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UNION BANK NAMED ONE OF THE BEST COMPANIES FOR DIVERSITY BY HISPANIC BUSINESS MAGAZINE
For Immediate Release
LOS ANGELES, October 3, 2011 – Union Bank, N.A., announced today that it is ranked ninth by Hispanic Business Magazine in the publication’s annual listing of the Best Companies for Diversity, up from the twelfth position last year. The selection is determined by more than 30 variables measuring a company’s commitment to diversity and inclusion as it relates to hiring, promotions, marketing, corporate philanthropy and supplier diversity.
“At Union Bank, diversity and inclusion is one of our overarching values, and this recognition is an honor for us,” said Vice President of Corporate Diversity and Inclusion Tisa Jackson. “We will continue to work on ensuring doors are open and relationships are built within our vibrant and diverse local communities.”
Union Bank’s commitment to diversity and inclusion is reflected in the composition of the board of directors of its holding company, UnionBanCal Corporation. UnionBanCal Corporation’s board of directors is comprised of more than 50 percent women and people of color. Also, more than half of Union Bank’s senior leaders are women or people of color.
Union Bank supports multiple Hispanic chambers of commerce and Hispanic-focused charitable organizations, annually it awards two percent of its after-tax earnings to non-profits through the bank and the Union Bank Foundation to many charitable and community organizations among them: NAACP, Boys & Girls Clubs, Para Los Niños, TELACU, USC Latino Alumni Association, Central American Resource Center, and Hispanic Scholarship Fund. In addition, the bank's Local Heroes of the Year Awards program – designed to recognize the contributions of community leaders during Hispanic Heritage Month – is in its 14th year in Los Angeles and San Diego.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.1 billion at June 30, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 403 full-service branches in California, Washington, Oregon, and Texas, as well as two international offices, on June 30, 2011. 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. Visit www.unionbank.com for more information.