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Union Bank, formerly known as Union Bank of California and a subsidiary of UnionBanCal, is one of the largest banks in the United States. As of this writing, Union Bank has around $97 billion in assets, making it America's 26th largest bank. Union Bank, headquartered in San Francisco, CA, is a full-service commercial bank, providing a broad mix of financial services to businesses and individuals. This includes home mortgages, checking & savings accounts, certificates of deposit (CDs), and auto loans.
Union Bank's history traces all the way back to 1864, when The Bank of California was founded in San Francisco. The Union Bank of California was formed in 1996, when Union Bank merged with Bank of California. In 1999, the bank began trading on the NYSE under the symbol UB. In 2008, Mitsubishi UFJ purchased Union Bank.
Today, Union Bank operates 398 banking branches in California, Washington, and Oregon, with commercial branches in other states such as Texas and New York. Union Bank has continued to grow and plans to expand into Texas. In 2012, the company acquired Santa Barbara Bank & Trust in California.
Though Union Bank does not have a national footprint, it has an enormous presence on the West Coast, and consumers who are banking in California, Washington, and Oregon will find the bank incredibly convenient. Union offers a full suite of products, from checking & savings to loans & lines of credit to online banking. The bank is a large mortgage lender, offering fixed-rate, adjustable rate, and VA home loans.
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