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Company Profile

Union Bank ( UBOC ) is among the 25 largest banks in the United States, based on assets. The bank has 330 branch offices in California, Washington, and Oregon; two international offices; and facilities in six other states.

  • Union Bank (UBOC ) 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 ( UBOC ) 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 more than 10,000 employees
  • Union Bank (UBOC )was the first major California bank to open a 7-days-a-week supermarket branch in 1990

The bank’s holding company is UnionBanCal Corporation, which is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd. BTMU is part of the Mitsubishi UFJ Financial Group, Inc., one of the world’s leading financial companies with assets of more than $1.8 trillion at March 31, 2008.

  • Customers have access to the bank’s 608 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 ( UBOC ) also belongs to the Star and Maestro® point-of-sale networks
History & Timeline
The story of Union Bank ( UBOC ) goes back more than 140 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 November 2008, BTMU successfully acquired all of the outstanding shares of UnionBanCal in a cash tender offer, resulting in UNBC becoming a wholly owned subsidiary of BTMU. Tokyo-based BTMU is part of the Mitsubishi UFJ Financial Group, Inc., one of the world’s leading financial company with assets of more than $1.8 trillion at March 31, 2008.More than 130 years ago, our founders had a vision of offering comprehensive financial solutions to individuals and businesses. Today, Union Bank of California ( UOBC ) honors that history with a commitment to superior service for our customers, employees, shareholders, and the communities we serve.

This article uses content from www.uboc.com  https://www.uboc.com/company_information/company_information/company_profile

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