UCBH Holdings, Inc. Announces Grand Opening of Manhattan Chinatown Branch
biz.yahoo.com
Thursday May 12, 6:00 am ET
New Branch Expands United Commercial Bank's Services in New York
SAN FRANCISCO--(BUSINESS WIRE)--May 12, 2005--UCBH Holdings, Inc., the holding company of United Commercial Bank (UCB(TM)), today announced the grand opening of a new full-service branch which is located at 131 Bowery in Manhattan Chinatown, further strengthening and expanding UCB's presence in the New York markets under its established and proven business model serving the needs of the ethnic Chinese community. This is UCB's second branch office in Greater New York.
"The expansion of United Commercial Bank into New York continues to be a key business objective for the Company," said Mr. Thomas S. Wu, Chairman, President and Chief Executive Officer of UCBH Holdings, Inc. "The ethnic Chinese community in the New York region continues to expand rapidly, and we remain committed to establishing a strong presence in this important market. United Commercial Bank's experience in meeting the needs of the ethnic Chinese community will play an important role in better serving this niche market. While California continues to provide UCBH with many long-term growth prospects, New York offers significant opportunities for the further expansion of our franchise." |
