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UNION BANK GROWS CONSUMER LENDING GROUP WITH THREE NEW HIRES IN THE BAY AREA



For Immediate Release


Contact:
Jane Yedinak
(415) 765-3241
jane.yedinak@unionbank.com

Olen Grant, Kendall Joaquim, and Janet Kern Join The Consumer Lending Group’s Residential Team


SAN FRANCISCO, June 7, 2011 - Union Bank, N.A. today announced Olen Grant, Kendall Joaquim, and Janet Kern have joined the residential team of the bank's Consumer Lending group. Grant joins the team as a community loan officer, responsible for implementing Union Bank's Economic Opportunity Mortgage (EOM) program to meet the lending needs of low- to moderate-income and multicultural communities. Joaquim and Kern join as mortgage consultants.

Grant oversees the San Francisco area; Joaquim serves Sonoma County; and Kern covers Laurel Heights and Burlingame. 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 with 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###

All three positions report to Regional Sales Manager Susan McLaughlin. These new positions reflect the growth of the bank's Consumer Lending group, according to McLaughlin. 

"Olen, Kendall, and Janet are seasoned mortgage professionals with a strong customer-focus, who will help our clients with all of their personal borrowing needs," said McLaughlin. "Their understanding of the Bay Area combined with their extensive industry relationships will enable our growing consumer lending team to better serve our customers in every community."


Grant joins Union Bank with over 17 years of banking and loan experience. Prior to Union Bank, Grant served as vice president of loan origination at World Savings. Grant serves on the board of the Allen Temple Housing & Economic Development Corporation.

Joaquim comes to Union Bank with more than 10 years of experience in the banking industry. Most recently, she served as a loan officer for Chase. Prior to that, Joaquim was branch manager for Nationstar Mortgage.

Kern joins Union Bank with more than 15 years of banking experience. Most recently, she served as a loan officer for Princeton Capital. Prior to that, Kern was a loan officer at Opes Advisors and First Horizon. She is a life member of the American Association of University Women.

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.

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 features include: paying less money upfront; obtaining more affordable payments; having limited credit history considered; and choosing a fixed-interest loan term. For more information contact a local Union Bank mortgage consultant or visit unionbank.com/EOM