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UNION BANK WINS SEVEN AWARDS FOR EXCELLENCE IN MIDDLE MARKET AND SMALL BUSINESS BANKING
For Immediate Release
Joanne Curran, (213) 236-5017
Pinky Vora, (213) 236-5841
Los Angeles, February 25, 2010 -- Union Bank, N.A., announced today it has received seven Greenwich Excellence Awards in middle market and small business banking from Greenwich Associates for 2009. Greenwich Associates is a Connecticut-based strategic consulting and research firm for financial service providers worldwide.
Of the seven awards, six were national-level commendations, including two for Overall Satisfaction in middle market banking and treasury management. Union Bank received awards for relationship manager performance, financial stability and product capabilities. The bank also received a Regional Award for overall satisfaction. Of more than 750 banks evaluated by Greenwich Associates, Union Bank is one of a handful that have repeatedly been recognized for excellence in the five years since the awards were introduced in 2005.
"These awards are a powerful validation of our longtime expertise in treasury management and middle market banking," said JoAnn Bourne, senior executive vice president for Union Bank and head of corporate deposits and global treasury management.
"Meeting the ever-evolving needs of our clients is a top priority for us. We are strategic thinkers and valued partners in the success of our clients, many of whom have been with us for decades"
The awards are based on the results of Greenwich Associates' annual research program, which includes interviews with decision makers from more than 30,000 businesses with annual sales of $1 million to $500 million in major markets across the country.
"Union Bank consistently appears on our list of top banks," said David Fox, Managing Director at Greenwich Associates. "It is a mark of their ongoing commitment to meet the demanding needs of their clients and to keep pace of new technology."
In 2009, Union Bank was recognized as a Top 10 provider of cash management services in a national survey by the global accounting firm of Ernst & Young. Union Bank's treasury management services are designed to address a business' complex money-management needs by providing tools to optimize use of funds, reduce accounting costs, improve the collections and payment processes, mitigate fraud and streamline account and transaction reporting.