United Commercial Bank Goes Down
November 6, 2009
United Commercial Bank of San Francisco has bitten the dust. The FDIC took over UCB on Friday. United Commercial Bank got into a lot of trouble with its commercial real estate loan portfolio recently, taking hits on loans made on assets such as Vietnam Town, and Cupertino Square/Vallco Mall. It has significant assets however, including [...]
Read More >>Nervously Watching Delinquencies
May 13, 2009
An article in the LA Times today sheds light on the mounting troubles at regional banks. Over the past several years a lot of smaller regional banks got themselves heavily entrenched into financing commercial property and construction.
A number of banks have already gone under, but many more are just beginning to feel the pain. Take [...]
