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Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. [1] The bank's corporate office was inaugurated by Mahatma Gandhi . At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one in Saurashtra in trade centres. [ 9 ]
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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.
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Atlantic Union Bank's parent company is bank holding company, Atlantic Union Bankshares Corporation. [ 5 ] [ 6 ] As of June 2023 [update] , Atlantic Union Bank was the largest regional bank headquartered in Virginia, also operating in Maryland and North Carolina . [ 7 ]
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Union Bank was an American national bank with 398 branches in California, Washington, and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.