Edition: April 2004



 Local Lender$

 By Richard Acello



Union Bank of California Details

Union Bank of California
400 California St., 13th floor
San Francisco, CA 94104-1302

San Diego Main Office
1201 Fifth Ave.
San Diego, CA 92101

Senior V.P./Manager San Diego main office: Ed Fahlen, 55

Date opened for business: Union Bank’s modern history began in November of 1988, when California First Bank acquired Union Bank from Standard Chartered PLC of London. On April 1, 1996, Union Bank and The Bank of California merged. San Diego main office was once the site of Orpheus Theater, and office dates to “early ’60s.”

  • Assets as of latest quarter: $42.6 billion

  • ROA: 1.44 percent

  • Core capital as percentage of assets: 14.41 percent

  • Provision for loan losses: $532.9 million

  • Plant the flag: 284 full-service domestic branches and 21 overseas offices. Ninety-four branches in San Diego, Imperial, San Bernardino and Riverside counties.

  • Employment: 9,859 employees. About 1,200 in San Diego, Imperial, San Bernardino and Riverside counties.

  • San Diegans in High Places: Of the bank’s senior management, San Diegan Ron Kendrick is executive v.p. community banking and investment services group.

  • Key personnel: Joseph Benoit, market president, has responsibility for San Diego, Imperial, San Bernardino and Riverside counties.

  • Niche or target customer: UBOC provides a comprehensive array of personal and commercial financial products and services to consumers, businesses and government agencies.has responsibility for San Diego, Imperial, San Bernardino and Riverside county.

Story Comments

No comments on record for this story.

Post feedback on this story
This is a public form for the free exchange of comments. Foul language, threats and anything overtly mean or nasty will be removed.
Name (required)
Email (will NOT be displayed)
Email me whenever this thread is updated.
Message (required)