Union Bank Enhances Corporate Social Responsibility Division with Two New Employee Programs

Wed Sep 9, 2009 10:00am EDT
 
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Initiatives to Encourage and Reward Participation in Community Activities
LOS ANGELES--(Business Wire)--
Responding to a national call to assist its communities through service and
volunteerism, Union Bank, N.A., today unveiled a significant enhancement to its
Corporate Social Responsibility (CSR) division designed to deepen its commitment
to the communities it serves. The centerpieces of the reorganization are two new
initiatives that will encourage and reward employees for their involvement in
community service. 

"Corporate citizenship through employee volunteerism is woven into the fabric of
our bank, which was established more than 145 years ago," said Robert A.
McNeely, executive vice president of the CSR division. "This realignment will
place greater emphasis on promoting and honoring volunteerism among our
employees and within all of the bank`s business units." 

Senior Vice President Julius Robinson, who will succeed McNeely in January 2010
as head of the CSR division, says that now is the right time to unveil these
programs - VolunteerMatch and Volunteer Day - because of the renewed spirit of
service that is evident in the country. "When you look at what happened
post-9/11 - the remarkable acts of volunteerism and assistance to those in need
- and what`s happened since the economic downturn began, it`s clear that we`re
in a new era," said Robinson. "We`ve always been a nation built on service to
others, but I believe the confluence of events over the past several years has
shown us that, as a major employer in one of the largest states in the nation,
it`s vital that we make it as easy as possible for our employees to serve their
communities." 

The following programs will be launched this month: 

VolunteerMatch 

VolunteerMatch is an online database that will link Union Bank employees with
nonprofit organizations near their home or workplace. The program also will help
match employees` interests with the mission of a nonprofit organization.
"VolunteerMatch will allow individuals to support causes they really care about
and, as a bank, help us to give back to each of the communities where we conduct
business," noted Robinson. 

Volunteer Day 

On April 21, 2009, President Obama signed the Generations Invigorating
Volunteerism and Education Act, or GIVE Act (H.R. 1388), which officially
established September 11 as a federally recognized National Day of Service and
Remembrance. Union Bank`s CSR division has been working closely with the bank`s
retail branch employees, as well as other business unit managers, to identify
organizations that qualify for recognition under the guidelines of the federally
mandated Community Reinvestment Act. The initial phase of the program will be
rolled out to branch employees, then companywide. If employees are interested in
volunteering, they will be given up to eight hours of paid time off to assist
various CRA-certified programs and organizations. 

"Many nonprofits could benefit from the banking and financial expertise of our
employees," said Robinson. "Financial literacy and credit counseling are two
fundamental needs in almost every community, for individuals as well as
families, entrepreneurs, and small business owners. Our goal in launching these
new programs is to become a valued partner with regional and local organizations
and to provide a needed service for our communities." 

About UnionBanCal Corporation

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding
company with assets of $74 billion at June 30, 2009. UnionBanCal Corporation is
the 16th largest commercial bank holding company in the U.S. based on assets at
March 31, 2009. 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. Union Bank is
California`s fifth largest bank by deposits at March 31, 2009. The bank has 335
banking offices in California, Oregon, and Washington and two international
offices. 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. (NYSE:MTU). Visit www.unionbank.com for more information. 





Union Bank
Stephen L. Johnson, 415-765-3252
stephen.johnson@unionbank.com
or
Daniel W. Weidman, 213-236-4050
daniel.weidman@unionbank.com

Copyright Business Wire 2009

 

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