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LIBRARY FOUNDATION ANNOUNCES UNION BANK AS CORPORATE PARTNER OF NEW CENTRAL LIBRARY
For Immediate Release
SAN DIEGO, July 29, 2011 - The San Diego Public Library Foundation today announced that Union Bank has pledged $300,000 to support construction of San Diego's New Central Library, scheduled to open in the summer of 2013. The New Central Library‟s full-service homework center will be named the Union Bank Homework Center in honor of this gift. Built in the heart of downtown San Diego, the nine-story library will be a regional center for learning and literacy, featuring a cutting-edge technology center, vibrant community gathering spaces, a museum-quality art gallery, performance auditorium and expanded access to books, information and digital resources.
Bank signs on with $300,000 commitment
"We are thrilled to partner with Union Bank and welcome the bank‟s support of San Diego's New Central Library," says Library Foundation Chair Mel Katz. "Generous donations of the local community and companies like Union Bank are vital to making this long-awaited vision a reality for the region. We hope the bank‟s donation encourages other companies and individuals to support the New Central Library."
Union Bank Homework Center resources will promote student success with test preparation books, reference materials, computer workstations and access to quality, online databases. The Center will offer after-school tutoring and a volunteer program will help students with their homework and project needs. Located on the second floor, the Union Bank Homework Center is near the Library‟s Teen Center and promises to be one of the most popular areas of the new Library. The Center caters to students at the charter high school located in the Library building, as well as students attending the more than 60 schools located within two and a half miles of the New Central Library.
"At Union Bank, we support education and financial literacy as part of our ongoing commitment to local communities, so supporting the New Central Library and especially the homework center is a natural extension of our efforts," says Union Bank Senior Vice President and Market President George Kaye. "Our roots in San Diego date back to 1883, and we're honored to be a part of this important economic development for the city."
Last July, San Diego Mayor Jerry Sanders and a crowd of more than 800 library supporters broke ground on the new library, a project in the planning for more than 30 years. Funding sources for the project include private donations, Centre City Development Corporation funding, a California State Library grant and a lease agreement with the San Diego Unified School District for an onsite charter high school. No San Diego City General Fund dollars or bond funds are being used to build the facility. Individuals and companies interested in supporting the New Central Library can visit SupportMyLibrary.org or call 619-238-6638.
In addition to the donation for the New Central Library, the bank is also continuing its financial literacy program for youth and adults in San Diego where bank executives teach courses throughout the year to various community organizations, including Junior Achievement.
About the San Diego Public Library Foundation
The San Diego Public Library Foundation is a non-profit 501(c)(3) organization composed of community leaders who work with the Friends of the Library and other support groups to raise funds for an excellent free public library system. Since its inception, the Library Foundation has worked with the City to open six new branch libraries and expand two branches. The Library Foundation also works with the Friends and other partners to ensure the Library has met the City's $1 million match each of the last seven fiscal years. This match program provides critical support for materials, programs and technology at the Central Library and the 35 branches. Additional information is available at SupportMyLibrary.org.
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 www.unionbank.com for more information.