HomeCommunity NewsUnion Bank Named Banking and Financial Institution of the Year

Union Bank Named Banking and Financial Institution of the Year

Bank Awarded During GLAAACC 19th Annual Economic Awards Dinner

Union Bank, N.A., was recently honored by the Greater Los Angeles African American Chamber of Commerce (GLAAACC) with the Banking and Financial Institution of the Year award. The award was presented to Union Bank Foundation President Carl A. Ballton during GLAAACC's 19th Annual Economic Awards Dinner. The award recognizes the majority bank that has consistently demonstrated the highest level of commitment to serving the needs of minority businesses.

GLAAACC's 19th Annual Economic Awards Dinner was held at the JW Marriott at L.A. Live. It honored the accomplishments and services of businesses and individuals working for the greater good of African American businesses. U.S. Secretary of Labor Hilda L. Solis delivered the keynote address, which she focused on job creation and plans for increasing employment opportunities. Actor Dorien Wilson, best known as Professor Stanley Oglevee in the hit UPN sitcom "The Parkers" and for the character Eddie in the HBO series "Dream On," hosted the event.

"Union Bank is proud to receive such a prestigious award," said Ballton. "We are proud to serve the diverse business communities throughout our geographies, including in and around Los Angeles, and we'll remain committed to the needs of these business owners whose tireless work is the backbone of this country's economic recovery."

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $89.7 billion at December 31, 2011. 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. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. 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.


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