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Banks based in California; Defunct banks of the United States; Companies based in San Francisco; Defunct companies based in California; American companies established in 1996; Banks established in 1996; Banks disestablished in 2008; 1996 establishments in California; 2008 disestablishments in California; Mitsubishi UFJ Financial Group
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 finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [2]
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Four years later Bank of Tokyo California, via California First, took over Union Bank and adopted its name. In May 1996, Mitsubishi Bank and the Bank of Tokyo merged. [3] In San Francisco, the Bank of California merged into Union Bank, N.A., and the merged entity, Union Bank of California, N.A. became a direct subsidiary of the bank holding ...
Truth in Lending Act; Long title: An Act to safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by restricting the garnishment of wages; and by creating the National Commission on Consumer Finance to study and make recommendations on the need for ...
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banker's lien—the right of a bank to satisfy a customer's matured debt by seizing the customer's money or property within the bank's possession. blanket lien—a lien that gives the lienor the entitlement to take possession of any or all of the lienee's real property to cover a delinquent loan.