Founded in 1987 and headquartered in Garland, Texas, United Central Bank (UCB) was a commercial bank that primarily served Asian-American communities across the United States. The bank grew significantly, with branches in Texas, California, New York, Massachusetts, Georgia, Illinois, and Washington. UCB offered a range of standard banking products, including personal and business checking/savings accounts, loans, and mortgages. Due to substantial losses in its loan portfolio during the 2008 financial crisis, the bank was declared insolvent. On November 6, 2009, it was closed by the Texas Department of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. Its assets and deposits were subsequently sold to East West Bank.

Founded in

United States