| Union Bank of California | |
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| URL: | https://www.uboc.com/uboc/home/home.html |
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Union Bank of California is one of the 25 largest commercial banks in the United States. The bank has 317 branch offices throughout California, three in Washington, and one in Oregon. Other domestic offices are located in New York, Dallas and Washington, D.C. Union Bank is a full-service commercial bank, providing a broad mix of financial services to businesses and individuals Among the bank’s markets are consumer, small business, middle market, real estate, corporate, correspondent, and trade finance The bank also offers investment and financial management, trust services, private banking, insurance services and global custody services HighMark® Capital Management is the bank’s investment management subsidiary The bank’s commercial clients include communications, media, entertainment, energy, public utilities, retailing, and other specialty industries Headquartered in San Francisco, the bank has slightly more than 10,000 employees Union Bank was the first major California bank to open a seven-days-a-week supermarket branch in 1990 The bank’s holding company is UnionBanCalCorporation, which is approximately 62 percent owned by The Bank of Tokyo-Mitsubishi UFJ, Ltd. Its stock is listed on the New York Stock Exchange under the trading symbols NYSE:UB (common stock). Customers have access to the bank’s 568 ATMs throughout the U.S. and to more than 300,000 ATMs worldwide through the Star(SM) and Cirrus® systems Cirrus, Plus, MasterCard®, Visa, Discover®, and American Express® cardholders can access the bank’s ATMs Union Bank also belongs to the Star and Maestro® point-of-sale networks The story of Union Bank of California (Union Bank) goes back more than 150 years, to July 5, 1864. That date marks the founding of The Bank of California, the first incorporated commercial bank in the West. Our Beginnings In 1880, Yokohama Specie Bank was created in Japan. In the early 1900s, Kaspare Cohn, a German immigrant with a fabric and clothing business established Kaspare Cohn Commercial & Savings Bank in Los Angeles. In 1918, Kaspare Cohn Commercial & Savings Bank was renamed Union Bank & Trust Company of Los Angeles. In 1947, Yokohama Specie Bank became The Bank Of Tokyo, Ltd., and in 1953 it established a San Francisco subsidiary called The Bank of Tokyo California (BOTC). Union Bank Is Born Union Bank & Trust Company of Los Angeles shortened its name to Union Bank in 1958. Union Bancorp, a one-bank holding company, was established in 1967 and acquired by Standard Chartered PLC of London in 1979. BOTC acquired Southern California First National Bank of San Diego and renamed it California First in 1975. Although majority-owned by BOTC, it started trading on the Nasdaq exchange. In 1984, The Bank of California became a wholly owned subsidiary of The Mitsubishi Bank, Ltd., which had been founded by former samurai Yataro Iwasaki in 1880. Union Bancorp was acquired by California First Bank in 1988, retaining the Union Bank name. Union Bank of California Today In April 1996, The Mitsubishi Bank, Ltd. and The Bank of Tokyo, Ltd. merged in Japan. In San Francisco, The Bank of California and Union Bank consolidated into UnionBanCal Corporation, a bank holding company, and its primary subsidiary Union Bank of California, N.A. In 1999, UnionBanCal Corporation became a publicly owned company listed on the New York Stock Exchange (NYSE:UB), although it is majority-owned by The Bank of Tokyo-Mitsubishi UFJ, Ltd. Today, Union Bank is a leader in business lending and ranks among the 25 largest banks in the U.S.. |
| Title: | Union Bank of California |
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| Link Added: | 12-26-2006 |
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