Union Bank of California

Union Bank of California ranks as the third largest commercial bank in California as per the latest financial reports, having around 317 branches in the state. With its headquarters in San Francisco, California, this subsidiary of the UnionBanCal Corporation provides banking products and services.

Some facts about the Union Bank of California

The Union Bank of California formed through the merger of Bank of California and the Union Bank, provides extensive financial solutions to individuals and business concerns alike. The organization currently employing near about 11,000 people, offers personal, institutional and corporate, wealth management related products and services to its consumers.

Those who are interested may browse the official website of the bank for detailed information about the Union Bank of California for the following :

• to find crucial information regarding the financial decisions taken by private as well as institutional customers in the Investor Relations section
• in order to read the latest Union Bank press releases the customer has to see the News section
• to set up appointment dates with the Executive Management of Union Bank of California
• one may be made aware of the Union Bank of California Foundation and its participation in the development of the community
• to be acknowledged with the different markets served by the Union Bank of California and the addresses of all the branches
• the Career Opportunities section offers latest news about the available job openings in the Union Bank of California

The corporate history of Union Bank of California

The Bank of California which was established in July, 1864 merged with the Union Bank in April, 1996 to constitute the Union Bank of California.

During the same year, that is, 1996, Mitsubishi Bank and the Bank of Tokyo merged to form the Bank of Tokyo-Mitsubishi UFJ.

Simultaneously the subordinate financial institutions of both these two banking organizations in California was united under UnionBanCal Corporation. Therefore, UnionBanCal Corporation is the harboring establishment of the Union Bank of California.

Earlier in 1984, the Bank of California had been overtaken by the Mitsubishi Bank.

In the year 1979, the Bank of Tokyo owned – Bank of Tokyo California seized the Union Bank through its subsidiary California First. However, the financial organization so formed embraced the name of Union Bank.

The Union Bank of California provides a wide range of banking products and services to both individual as well as institutional customers. This banking organization which is owned by the UnionBanCal Corporation provides personal banking, institutional and corporate, wealth management related products and services to its consumers.

The products and services related with Personal Banking that are provided by the Union Bank of California to its consumers are as follows :

Negotiable Personal Banking options are provided by the bank in order to allow for the clients to determine everything regarding the manner and timings to make use of the services and products provided, through telephone, Internet, or the several branches that the Union Bank of California has.

In order to handle the personal finances Union Bank of California offers different types of checking and savings accounts

Banking through the Internet and telephone empowers the customers to operate their accounts at all times of the day

To solve the financial requirements of the customers Union Bank of California offers home equity, mortgage, automobile loans and credit cards.

Customers are allowed the freedom to plan for retirements as they find most suitable through IRAs and other savings.

To assist the consumer in attaining the aims set by themselves Union Bank of California offers different kinds of investment and brokerage services.

Various insurance plans are also provided to secure everything that the customers consider precious to themselves.

The products and services related with Wealth Management offered to the customers by the Union Bank of California are as given below :Individuals and business organizations are provided professional services in relation to Wealth Management by the Union Bank of California to take on financial challenges which are the only way to gain profits.

The different modified financial services provided by the Union Bank of California include :

• professional services in relation to banking and financing through a vast array of deposit accounts and credit agreements

  Professional services in relation with investment and stock brokerage including :

• planning for retirement well in advance
• strategies to deduct effective taxes
• management of the financial assets held by an individual or other financial institutions
• buying or selling commodities or securities

• the Union Bank of California flourishes extensive trust and estate plan governance services to a few select customers

The Commercial Wealth Management Services provided by Union Bank of California for its customers which are professional service houses include :

management of cash and deposit on behalf of those professional service houses
commercial loans

• distinct programs for the employees of such professional service houses
• services provided by the Union Bank of California to its consumers include personal, business, and specialized insurance coverages
• are offered to protect personal properties and assistance to minimize risks

• the customers can even contact the financial advisors at UnionBanc Investment Services in two ways :
  • by traveling to the Investment Center of the Union Bank branch nearby
  • by calling the Investment Center of the Union Bank branch nearby and arranging an appointment

The products and services related with Small Business which are provided by the Union Bank of California to its customers include the following :Union Bank of California offers customized and unique services, products, and expertise for all types and sizes of business enterprises to enable it not only to run smoothly but also to earn more and more profits.

The services on offer by the Union Bank of California include :

• Online Business Banking services provided by the Union Bank of California saves time which we treasure so much
• Business financing provides the capital which is very necessary to expand a business
• Products and services related with integrated cash management assist in keeping the customer’s money insured, accessible simultaneously being subjected to interests
• Sales may be enhanced, cash flow may be alleviated and check losses may be cut down through the Merchant Card Services.

  Commercial products and services offered by the Union Bank of California to the customers are of the following types :

  Union Bank offers a wide array of indispensable supports through the informed and experienced Relationship Managers of the bank give the customers the edge over the others.

