| |
| | Cathay General Bancorp to Acquire United Heritage Bank |
 | | As of September 30, 2006, UHB had total assets of approximately $60.4 million, total loans of approximately $40.0 million, total deposits of approximately $55.2 million, and total shareholders equity of approximately $5.0 million. |
 | | Upon the completion of the merger, UHB stockholders will be entitled to receive $9.40 in cash per share of UHB common stock, without interest, and before adjustments, if any. |
 | | The transaction is expected to close during the first quarter of 2007 after the receipt of applicable regulatory approvals and the satisfaction of other customary conditions. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/11-21-2006/0004479001&EDATE= (1144 words) |
|