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The Union Bank of the Philippines, Inc. (PSE: UBP), more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [2] UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial ...
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In 1914, Kaspare Cohn founded Kaspare Cohn Commercial & Savings Bank in Los Angeles.It was renamed Union Bank & Trust Company of Los Angeles in 1918. Harry Volk was recruited from Prudential Insurance Company as the bank's new CEO in 1957 and pioneered the use of the one-bank holding company, [1] among other banking innovations.
Thus, Union Bank became wholly owned by Nigerian citizens and organisations all within the private sector. During the Central Bank of Nigeria’s (CBN) banking sector consolidation policy, Union Bank of Nigeria Plc acquired the former Universal Trust Bank Plc and Broad Bank Ltd. It absorbed its one-time subsidiary, Union Merchant Bank Ltd.
The company traces it roots to The Bank of California founded in 1864. It became Bancal Tri-State Corporation in 1972, UnionBanCal Corporation in 1996, and MUFG Americas Holdings Corporation in 2014. [2] In December 2022, its sold its consumer banking subsidiary, MUFG Union Bank, to U.S. Bancorp.
In 2019 First Community Bank and Highlands Union Bank were merged. [1] As a result all existing Highlands Union Bank locations were renamed to First Community Bank. [2] The first HUB office was started by 600 investors in an attempt to form a local bank for their community. Highlands Union Banks assets grew to $9.2 million in their first year ...
Formerly known as Union Bank & Trust, Union First Market Bank and First Market Bank, FSB, the bank was established in 1997. Atlantic Union Bank's parent company is bank holding company, Atlantic Union Bankshares Corporation. [5] [6] As of June 2023, Atlantic Union Bank was the largest regional bank headquartered in Virginia, also operating in ...
Union Bank UK plc (UBUK), is a UK incorporated bank specializing in services to Nigeria and West Africa. [1] It had previously been a subsidiary of the Union Bank of Nigeria , but was fully divested from that entity in 2020. [ 2 ]
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