Union Bank of California
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| Union Bank of California | |
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| Type | Public (owned by UnionBanCal Corporation) |
|---|---|
| Founded | 1864 |
| Headquarters | San Francisco, California |
| Key people | Takashi Morimura, CEO |
| Industry | Banking |
| Employees | 10,277[1] ) |
| Website | www.uboc.com |
Union Bank of California is one of the 25 largest commercial banks in the United States. It has 317 branches in California.
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.
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| Commercial banks in the United States |
|---|
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