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FDIC seizes United Commercial Bank

Federal regulators closed San Francisco's troubled United Commercial Bank - one of the nation's largest banks serving the Chinese-American community - and sold the bank and its $6.5 billion in deposits to East West Bancorp. (EWBC)
Biz Journal Sat, 07 Nov 2009 06:17:31 GMT

Prosperan Bank fails; Alerus Financial buys deposits, branches

In the swiftest demise yet of a local bank, Oakdale-based Prosperan Bank was shuttered Friday by state regulators.
Biz Journal Sat, 07 Nov 2009 01:40:09 GMT

Hawaii unemployed get extended benefits

Hawaii's unemployed can get an extra 14 weeks of jobless benefits, the Hawaii Department of Labor and Industrial Relations announced Friday.
Biz Journal Sat, 07 Nov 2009 00:47:17 GMT

Sacramento parking rates among nation's highest

Sacramento finished in the top third for daily parking rates among 96 cities surveyed in the United States and Canada for the National Parking Association's second annual "Parking In America" report.
Biz Journal Fri, 06 Nov 2009 22:54:53 GMT

Kaiser's income rises, membership falls

Despite continued decline in enrollment, Kaiser Permanente generated net income of $1.6 billion for the first nine months of the year, almost eight times the $202 million in net income reported for the same period last year.
Biz Journal Fri, 06 Nov 2009 22:46:04 GMT

Covidien completes Aspect tender offer

Covidien said Friday that it completed its tender offer to purchase the outstanding stock of Aspect Medical Systems Inc. (COV)
Biz Journal Fri, 06 Nov 2009 22:37:24 GMT

Contractor chosen for Banks portion

An Alabama contractor has been hired to build the private portion of the Banks riverfront development project. Brasfield & Gorrie LLC is expected to start building a 300-unit apartment building and 80,000 square feet of retail space in December. The Bi...
Biz Journal Fri, 06 Nov 2009 22:44:49 GMT

United Security Bank of Sparta fails

Regulators seized tiny United Security Bank of Sparta, Ga., Friday, making it the state's 21st failure of the year, as Georgia's banking crisis shows no sign of abating.
Biz Journal Fri, 06 Nov 2009 22:17:35 GMT

Fidelity posts loss for fiscal 2009

Fidelity Bancorp Inc., Pittsburgh, Friday reported a net loss of $1.99 million, or 66 cents per diluted share, for its fiscal year ended Sept. 30.
Biz Journal Fri, 06 Nov 2009 22:15:14 GMT

Real deals: Warehouse sells for $5M

Fisher Scientific Co. LLC has purchased the warehouse it already occupies in the Montbello industrial park for $5.05 million. (TMO)
Biz Journal Fri, 06 Nov 2009 21:49:34 GMT

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