Can Corporate Sustainability & Economic Growth Coexist?
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Submitted by: Union Bank
Posted: Nov 15, 2012 – 05:51 PM EST
Union Bank, N.A., today announced a comprehensive effort to aid victims of Hurricane Sandy and support rebuilding efforts on the East Coast through a $100,000 donation from the Union Bank Foundation, as well as personal donations from hundreds of Union Bank employees. The Union Bank Foundation donation is part of a $500,000 overall commitment from Mitsubishi UFJ Financial Group member companies in the wake of Hurricane Sandy. The $100,000 will be allocated to following organizations:
Union Bank Employee Support
To date, Union Bank employees have personally donated or pledged more than $27,500 for storm relief and recovery efforts. The bank’s support also includes matching personal contributions from employees through its Union Bank Giving Back Matching Gift program. The Union Bank Foundation will match nonprofit gifts at 66-2/3 cents to the dollar up to $2,500 per employee, per year. The contributions, which continue to grow daily, will benefit the American Red Cross and other nonprofit organizations.
“The Union Bank Foundation’s decision to support these four organizations is rooted in its belief that local nonprofits are often in the best position to assess needs and quickly deliver funding to those with the most challenging circumstances,” said Union Bank Foundation President and Chief Operating Officer Carl A. Ballton. “In addition, each organization’s post-Sandy relief and recovery efforts are focused on either housing assistance, community economic development or small business lending, all of which are aligned with the Union Bank Foundation’s mission.”
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $88.2 billion at September 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on September 30, 2012. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit http://www.unionbank.com for more information.
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