Union Bank, N.A., through the Union Bank Foundation, recently awarded $5,000 to support education and the academic achievements of the 2010 Greater Los Angeles African American Chamber of Commerce (GLAAAC) Scholarship recipients. GLAAACC recently held its 11th Annual Scholarship Luncheon at the Wilshire Grand Los Angeles Hotel. For the past ten years, the GLAAACC Education Fund and Foundation has awarded over $150,000 to graduating high school seniors in underserved communities. This year's awardees included students from George Washington Preparatory High School, Crenshaw High School, Susan Miller Dorsey High School and California Academy of Mathematics and Science. The scholarship selection process includes the assessment of academic potential to succeed in college and demonstrated community service and campus leadership.
"We're proud of the achievements of these students," said Union Bank Senior Vice President Carl A. Ballton, president and chief operating officer of the Union Bank Foundation. "Union Bank is committed to supporting the communities that it serves, and we are honored to take part in the continued education of our future leaders."
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $85 billion at March 31, 2010. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. As of May 10, 2010, the bank had 397 banking offices in California, Oregon, Washington and Texas and two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information.