1.5 star ratingAverage User Rating:
1.5 star rating based on 7 reviews.

Union Bank of California

Union Bank of California Locations
Ste 200, 400 California Street
San Francisco, CA 94104-1382
415-765-3434
www.unionbank.com



More than 130 years ago, their founders had a vision of offering comprehensive financial solutions to individuals and businesses. Today, Union Bank honors that history with a commitment to superior service for their customers, employees, shareholders, and the communities they serve.

Related Posts

Union Bank Settles Class Action Alleging Improper Debit Card Overdraft Fees (Forum) - 5/24/2012

Legal notice in today's Los Angeles Times shows Union Bank has agreed to pay $35 million to settle a class action over the order in which it processes debit card transactions, maximizing overdraft fees to its customers. I have posted the legal notice here

Competitive 3-Year & 5-Year CD Rates at Union Bank - OR & WA Only - 5/24/2012

Union Bank, N.A. is offering two competitive CD rates for residents in Oregon and Washington State. These are a 2.00% APY 5-year CD and a 1.50% APY 3-year CD. Minimum deposit is $350. These rates are ...

Union Bank Checking Account Promotion with 5% Cash Back Debit Card - 1/9/2012

Union Bank has a checking account promotion in which you can earn 5% cash back from your debit card purchases for up to $250. To earn the full $250, it will require $5,000 in debit card purchases thro ...

UNION Bank Ends Free Checking In January 2012 (Forum) - 11/2/2011

Free Checking at Union Bank is ending in January 2012. It will be replaced by Essential Checking. Which has a Monthly checking fee unless the following is met: Any of the following $1,500 Average Monthly Ledger Balance $5,000 monthly Combined Balance

2011

2010




See Rates for: Checking | Savings | Money Market | CD | IRA

Union Bank of California Checking Account Rates

ApyMinMaxProduct
0.01%--Tiered Interest Checking
0.01%--Signature Banking Tiered Interest Checking

Union Bank of California Savings Account Rates

ApyMinMaxProduct
0.45%$25k-Retirement Income IRA
0.45%$25k-Retirement Income Roth IRA
0.45%$25k-Retirement Income CESA
0.35%$100k-Union Bank Preferred Savings
0.01%--Regular Savings
0.01%--Kidz Savings
0.01%--Teen Savings

Union Bank of California Money Market Rates

ApyMinMaxProduct
0.25%$100k-High Rate MoneyMarket Account
0.25%$100k-IRA MoneyMarket Savings Account
0.20%$100k-MoneyMarket Account

Union Bank of California CD Rates

ApyMinMaxProduct
1.50%$350$100k60 Month CD
1.01%$350$100k48 - 59 Month CD
0.60%$350$100k36 - 47 Month CD
0.50%$350$100k18 - 23 Month CD
0.50%$350$100k24 - 35 Month CD
0.30%$350$100k12 - 17 Month CD
0.20%$350$100k180 - 364 Day CD
0.10%$350$100k32 - 89 Day CD
0.10%$350$100k90 - 179 Day CD
0.05%$2,500$100k7 - 31 Day CD

