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Union Bank Vice Chairman Timothy H. Wennes Joins Operation HOPE National Board of Directors
For Immediate Release
Sherry T. John
LOS ANGELES – September 21, 2011 – Operation HOPE (HOPE) announced today that Union Bank Vice Chairman Timothy H. Wennes has been appointed to the organization’s National Board of Directors. Mr. Wennes will help advance financial literacy empowerment as part of the nonprofit’s “silver rights” mission to provide access to resources and free enterprise to underserved communities.
“Given Union Bank’s ongoing commitment to financial literacy empowerment and Mr. Wennes’ standing in the banking community, he will be a great asset to our board,” said John Hope Bryant, Operation HOPE founder, chairman and CEO. “Mr. Wennes is a longtime advocate for financial education, and we look forward to his guidance and insight to help us empower underserved communities in California and beyond.”
As part of his responsibilities for Corporate Social Responsibility on behalf of the bank, Mr. Wennes is a champion for financial literacy, employee volunteerism and environmental stewardship. The bank’s commitment to financial education is centered on bank volunteers teaching the Operation HOPE Banking on Our Future curriculum in schools and other organizations throughout Southern California. Union Bank is also the founding sponsor of HOPE’s FIVE MILLION KIDS initiative.
“Union Bank is committed to our local communities and especially to empowering those communities with financial education,” said Wennes. “We share Operation HOPE’s passion for financial education, and through our ongoing partnership, we hope to extend the mission to other companies and the financial industry in general. Our goal is for all Americans to become financially sound, which helps not only our local communities, but our nation.”
Union Bank continues to partner with Operation HOPE and other organizations to provide financial literacy education to low- and moderate-income youth and adults. Mr. Wennes understands the positive impact that occurs when employees engage in important causes in the community.
Over the past two years, the total number of hours that bank employees contributed to their communities has grown. In fact, in 2011, in support of Financial Literacy Month, Union Bank Community Bank employees volunteered more than 6,800 hours to provide financial education in its communities. Mr. Wennes is also at the forefront of the bank’s commitment to creating a healthier environment, fostering awareness and specific actions to reduce the bank’s carbon footprint.
Mr. Wennes is a graduate of the University of Southern California, where he received a bachelor’s degree in business administration. He also earned an MBA degree in international business from California State University at Fullerton. Active in several financial services industry associations, Mr. Wennes serves on the board of the Consumer Bankers Association and as a member of the Financial Services Roundtable. He is also a member of the Board of Regents of California Lutheran University.
HOPE’s national Board is comprised of some of the nation's most powerful executives, decision-makers, bankers and economists. These individuals play an essential role in driving HOPE’s Silver Rights Movement to expand economic opportunity, and make capitalism and free enterprise accessible to underserved communities. A complete 2011 list of HOPE's National Board may be viewed at http://www.operationhope.org/smdev/clst20.php?id=165
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.
About Operation HOPE
Since 1992, Operation HOPE has been America’s leading financial literacy and empowerment nonprofit. Through its four principle portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership and assists with foreclosure prevention. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and government partners, HOPE has reached over 1.5 million low-wealth individuals in 70 U.S. cities and South Africa. The organization has raised more than $500 million and helped to restructure more than $360 million in sub-prime mortgages from the private sector, for more than a total of approximately $1 billion in economic activity for the disenfranchised. At the core of HOPE’s mission is a Silver Rights Movement, ensuring that free enterprise and capitalism work to provide a better future for underserved communities around the world. To learn more about HOPE, visit our website at www.operationhope.org, www.twitter.com/operationhope, and www.facebook.com/operationhope.