A deposit run at United Bank appeared to be over.
Long lines at several Northern California branches of the San Francisco-based state savings bank did not recur as United’s predominantly Chinese-American depositors appeared to have accept federal assurances that their deposits were insured up to $100,000 per account. Nearly $20 million had been withdrawn during the five-day run, $6 million from the bank’s flagship branch in San Francisco’s Chinatown. United says it expects to post a net loss of $7.5 million in its second quarter.
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