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UNION BANK EXTENDS ASSISTANCE TO FURLOUGHED FEDERAL
EMPLOYEES, BUSINESSES IMPACTED BY GOVERNMENT SHUTDOWN
For Immediate Release
SAN FRANCISCO, CA, October 11, 2013 – Union Bank, N.A. today announced that it is providing financial relief to its customers who have been furloughed as a result of the recent federal government shutdown. Effective today, through a Federal Employee Assistance Program, the company will offer the following to eligible customers: a one-time, no-fee payroll assistance loan of up to $1,0001 ; a fee waiver for non-sufficient funds and overdrafts on checking accounts; and a penalty waiver for early withdrawal on time deposit accounts. Additionally, Union Bank will work with impacted consumer lending and small business customers, particularly those who have SBA loans in process, to determine alternatives.
Customers may inquire about eligibility requirements and other restrictions by visiting a Union Bank branch or calling 888-497-5893.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $102.3 billion at June 30, 2013. Its primary subsidiary, Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 422 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on June 30, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers. Visit www.unionbank.com for more information
1Amount based on the average of three consecutive Federal payroll direct deposits.