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UNION BANK NAMED ONE OF TOP 10 REGIONAL COMPANIES ON 2013 DIVERSITYINC SPECIALTY LIST
For Immediate ReleaseContacts:
Sherice L. Bellamy
SAN FRANCISCO, CA (May 1, 2013) – Union Bank, N.A., today announced that for the third consecutive year the bank has been named one of DiversityInc’s Top 10 Regional Companies for Diversity, ranking seventh on the “Regional Companies” Specialty List. The ranking, up from number 10 in 2011 and 2012, is a subset of the DiversityInc Top 50 list derived from corporate surveys.
Union Bank’s commitment to diversity and inclusion is illustrated in numerous programs, products and services, such as its nearly 20-year Local Heroes Awards, which celebrates cultural diversity; community partnerships; a diverse and highly engaged workforce in which more than half of its employees are people of color and more than 60 percent women; a supplier diversity program that has become an industry standard; and a strong commitment to community development finance and diverse business lending. The bank also boasts one of the most diverse corporate boards of directors of any major U.S. company.
“We are very excited and honored to be recognized by DiversityInc, as we understand the importance of an ongoing commitment to diversity and inclusion at all levels within the bank,” said Union Bank Senior Executive Vice President and Chief Human Resources Officer Annemieke van der Werff. “While we’re proud that our ranking has improved over previous years, we recognize that we have more opportunities to enhance our diversity efforts and results.”
The DiversityInc survey, now in its 14th year, leads to a detailed, empirically driven ranking based on four key areas of diversity management:
- CEO Commitment: accountability for results, personal communications, visibility;
- Human Capital: five levels of management, promotions in and into management;
- Corporate and Organizational Communications: mentoring, resource groups, philanthropy, consistency/effectiveness of diversity-management initiatives;
- And Supplier Diversity: spend with Minority and Women Business Enterprise companies, as well as companies owned by LGBT people, people with disabilities, veterans.
The DiversityInc Top 10 Regional Companies list can be found at http://www.diversityinc.com/top10regionalcompanies/ and the full list of 2013 honorees can be found at www.DiversityInc.com/top50
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $97 billion at March 31, 2013. 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 443 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on March 31, 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. Visit www.unionbank.com for more information.
DiversityInc is the leading source of information on diversity management. The company is a consultancy and publishes two websites, www.DiversityInc.com and www.DiversityIncBestPractices.com, as well as a magazine, published five times a year. DiversityInc also produces diversity events, which average more than 600 attendees from 200 companies and have featured more than 20 CEOs of major corporations.