Union Bank of California
From Wikipedia, the free encyclopedia
| Union Bank of California | |
|---|---|
| Image:Uboc logo.gif | |
| Type | Subsidiary (owned by UnionBanCal Corporation) |
| Founded | 1864 |
| Headquarters | San Francisco, California |
| Key people | Masaaki Tanaka, CEO |
| Industry | Banking |
| Employees | 10,277[1] ) |
| Website | www.uboc.com |
Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches in California, Oregon, and Washington, and two offices outside the United States.
Union Bank of California's oldest roots date back to July 5, 1864, when the Bank of California was founded. In 1984, the Bank of California was bought by the Mitsubishi Bank.
In 1914, Kaspare Cohn founded Kaspare Cohn Commercial & Savings Bank in Los Angeles. It was renamed Union Bank & Trust Company of Los Angeles in 1918. In 1979, Union Bank was purchased by Standard Chartered. Meanwhile, the Bank of Tokyo established the Bank of Tokyo California in 1953 in San Francisco. In 1975, Bank of Tokyo California purchased San Diego's Southern California First National Bank, shortening its name to California First. Four years later Bank of Tokyo California, via California First, took over Union Bank and adopted its name.
In 1996, Mitsubishi and the Bank of Tokyo merged, creating what is today The Bank of Tokyo-Mitsubishi UFJ. At the same time, their California subsidiaries were merged into UnionBanCal Corporation, a holding company for Union Bank of California. In 1999, a minority interest in UBC was floated on the New York Stock Exchange.
[edit] References
| This article does not cite any references or sources. (May 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
[edit] External links
50 largest American banks and bank holding companies |
|---|
| ABN AMRO North America • Associated • BancWest • Bank of America • Bank of New York Mellon • BBVA USA • BB&T • BOK Financial • Capital One • Charles Schwab • Citigroup • Citizens Financial Group • City National • Colonial • Comerica • Commerce Bancorp • Commerce Bancshares • Compass • Fifth Third • First BanCorp • First Citizens • First Horizon National • Fulton • Harris • HSBC Bank USA • Huntington • JPMorgan Chase • Key • M&T • Marshall & Ilsley • National City • New York Community • New York Private • Northern Trust • PNC • Popular • RBC Centura • Regions • State Street • SunTrust • Synovus • Taunus • TD Banknorth • U.S. • UnionBanCal • W Holding • Wachovia • Webster • Wells Fargo • Zions Bancorporation |
