Robert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. (OTCBB: PCLB), today announced Pinnacle's third quarter results of operations. Mr. Nolen stated: "We are pleased with the results for the third quarter which showed an increase in net income of 35%. For the three months ended September 30, 2009, net income was $453,000, compared with net income of $335,000 for the three months ended September 30, 2009. Net interest income before the provision for loan losses increased 9% or $159,000 which was the principal reason for ...

With the Horejsi Group, Modifications of its Bylaws relating to the Maryland Control Share Acquisition Act, Termination of its Rights Agreement (dated August 18, 2009) and New Annual Meeting and Record Dates for its 2009 Annual Meeting of Stockholders NEW YORK--(BUSINESS WIRE)-- The Board of Directors of DWS RREEF Real Estate Fund, Inc. (AMEX: SRQ) (the "Fund") announced that the Fund and its investment adviser, Deutsche Investment Management Americas Inc., have entered into a Cooperation and Voting Agreement (the "Agreement") with the Susan L. Ciciora Trust (the "Trust") and Mr. Stewart R. Horejsi ...