UCBH Holdings, Inc. Announces Receipt of All Necessary Regulatory Approvals for the Acquisition of Shanghai-Based Business Development Bank Ltd.

UCBH Holdings, Inc. (NASDAQ: UCBH), the holding company of United Commercial Bank (UCB™), today announced that all regulatory approvals have been received for its acquisition of Shanghai, China-based Business Development Bank Ltd. ("BDB”). UCBH anticipates the transaction to close in December 2007. "We are very pleased to announce the receipt of all regulatory approvals for our acquisition of Business Development Bank,” said Thomas S. Wu, Chairman, President and Chief Executive Officer of UCBH Holdings, Inc. "This acquisition provides UCBH the opportunity to achieve immediate and significant growth of our commercial and trade finance business in Greater China as well as in the U.S.” As announced on March 27, 2007, UCB entered into definitive agreements to acquire 100% of the equity interest of privately-held BDB in a $205 million cash transaction. This acquisition will provide the Company with branches in Shanghai and Shantou, China and representative offices in Beijing and Guangzhou, China. BDB had total assets of $217.2 million, total loans of $188.0 million and total deposits of $25.5 million as of December 31, 2006. BDB maintains an extremely well diversified portfolio with customer geographic coverage mainly in the coastal areas of China. In addition, BDB maintains outstanding credit quality. About UCBH Holdings, Inc. UCBH Holdings, Inc. is the holding company for United Commercial Bank, a state-chartered commercial bank, which is a leading bank in the United States serving the Chinese communities and American companies doing business in Greater China. With $11.08 billion in assets as of September 30, 2007, the Bank has 51 California branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, eight branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, a branch in Hong Kong, and representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan. UCB, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private banking services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, cash management, private client services, loans guaranteed by the U.S. Small Business Administration, residential mortgages, home equity lines of credit, and online banking services for businesses and consumers. For additional information, visit the web site for United Commercial Bank at www.ibankUNITED.com or the web site for UCBH Holdings, Inc. at www.ucbh.com. Forward-Looking Statements Certain statements contained in this release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon specific assumptions that may or may not prove correct. Forward-looking statements are also subject to known and unknown risks, uncertainties and other factors relating to the Company’s and the Bank’s operations and business environment, all of which are difficult to predict, and many of which are beyond the control of the Company and the Bank. The factors include, among others: economic and business conditions in the areas and markets in which the Company and the Bank operate, particularly those affecting loans secured by real estate; deterioration or improvement in the ability of the Bank’s borrowers to pay their debts to the Bank; market fluctuations such as those affecting interest and foreign exchange rates and the value of securities in which the Bank invests; competition from other financial institutions, whether banks, investment banks, insurance companies or others; the ability of the Bank to assimilate acquisitions, enter new markets and lines of business, and open new branches, successfully; changes in business strategies; changes in tax law and governmental regulation of financial institutions; demographic changes; and other risks and uncertainties, including those discussed in the documents the Company files with the Securities and Exchange Commission ("SEC”). The foregoing may cause the actual results and performance of the Company and the Bank to be materially different from the results and performance indicated or suggested by the forward-looking statements. Further description of the risks and uncertainties are included in detail in the Company’s current, quarterly and annual reports, as filed with the SEC.