Union Bank of California IRA Rates

ApyMinMaxProduct
1.50%$350-60 - 120 Month IRA Time Deposit
1.50%$350-60 - 120 Month Roth IRA Time Deposit
1.50%$350-60 - 120 Month CESA Time Deposit
1.01%$350-48 - 59 Month IRA Time Deposit
1.01%$350-48 - 59 Month Roth IRA Time Deposit
1.01%$350-48 - 59 Month CESA Time Deposit
0.60%$350-36 - 47 Month IRA Time Deposit
0.60%$350-36 - 47 Month Roth IRA Time Deposit
0.60%$350-36 - 47 Month CESA Time Deposit
0.50%$350-18 - 23 Month IRA Time Deposit
0.50%$350-24 - 35 Month IRA Time Deposit
0.50%$350-18 - 23 Month Roth IRA Time Deposit
0.50%$350-24 - 35 Month Roth IRA Time Deposit
0.50%$350-18 - 23 Month CESA Time Deposit
0.50%$350-24 - 35 Month CESA Time Deposit
0.45%$500-18 Month Variable Rate IRA Time Deposit
0.45%$500-18 Month Variable Rate Roth IRA Time Deposit
0.45%$500-18 Month Variable Rate CESA Time Deposit
0.30%$350-12 - 17 Month IRA Time Deposit
0.30%$350-12 - 17 Month Roth IRA Time Deposit
0.30%$350-12 - 17 Month CESA Time Deposit
0.20%$350-182 - 364 Day IRA Time Deposit
0.20%$350-182 - 364 Day Roth IRA Time Deposit
0.20%$350-182 - 364 Day CESA Time Deposit
0.10%$350-90 - 181 Day IRA Time Deposit
0.10%$350-90 - 181 Day Roth IRA Time Deposit
0.10%$350-90 - 181 Day CESA Time Deposit

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


Union Bank, National Association
FDIC Certificate #22826
BankRate ReportView
Year Established1979
Employees10407
Primary RegulatorOCC

Assets and Liabilities

Assets$91.58 billion
Loans$52.77 billion
Deposits$65.97 billion
Equity Capital$10.71 billion
Loan Loss Allowance$686.73 million
Unbacked Noncurrent Loans$678.35 million
Real Estate Owned$23.84 million

Historic Data - March 2011

Assets$80.19 billion
Equity Capital$10.05 billion
Loan Loss Allowance$975.88 million
Unbacked Noncurrent Loans$983.86 million
Real Estate Owned$31.61 million

Profit Margin - Quarterly

Net Interest Margin3.21%
Return on Assets0.73%
Return on Equity6.25%
Interest Income$738.93 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Union Bank of California had $702.18 million in non-current loans and owned real-estate with $11.4 billion in equity and loan loss allowances on hand to cover it. This gives Union Bank of California a Texas Ratio of 6.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Union Bank of California decreased slightly from 9.20% as of March 31, 2011 to 6.16% as of March 31, 2012, resulting in a positive change of 33.05%.This indicates that the balance sheet and financial strength for Union Bank of California has improved slightly in recent periods.
Deposit Growth5
In the past year, Union Bank of California has increased its total deposits by $6.96 billion, resulting in 11.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Union Bank of California has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Union Bank of California has $91.58 billion in assets with $11.4 billion in equity, resulting in a capitalization level of 12.44%, which is excellent.
Write Review

RE: Cancelling Our Business Checking With Them After 10 Years And Millions Of Dollars Go Thru The Account
1 stars - yiping - Wednesday, December 14, 2011 - 10:45 PM

Union Bank refused to help me in resolving my issue with their Businss Visa issuing Bank, First BankCard.  We've had the card for five years, have never had a problem till now.  As a result, I am cancelling my account with them.  We've been with them for ten years.  We deposit about a million a year with them.  It feels good to leave them for they don't deserve our business.

 

 First Bankcard, violated my "charge back right" due to their mistakes in the investigation process.
The total amount of $3800 charge back was credit to my visa card on 08/24 based on my supporting document (50 pages)  However, when the merchant contested, he didn't even need to submit ANY supporting documents to back up his claims, my bank decided to charge me $3800.  this amount was the last payment for a web design project.  The vendor was incompetent to complete the project.  After five missed launched date, three month delay, and  major errors and bugs that he was not able to fix, we gave up.  We have all the documents to prove my claim.  What stunned me is that First BankCard did not ask the merchant to submit his claim (that he delivered a functional site to prove that he has run real test orders on the site, or he's fixed bugs and errors we pointed on 7/5/11, when he claimed the site was ready on 7/2/11.  When is even shocking is that First Bank Card told me I still don't have the proper documentation after submitting all they've asked me for the case, however, the merchant didn't have to prove his claim with one single documents. 

