UnionBanCal Corporation · San Francisco, CA United States
Company Description
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This link will open in a new window Whether you're in NorCal, SoCal, and beyond you can call on UnionBanCal. Its Union Bank subsidiary (formerly Union Bank of California) has some 335 branches in its home state as well as offices in Oregon, Washington, and Asia. UnionBanCal's retail banking segment offers checking and savings accounts, investments, and loans. Wholesale banking services include commercial financing, securities brokerage, investment advice, insurance, and proprietary mutual funds. Subsidiary HighMark Capital Management offers investment management.UnionBanCal also owns the Cash & Save chain of check-cashing stores. The company is a subsidiary of Japan-based financial services giant Mitsubishi UFJ Financial Group . To read the full description, subscribe now.
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Key UnionBanCal Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $3,750.3 |
| Employees | 9,847 |
UnionBanCal Corporation Executives
42 executives listed for UnionBanCal Corporation's San Francisco, CA location.
| Title | Name & Bio | Contact |
| Chairman | Kyota Omori | Network |
| Vice Chairman and CFO, UnionBanCal and Union Bank of California | David Matson | Network |
| Vice Chairman and Chief Risk Officer | John Erickson | Network |
Competition
Competitive Landscape for UnionBanCal Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top UnionBanCal Corporation Competitors
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