On Friday, November 6, 2009, United Commercial Bank, San Francisco, CA was closed by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
This investment resulted in a loss to taxpayers.
On May 31, 2017, Treasury received a court ordered $100.00 restitution check from a former executive of United Commercial Bank.
Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Purchase - Preferred Stock w/ Warrants