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For Immediate Release

Jane Yedinak
(415) 765-3241

Tanya Peebles-Hill
(213) 236-5329

Soto joins from Operation HOPE to focus on lending needs within low- to moderate-income communities

LOS ANGELES, May 25, 2011 - Union Bank, N.A. today announced that Joe Soto has joined the bank’s Consumer Lending group as community lending sales manager. In this new position, Soto is responsible for building relationships and overseeing community lending officers, as they implement Union Bank’s Economic Opportunity Mortgage (EOM) program to meet the lending needs of low- to moderate-income and multicultural communities throughout Greater Los Angeles.

Union Bank’s Consumer Lending group originates the bank’s loans to consumers, which includes residential mortgages and the EOM program. The EOM program is designed for individuals in low- to moderate-income households or who are purchasing or refinancing a property in a qualifying census area or who meet certain income requirements.###DISCLAIMER:2_0 Economic Opportunity Mortgage (EOM)###

Fluent in Spanish, Soto will collaborate with nonprofits and government agencies to provide resources that include informational materials and workshops on home buyer education and financial literacy through community-based organizations in the Los Angeles area.

"After many years in the Los Angeles area, Joe has strong relationships within the community that will be instrumental in helping Union Bank provide financial education and information to families in low- to moderate communities," said Leticia Aguilar, senior vice president and regional executive for Union Bank. "Joe’s experience as a mortgage professional and with community-based organizations will enable our Consumer Lending group to better serve the needs of our diverse and multicultural communities," said Aguilar.

Before joining Union Bank’s Consumer Lending group, Soto served as a financial management consultant for Operation HOPE. In this position, he assisted home buyers with the loan process and credit and money management, and supported homeowners through home retention programs. Previously, Soto was a home loan consultant for Wells Fargo, where he assisted and counseled customers with their lending needs.

An active member of his community, Soto is a member of the National Association of Hispanic Real Estate Professionals (NAHREP), where he previously served on its board. He is also a member of the Maywood Lions Club.

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.6 billion at March 31, 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 401 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on March 31, 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 for more information.

About Union Bank’s Economic Opportunity Mortgage (EOM)
An Economic Opportunity Mortgage (EOM) from Union Bank can help make purchasing or refinancing a home, condominium, or 1- 4 unit property more affordable. It’s designed for individuals with low- to moderate-income households, or who are purchasing or refinancing a property in a qualifying census area.###DISCLAIMER:2_0 Economic Opportunity Mortgage (EOM)###  EOM features include: paying less money upfront; obtaining more affordable payments; having limited or no credit history considered; and choosing fixed-interest loan term. For more information contact a local Union Bank mortgage consultant or visit