9

Skip This Bank
1 stars - charlieshean - Friday, January 21, 2011 - 11:50 PM

They're difficult to deal with if there's an issue with your account. Slow response and poor communication between departments.

8

UNSAFE & RISKY
1 stars - Jamie34 - Wednesday, April 20, 2011 - 7:01 PM

I have been a long standing customer of Union Bank.  I own my own buisness and also have a business account with Union Bank.  I had a car break in and my purse was stollen.  I called union bank right away and informed them of the theft.  They were to freeze my account in order to protect my funds.  The next day I went into the bank to trasfer my funds and was informed that I had 44.00 in my account.  3 different drive up tellers at 3 different Union Banks let these thiewves withdrawl 6500.00 of my hard earned money.  The lady on the phone I spoke to did not do her job and left my account wide open.  It has been 6 days and I still have not been given back my money and have no idea when their investigation will conclude.  I have been trated like the criminal.  Be aware your money is not safe with this kind of careless employees.

7

Worst Bank I Have Dealt With In Every Aspect
1 stars - helpful - Friday, April 6, 2012 - 7:24 PM

UBOC has the worst customer service and huge fees for anything! Simply having a checking account now they are chargining monthly fees without any notice whatsoever. They say you have to go to the home branch you created it at to figure it out. I have closed my account and will NEVER bank there again and will advise everyone else to follow suit. Chase has provided great customer service and no service fees I appreciate them more and Bank of America isn't bad either. Hope this helps give you an idea of where to put your money

5

HORRIBLE!! I Was A Victim Of Crime
1 stars - sarahp31 - Monday, March 5, 2012 - 5:39 PM

I had my car broken into on November 11th 2011 in the LA Fitness parking lot and my CC was charged 4 different transactions at Target within an hour. Number one... they told me it would take a month to clear up the fraud and place my money back into the account.... EVEN WITH MY FREAKIN POLICE REPORT. I gave them everything that i could to show them that i was a victim here and that i deserve to have my money gone due to some criminals. Why am i punished for someone elses crimes!!!??? I spent hours on the phone with the bank to make sure that they put the loan in so that i don't have all my checks for bills bouncing. I def thought they did a good job by working hard to get things back to normal for me. BUT THEN... i see that the bank took out one of the charges in Feb 2012 that had been taken from my account back in November. When i called in regards to this matter and asked what was going on and why the bank took out $217.44 from my account, they told me that the $217.44 was found to be authorized by me. WOW!!! Really??? this bank is a joke. Basically what they are saying is that while i was at the gym... and people that completely violated my earnings were swiping my card freely ... i somehow authorized one transaction. My police report was fully detailed... the money from my car window getting smashed in is something that I had to pay for out of my pocket. Why am i getting punished for someone elses crime??? A Bank is to protect your money ... not be stupid about what they are doing and start playing around with your account. Now im on hold and have been for the last hour trying to get this corrected. Im extremely upset ... and am deffinitly going to be switching banks in the near future... i wouldn't recommend this bank to anyone. They are HORRIBLE

5

Union Bank Also Known As Frontier Bank "Beware Just A New Name Of What FDIC Bailed Out"
1 stars - After5 - Saturday, April 23, 2011 - 2:06 AM

Union Bank  also known as Frontier bank in the northwest committed consumer fraud by changing loan documents and misrepresenting a loan to myself. I had to pay an attorney to get them to correct that was intentional paper switch (addition of cross collateralization) of loan documents.  They also have even continued to make loans to a person of which that committed and admitted to bank fraud of about 1 million dollars in King County Superior Court. Frontier bank was bailed out by the FDIC and now is called Union bank. I recommend you stay away from this bank it is the same bank with the same employees who crippled our economy with their bad lending practices. I would recommend that you invest in banks that have good ethics not Union bank.

5

Please Send Me All Possible Information
3 stars - MakefreeMoney - Saturday, April 2, 2011 - 1:22 AM

kristanmallory@gmail.com is my address and i would like all of the information that you have on banking and the best credit rates.

2