  Commercial products and services include consultations on the following :

• business loans and financing to provide for working capital, mergers and acquisitions
• the cash flow improvement of the customer’s business concern is enhanced through the employment of the cash management services which are essential in getting accurate information and improving the profits earned by the business concern
• answers offered by the Union Bank of California in regard to the global trade and foreign exchange problems assist in enhancing the boundaries of the international trade of any business concern
• employee benefits offered by the Union Bank of California are easy to dispense and therefore assist business concerns in holding on to their employees
• several business insurance policies offered by the Union Bank of California assist in managing business related risks.

  Checking & Savings Accounts

  Checking Accounts offered by the Union Bank of California come with the advantages given in details as follows :

  • Basic Checking an affordable service for those customers who write only a very small number of checks every month.
  • Regular Checking this service offered by the Union Bank of California comes with appended benefits which are provided with direct deposits.
  • Tiered Interest Checking for customers with higher account balances, enabling them to earn interests.
  • Signature Banking is actually a personalized checking account with an extensive accumulation of banking services for individuals who have a combined Union Bank of California balances worth $10,000 or more.
  • 55 Plus Checking is for those customers who are 55 years of age and beyond.

  Savings Accounts provided by the Union Bank of California come with the advantages discussed in details as follows :

  Choose the Right Account

• Regular Savings customers may open an account with as low as $50 and are required to pay no regular service charges every month provided they deposit a minimum of $25 each month.
• MoneyMarket Account entitles the balances of $2,500 or more to higher interest rates than regular savings accounts
• Time Deposit (CDs) offers guaranteed interest rates and fixes the term that is right for the customer ranging from 7 days to 60 months. CDs are FDIC-insured and as a result provide customers with added security
• Student ATM Savings do not involve the payment of regular monthly service charges for customers aged between 14 and 17 and comes along with ATM convenience.
• Junior Bankers’ Club assist children to save by entitling them to rewards for saving
• IRAs

  Investments & Insurance

  • Insurance CenterLife provides customers of the Union Bank of California with negotiable life insurance options varying from basic protection to advanced estate-planning instruments.
  • Travel and accidental death Insurance provides protection for customers of the Union Bank of California along with their families through travel insurance or accidental death and mutilation policies.
  • Long-term care insurance offers coverage for the nursing-home or in-home care that may be needed by the customer
  • Disability insurance insures that the loss of income undergone by the customer doesn’t disrupt his or her financial plans or deplete the assets of the insured customers.
  • Homeowners insurance provides coverage for the customers home home, whereas personal liability provisions protect his or her other assets
  • Auto and luxury vehicle insurance includes auto protection, along with insurance for boats, yachts, and planes and other such vehicles that may be owned by the customers
  • Business insurance provides aids to deal with problems and simultaneously produces saving opportunities after the retirement of owners and executives.
  • Pet insurance insures the well being of the pets as well as the owners.

  Investing & Brokerage

  The share brokerage auxiliary of Union Bank of California, UnionBanc Investment Services, provides a wide range of opportunities to the customers to invest. The consumers of this services may invest through the Internet, telephone, or personally with a registered Financial Advisor employed by the Union Bank of California.

  • Retirement Planning – for those potential customers who have already retired or are nearing retirement, an IRA at the Union Bank of California actually insures the financial future of such consumers.
  • Trust & Investment Management Union Bank of California has a record of assisting its clients in managing their respective possessions with the trust and investment management services.
  • The accomplished experts in the field of Wealth Management assist in dealing with assets with a wide range of modified services which include the following :
    • Investment management services
    • Trust services
    • Charitable donations

  Loans

  Various kinds of Loans are provided by the Union Bank of California to its customers.

  Mortgages provided by the Union Bank of California are of three types :

  • Fixed Rate Mortgage
  • Adjustable Rate Mortgage or ARM
  • Combination mortgage

  Home Equities offered by the Union Bank of California are of the following three types :

  • Home Equity Line of Credit
  • Basic Home Equity Loan
  • Second property loans and lines of credit

  Auto & Other transport related purchase loans offered by the Union Bank of California.

  • New and pre-owned auto loans to buy either brand new vehicles or those which have been used before.
  • auto loans to buy recreational vehicles
  • boat loans

  Credit Card

  • Rewards Advantage® Platinum Edition® Visa® Card – involving no annual fee this card enables the customers to earn pays back for traveling, gift certificates, merchandise or cash back rewards.
  • First AirMiles® Platinum Edition® Visa® Card – entitles the customers to rewards for travelling, gift certificates or merchandise are on offer for each substantial purchase made. However this card comes with a little fee that is to be paid annually.
  • BucksbackSM Platinum Edition® Visa® Card – customers are allowed an 1 percent cash back upon every dollar spent by them in addition to added advantages, no annual fees is involved.
  • Platinum Edition® Visa® Card requires no fees that have to be paid annually.

    Online Services

    Online Services of the Union Bank of California are offered through the Internet on a secure website which can be used by the customers only through the application of a secret password that is only made known to the customers themselves individually. The different Online Services offered by the Union Bank of California are :

    • Banking & Bill Payments through the Internet
    • Online Business Center
    • Investing through the Internet
    • Trust and Custody services offered online
    • SelectBenefit 401(k) in relation to Small Business concerns

    Those who are more interested in gaining detailed information regarding the products and services of the Union Bank of California may log on to uboc.com,sso.uboc.com