UCBH Holdings, Inc. Strengthens Domestic Banking Leadership

Mon Jul 6, 2009 4:35pm EDT
 
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SAN FRANCISCO--(Business Wire)--
UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank
(UCB), today announced that the Company continues to take steps to further
strengthen its Community and Commercial Banking businesses in the U.S. with an
organizational structure and leadership team focused on expanding customer
relationships and cross selling, managing risk, controlling expenses, and
improving profitability. Effective July 1, 2009, Doreen Ho has assumed
leadership of Commercial Banking, in addition to her responsibilities for
Community Banking. 

"Ms. Ho is a seasoned banking veteran, who has made significant contributions to
UCBH since joining the Company in January. She has a long track record of
achieving bottom-line results and driving value for clients with over 35 years
in banking, including a decade of senior-level experience at Wells Fargo, and
commercial lending experience with Citibank. We have complete confidence in her
ability to lead both segments of our domestic banking business and leverage on
our unique Greater China platform," said Chairman, President, and Chief
Executive Officer Thomas S. Wu. 

In addition, the Company announced that John Kerr, Executive Vice President and
Chief Lending Officer, has resigned from the Company, effective June 30, 2009. 

About UCBH Holdings, Inc.

UCBH Holdings, Inc. is the holding company for United Commercial Bank, a
state-chartered commercial bank, which is a leading bank in the United States
serving the Chinese communities and American companies doing business in Greater
China. Together, the Bank and its subsidiaries, including United Commercial Bank
(China) Limited, operate 51 California branches/offices located in the San
Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, nine
branches in New York, five branches in metropolitan Atlanta, three branches in
New England, two branches in the Pacific Northwest, a branch in Houston,
branches in Hong Kong, Shanghai and Shantou, China, and representative offices
in Beijing, Guangzhou and Shenzhen, China, and Taipei, Taiwan. UCB, with
headquarters in San Francisco, provides commercial banking services to small-
and medium-sized businesses and professionals in a variety of industries, as
well as consumer and private client services to individuals. The Bank offers a
full range of lending activities, including commercial real estate and
construction loans, commercial credit facilities, international trade finance,
asset-based financing, cash management, loans guaranteed by the U.S. Small
Business Administration, commercial, multifamily and residential mortgages, home
equity lines of credit, and online banking services for businesses and
consumers. For additional information, visit the web site for United Commercial
Bank at www.ibankUNITED.com or the web site for UCBH Holdings, Inc. at
www.ucbh.com. 

Forward-Looking Statements

Certain statements contained in this release may include forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995.Such forward-looking statements are based upon specific assumptions that
may or may not prove correct.Forward-looking statements are also subject to
known and unknown risks, uncertainties and other factors relating to the
Company`s and the Bank`s operations and business environment, all of which are
difficult to predict, and many of which are beyond the control of the Company
and the Bank.The factors include, among others: the current dislocations in
global credit and capital markets; economic and business conditions in the areas
and markets in which the Company and the Bank operate, particularly those
affecting loans secured by real estate; deterioration or improvement in the
ability of the Bank`s borrowers to pay their debts to the Bank; market
fluctuations such as those affecting interest and foreign exchange rates and the
value of securities in which the Bank invests; competition from other financial
institutions, whether banks, investment banks, insurance companies or others;
the ability of the Bank to assimilate acquisitions, enter new markets and lines
of business, and open new branches, successfully; changes in business
strategies; changes in tax law and governmental regulation of financial
institutions; demographic changes; and other risks and uncertainties, including
those discussed in the documents the Company files with the Securities and
Exchange Commission ("SEC").The foregoing may cause the actual results and
performance of the Company and the Bank to be materially different from the
results and performance indicated or suggested by the forward-looking
statements.Further description of the risks and uncertainties are included in
detail in the Company`s current, quarterly and annual reports, as filed with the
SEC.



UCBH Holdings, Inc.
Douglas Mitchell, 415-315-2800
Senior Vice President, Director of Investor Relations and Capital Management
Craig S. On, 415-315-2800
Executive Vice President and Chief Financial Officer
or
EVC Group
Investor Relations:
Douglas M. Sherk or Jenifer Kirtland, 415-896-6820
Media Relations:
Steve DiMattia, 646-201-5445 

Copyright Business Wire 2009

 

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