the 2008 present logo type subsidiary industry banking founded 1864 as the bank of california 1996 as union bank of california 2008 as unionbank 1 headquarters 1251 avenue of the americas new york new york 1 key people kanetsugu mike executive chairman stephen cummings president and ceo john woods cfo total assets 106.7 billion usd . 1 number of employees over 10 000 2 parent the bank of tokyo mitsubishi ufj through mufg americas holdings corporation website www.unionbank.com www.mufgamericas.com mufg union bank stylized as unionbank is an american full service bank with 398 branches in california washington and oregon which is wholly owned by the bank of tokyo mitsubishi ufj . 3 the bank formerly known as union bank of california n.a. has operations in california washington and also has commercial branches in dallas houston new york city and chicago as well as two international offices . headquartered in new york city mufg union bank n.a. is a subsidiary of holding company mufg americas holdings corporation and a member of the mitsubishi ufj financial group nyse mtu . 3 as of december 31 2014 mufg americas holdings corporation had 113.7 billion usd in assets and the mitsubishi ufj financial group had total assets of approximately 2.3 trillion usd . 1 its foundation is built on five lineages ; three originate in california and two in japan . 4 contents 1 history 1.1 the bank of tokyo mitsubishi ufj 1.2 acquisitions and their founding dates 2 corporate social responsibility 2.1 community reinvestment act 3 references 4 external links history edit the bank of tokyo mitsubishi ufj edit the former union bank logo used from 1996 prior to the 2008 rebranding . in april 1996 mitsubishi bank and the bank of tokyo merged in japan . in san francisco the bank of california and union bank consolidated into unionbancal corporation a bank holding company and its primary subsidiary union bank of california n.a. with the merger union bank could now trace its history back to the founding of the bank of california 132 years before . in 1999 unionbancal corporation became a publicly traded company listed on the new york stock exchange nyse ub . 5 on october 19 2004 the federal reserve board announced that union bank had entered into a written agreement to avoid criminal prosecution for money laundering . 6 three years later union bank was again accused of money laundering and in september 2007 the department of justice and the treasury department announced that union bank had agreed to pay 31.6 million in penalties and forfeitures to settle government claims that it had been implicated in an elaborate drug money laundering scheme involving mexican exchange houses known as casas de cambio . 7 in august 2008 mitsubishi ufj offered to buy the 35 percent of union bank it did not already own which union bank accepted . 8 on november 4 2008 the bank of tokyo mitsubishi ufj btmu a wholly owned subsidiary of mitsubishi ufj financial group mufg announced that btmu had successfully acquired all of the outstanding shares of unionbancal corporation . 9 in 2014 mufg integrated the u.s. operations of its subsidiary the bank of tokyo mitsubishi ufj ltd. btmu with those of san francisco based union bank n.a. 10 acquisitions and their founding dates edit 1864 the bank of california 1883 first national bank 1905 the london and san francisco bank 1918 the bank of personal service 1952 the bank of tokyo of california 1958 union bank 1967 southern california first national bank 1972 mitsubishi bank of california 1975 california first bank 1988 bankcal the bank of california in 2009 union bank opened a branch in texas with plans to expand . 11 on april 30 2010 union bank n.a. acquired certain assets and assumed certain liabilities of everett washington based frontier bank in a purchase and assumption agreement with the federal deposit insurance corporation fdic . 12 twelve officers and corporate directors of frontier bank are facing a 46 million damage lawsuit filed by the fdic . 13 also in april union bank acquired the assets of tamalpais bank in marin county including seven branches . federal regulators sold tamalpais assets to union bank which rebranded all the acquired branches . 14 in 2012 union bank announced its acquisition of pacific capital bancorp which operated under the name santa barbara bank & trust for 1.5 billion . 15 a branch in los angeles california in 2013 union bank completed the acquisition of first bank association bank services which provides a full range of banking services to homeowners associations and community management companies . the acquisition brought to union bank approximately 550 million in deposits . corporate social responsibility edit community reinvestment act edit union bank s board of directors approves the bank s community service action plan csap which is used to ensure the bank s compliance with community reinvestment act requirements . the csap targets seven key areas for support and services affordable housing banking services community outreach corporate contributions low income consumer loans small business loans and assistance and supplier diversity . 16 references edit a b c d mufg union bank n.a. corporate profile pdf . irweblink . a b mitsubishi ufj financial group integrates operations in americas uniting under one commercial bank and bank holding company . corporate profile . union bank . corporate profile history and timeline . union bank . frb press release written agreement with union bank of california international october 19 2004 . vardi nathan 17 september 2007 . unionbancal s drug money problem forbes . the economist august 23 2008 edition . u.s. edition . page 7 . japanese bank buys rest of unionbancal . the new york times . august 19 2008 . retrieved may 26 2010 . welcome to mufg americas union bank launching statewide growth from dfw . dallas business journal . august 26 2011 . https www.unionbank.com company information company information news press release index press releases pacific northwest.jsp dead link former mastro property in redmond sells for 3.5 million . richard halstead 2010 04 16 . regulators take over tamalpais bank sell assets to union bank . marinij.com . retrieved august 19 2016 . henry dubroff march 12 2012 . sbb & t will rebrand in 1.5 billion deal . pacific coast business times . community service action plan commitment about union bank union bank . external links edit san francisco bay area portal companies portal union bank v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank . inclusion on this list is based on u.s. assets only and is current as of december 31 2015 . retrieved from https en.wikipedia.org w index.php title mufg union bank & oldid 743699336 categories banks based in californiacompanies based in san franciscobanks established in 18641864 establishments in californiafinancial district san franciscomitsubishi companiesmitsubishi ufj financial grouphidden categories all articles with dead external linksarticles with dead external links from may 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what 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