UnionBanCal Corporation operates as a bank holding company for Union Bank that provides financial services to consumers, small businesses, middle-market companies, and corporations, primarily in California, Oregon, and Washington, as well as internationally. The company’s Retail Banking segment offers checking and savings; investment, loan, and fee-based banking products; international and settlement services; e-banking services, check cashing services; loan and investment products for high net worth individual customers; and corporate trust, securities lending, and custody services to institutional customers. It also provides credit cards and merchant bank cards, consumer asset management services, wealth management services, and investment management and administration services.
The company’s Wholesale Banking segment offers various commercial financial services, including commercial loans and project financing, real estate financing, asset-based financing, trade finance and letters of credit, lease financing, customized cash management services, and capital markets products to middle-market companies, large corporations, real estate companies, and other specialized industry customers. This segment also provides depository services to title and escrow companies, retailers, domestic financial institutions, bankruptcy trustees, and other customers with deposit volume. In addition, this segment provides securities brokerage, investment advisory services, risk management services, and insurance products, as well as well as manages a proprietary mutual fund family.
At December 31, 2007, it operated 326 full service branches in California, 4 full service branches in Oregon and Washington, and 2 international offices. The company was founded in 1864 and is based in San Francisco, California. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd.