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Press release

Union Bank Continues Expansion of San Diego Wealth Management Team with Hire of Douglas Gundermann, Private Wealth Advisor

SAN DIEGO, May 21, 2019 – Union Bank today announced that Douglas Gundermann has joined as a Private Wealth Advisor serving the San Diego market. Mr. Gundermann will report to Stephen Sherline, Managing Director, Private Wealth Management, and will be based out of Union Bank's downtown San Diego office.

Mr. Gundermann works with high net worth clients to help them build, sustain, and transfer wealth through customized solutions in wealth planning, investments, risk management, trust and estate, and banking services.

"Now more than ever, our team is partnering with clients that require deep expertise and bespoke, creative strategies to manage their wealth and legacy," said Sherline. "Douglas's extensive experience with business owners and HNW individuals in the area will help us provide the innovative solutions necessary for our clients and expand our footprint in the region."

Mr. Gundermann joins the bank with more than 16 years of industry experience, including investment management, portfolio management, financial planning and customized lending. He has a specialty in consulting business owners and corporate executives as well as wealth transfer and legacy planning for ultra-high net-worth (UHNW) families.

Most recently, Mr. Gundermann served as a Private Wealth Advisor for U.S. Bank where he provided comprehensive wealth management strategies to his clients. His past experience also includes roles with Morgan Stanley, UnionBanc Investment Services (a subsidiary of MUFG Union Bank, N.A.), and U.S. Bank Investments.

Mr. Gundermann is a graduate of California State University, Sacramento, and earned his M.S. in Corporate and International Finance from National University.

He currently serves as a Board Member for the Salvation Army of San Diego and the McGrath YMCA and is on the Advisory Council for the San Diego Center for Children.

About Union Bank
Union Bank is a full-service bank with a rich history of investing in our clients, communities and employees throughout the West Coast for more than 150 years. Union Bank provides a wide range of personal and business banking products as well as wealth management services. With more than 350 branches in California, Oregon and Washington, Union Bank remains committed to serving the needs of its local communities. As a member of the Mitsubishi UFJ Financial Group (MUFG), one of the world's largest financial institutions, Union Bank holds our clients' best interests to heart and remains committed to investing in their success.

About MUFG Union Bank, N.A.
As of March 31, 2019, MUFG Union Bank, N.A. operated 351 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia, as well as 22 PurePoint ® Financial Centers. We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $133.4 billion, as of March 31, 2019, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world's largest financial organizations with total assets of approximately ¥311.1 trillion (JPY) or $2.8 trillion (USD)1, as of March 31, 2019. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

Wealth planning strategies have legal, tax, accounting and other implications. Prior to implementing any wealth planning strategy, clients should consult their legal, tax, accounting and other advisers.

(1) Exchange rate of 1 USD=¥110.9 (JPY) as of March 29, 2019