Printer friendly
Acronymfinder

What does UCNB stand for?

UCNB stands for United Credit National Bank (Sioux Falls, SD)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of UCNB

Samples in periodicals archive:

Fitch's rating action is based mainly on UICI's improved risk profile and the reduced likelihood of liquidity needs from insurance company operations following the successful execution by United Credit National Bank (UCNB), a former UICI subsidiary, of its capital plan approved by the Office of the Comptroller of the Currency (OCC) in June 2000.
In connection with the sale, UICI or certain of its subsidiaries have retained substantially all liabilities associated with its credit card business, including liability for payment of all certificates of deposit issued by United Credit National Bank (an indirect wholly-owned subsidiary of UICI), merchant holdback liabilities, liabilities associated with pending litigation and other contingencies.
2 /PRNewswire/ -- UICI (NYSE: UCI) (the "Company") today announced that it had completed several recently-announced transactions, including the funding of all cash and collateral requirements of the United Credit National Bank Capital Plan, the sale of its National Motor Club unit and a restructuring of $70.
UICI Announces Series of Transactions to Fund Capital Plan UICI Announces Agreement in Principle to Refinance Outstanding Debt DALLAS, June 29 /PRNewswire/ -- UICI (NYSE: UCI) (the "Company") today announced that the Office of the United States Comptroller of the Currency has approved a definitive Capital Plan submitted by United Credit National Bank (a special purpose national bank headquartered in Sioux Falls, South Dakota, and an indirect, wholly-owned, subsidiary of UICI) ("UCNB").
The Company's and its United CreditServ unit's future results also could be adversely affected by the inability to fully reserve for anticipated future credit card charge-offs and losses; the inability of the Company to generate cash from operations, from sales of assets and/or from the proceeds of debt and/or equity financings in an amount sufficient to fund in a timely manner future capital requirements at United Credit National Bank and operating losses at Specialized Card Services, Inc.
The Company's and its United CreditServ unit's future results also could be adversely affected by the inability to fully reserve for anticipated future credit card charge-offs and losses; the inability of the Company to generate cash from operations, from sales of assets and/or from the proceeds of debt and/or equity financings in an amount sufficient to fund in a timely manner future capital requirements at United Credit National Bank and operating losses at Specialized Card Services, Inc.