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CSR Press Release

Union Bank Teams with Tesla to Install Orange County's First Supercharger Station at San Juan Capistrano Branch

Located at a Union Bank branch, the powerful charging station allows owners of the Tesla Model S electric sedan to travel for free; First Supercharger between San Diego and Los Angeles

Submitted by: Union Bank

Categories: Corporate Social Responsibility, Renewable & Alternative Energy

Posted: Jun 06, 2014 – 02:00 PM EST

 

SAN JUAN CAPISTRANO, Calif., Jun. 06 /CSRwire/ - Advancing its support for technological innovation and environmental sustainability, Union Bank, N.A., has teamed with Tesla Motors to open Orange County’s first Supercharger station for Tesla’s award-winning Model S electric sedan. The station is located at the Union Bank retail branch in San Juan Capistrano.

Executives from Union Bank and Tesla joined with San Juan Capistrano Mayor Sam Allevato and dozens of Tesla owners for a ribbon-cutting ceremony at the high-tech charging station on May 28, 2014. Superchargers are free to use and can recharge the car’s battery in as little as 20 minutes, allowing Model S owners to continue driving for 265 miles on a single charge. Conveniently located near Interstate 5 on Camino Capistrano, the seven-stall Supercharger station is the first to open between San Diego and Los Angeles.

“Union Bank is proud to work with another forward-looking California business, Tesla Motors, to offer this remarkable service to our customers and members of the general public who have embraced this exciting new means of sustainable transportation,” said Union Bank Senior Vice President Robbin Narike Preciado, the bank’s Regional Executive for Orange County. “Building smart, mutually beneficial relationships are key to the way Union Bank operates, and we welcome the opportunity to stand with Tesla on the leading edge of such groundbreaking green technology.”

Tesla Superchargers allow Model S owners to travel for free between cities along well-traveled highways in North America. The Supercharger is substantially more powerful than any other charging technology in use today, providing up to 120 kilowatts of power and replenishing half a charge in 20 minutes. Supercharger stations are strategically placed to allow owners to drive from station to station with minimal stops.

“Superchargers are an integral part of Tesla’s vision to speed the adoption of sustainable transportation,” said Jeremy Snyder, Tesla’s General Manager for the South West Region. “Union Bank’s San Juan Capistrano branch provides an ideal location to serve Tesla owners traveling between Los Angeles and San Diego. By the time customers do their banking, grab lunch or enjoy a cup of coffee, their cars are charged and ready to go.”

The Supercharger at Union Bank’s branch at 31971 Camino Capistrano joins more than 90 other charging locations in North America. By 2015, Tesla expects its Supercharger network to serve 98 percent of the U.S. population as well as parts of Canada.

About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $107.2 billion at March 31, 2014. Its primary subsidiary, Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 422 branches in California, Washington, Oregon, Texas, Illinois, New York and Georgia, as well as two international offices, as of March 31, 2014. 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. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers. Visit www.unionbank.com for more information.

About Supercharger
Tesla Superchargers allow Model S owners to travel for free between cities along well-traveled highways in North America. The Tesla Supercharger is substantially more powerful than any charging technology to date, providing up to 120 kilowatts of power and replenishing half a charge in twenty minutes. Supercharger stations are strategically placed to allow owners to drive from station to station with minimal stops. Stations are located near amenities like roadside diners, cafes and shopping centers so road trippers can stop for a quick meal and have their Model S charged by the time they’re done.

About Model S
Model S is the world’s first premium sedan built from the ground up as an electric vehicle and has been engineered to elevate the public’s expectations of what a premium sedan can be. At the heart of Model S is the proven Tesla powertrain, delivering both unprecedented range and a thrilling drive experience. With a rigid body structure, nearly 50/50 weight distribution and a remarkably low center of gravity, Model S offers the responsiveness and agility expected from the world’s best sports cars while providing the ride quality of a luxury performance sedan. Model S has received many awards and accolades during its first year on the market, including Motor Trend 2013 Car of the Year©, AUTOMOBILE Magazine 2013 Automobile of the Year, the 2013 Yahoo! AUTOS Car of the Year, TIME’s Best Invention of the Year 2012 and Consumer’s Reports highest score ever given to a car. With the most energy-dense battery pack in the industry and best-in-class aerodynamics, Model S has a range of 265-miles—the longest range of any production electric vehicle in the world. Tesla’s electric motor produces an impressive 443 pound-feet of instant torque, propelling Model S Performance from 0 to 60 in as little as 4.2 seconds. Sitting beneath the floorboard, the revolutionary Tesla powertrain creates a remarkably low center of gravity and delivers a thrilling driving experience. Paired with an aluminum body engineered for superior handling, Model S offers the responsiveness and agility expected from the world’s best sports cars.

More on Tesla
Tesla changed the auto industry in 2008 with the launch of the Tesla Roadster, the world’s first highway-capable electric vehicle. Tesla is furthering its mission to drive down the cost of electric vehicles with Model S, the first mass-produced electric premium sedan.

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Phone: (650) 681-5113

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