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1.5 star rating based on 5 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 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

Union Bank: MM 1.00% APY Guaranteed Until 8/15/2012 (Forum) - 7/14/2011

Union Bank branches in Oregon and Washington only are offering a money market account yielding 1.00% guaranteed through August 15, 2012, so long as the account is opened before August 15, 2011.  An additional checking account is required ($100 minimu

$100 Checking Account Bonus at Union Bank in Select California Branches - 1/4/2011

Union Bank is again offering a checking account bonus that's targeted to the Japanese community. A few readers reported problems at some branches with a similar promotion in September. In this new off ...

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: 2/10/2012

Data for Q3 2011


Institution Statistics


Union Bank, National Association
FDIC Certificate #22826
BankRate ReportView
Year Established1979
Employees10569
Primary RegulatorOCC

Assets and Liabilities

Assets$83.54 billion
Loans$49.77 billion
Deposits$60.79 billion
Equity Capital$10.59 billion
Loan Loss Allowance$757.30 million
Unbacked Noncurrent Loans$934.48 million
Real Estate Owned$145.32 million

Historic Data - September 2010

Assets$79.36 billion
Equity Capital$9.81 billion
Loan Loss Allowance$1.25 billion
Unbacked Noncurrent Loans$1.64 billion
Real Estate Owned$190.54 million

Profit Margin - Quarterly

Net Interest Margin3.45%
Return on Assets1.1%
Return on Equity8.65%
Interest Income$2.10 billion

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 Union Bank of California had $1.08 billion in non-current loans and owned real-estate with $11.35 billion in equity and loan loss allowances on hand to cover it. This gives Union Bank of California a Texas Ratio of 9.51% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Union Bank of California decreased significantly from 16.58% as of September 30, 2010 to 9.51% as of September 30, 2011, resulting in a positive change of 42.63%.This indicates that the balance sheet and financial strength for Union Bank of California has improved significantly in recent periods.
Deposit Growth2
In the past year, Union Bank of California has decreased its total deposits by -$1.09 billion, resulting in -1.77% 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 below average.
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 $83.54 billion in assets with $11.35 billion in equity, resulting in a capitalization level of 13.59%, which is excellent.
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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. 

8

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.

6

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.

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.

4

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.

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Anonymous - January 23, 2012
$250 is less than $600, so I doubt that they'd send a 1099-MISC.