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Bank
FINANCIAL | Retail Banking
unionbank.com

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Investments

12

Portfolio Exits

7

Partners & Customers

10

About Union Bank

Union Bank, is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices.

Union Bank Headquarter Location

1980 Saturn Street

Monterey Park, California, 91755,

United States

800-652-1062

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Union Bank Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Union Bank Rank

Latest Union Bank News

Buy City Union Bank: target of Rs 180: Sharekhan

Nov 5, 2020

Sharekhan is bullish on City Union Bank recommended buy rating on the stock with a target price of Rs 180 in its research report dated November 02, 2020. Broker Research City Union Bank (CUBK) posted in-line with expectations results; asset quality was largely stable with improving PCR. Margin also improved on a sequential basis. Asset quality improved on a sequential basis, with GNPA at 3.44% and NNPA at 1.81% for H1FY2021, down 65 bps/48 bps from FY2020. Moreover, PCR improved by 200 bps q-o-q to reach 70%. CUBK’s management commentary was encouraging with management indicating better pickup in business volumes and indicated growth to return in Q4 (from Q1FY2022 guided earlier). Outlook CUBK currently trades at 1.8x/1.5x its FY2022E/FY2023E book value, which we believe is reasonable; We recommend Buy on the stock with a PT of Rs. 180. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Union Bank Investments

12 Investments

Union Bank has made 12 investments. Their latest investment was in Nexamp as part of their Line of Credit on March 3, 2021.

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Union Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/8/2021

Line of Credit

Nexamp

$440M

Yes

Undisclosed Investors

1

11/18/2020

Recap

NetMotion

Yes

1

5/13/2020

Line of Credit

Neon

Yes

1

6/28/2018

Line of Credit

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$99M

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10

4/18/2018

Line of Credit

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$99M

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10

Date

3/8/2021

11/18/2020

5/13/2020

6/28/2018

4/18/2018

Round

Line of Credit

Recap

Line of Credit

Line of Credit

Line of Credit

Company

Nexamp

NetMotion

Neon

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Amount

$440M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Undisclosed Investors

Sources

1

1

1

10

10

Union Bank Portfolio Exits

7 Portfolio Exits

Union Bank has 7 portfolio exits. Their latest portfolio exit was NetMotion on May 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/11/2021

Acquired

$991

5

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

5/11/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

5

10

10

10

10

Union Bank Acquisitions

5 Acquisitions

Union Bank acquired 5 companies. Their latest acquisition was GE Capital - Trade Payable Services on January 16, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/16/2019

Acquired Unit

1

10/19/2018

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$99M

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10

11/25/2013

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$99M

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10

12/3/2012

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$99M

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10

5/13/2012

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$99M

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10

Date

1/16/2019

10/19/2018

11/25/2013

12/3/2012

5/13/2012

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired Unit

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Sources

1

10

10

10

10

Union Bank Partners & Customers

10 Partners and customers

Union Bank has 10 strategic partners and customers. Union Bank recently partnered with FIS on January 1, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

1/15/2020

Partner

FIS

United States

Union Bank, FIS partner for core banking platform

In a statement , Union Bank , which is a member of MUFG Americas Holdings , noted that it is in the middle of a banking transformation program , and chose the FIS to co-develop and co-engineer systems that will be part of this strategy .

5

7/17/2019

Vendor

Refinitiv

United Kingdom

UnionBank selects Refinitiv’s Electronic Trading for strengthening market presence

We look forward to deepening our partnership along with UnionBank 's FX digital journal , '' said Luke Elliott , Director of Trading for Asia Pacific at Refinitiv .

1

3/14/2019

Partner

Elavon

United States

Elavon and Union Bank Extend Long-standing Alliance Relationship.

ATLANTA -- -- Elavon , a leading global payments provider , and Union Bank have agreed to extend their multi-year alliance for the third time in their 25-year partnership , which adds a focus on expanding into vertical markets such as healthcare and enhancements to tools and services making it easier for clients to manage and grow their business .

1

1/8/2019

Partner

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10

5/3/2018

Vendor

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10

Date

1/15/2020

7/17/2019

3/14/2019

1/8/2019

5/3/2018

Type

Partner

Vendor

Partner

Partner

Vendor

Business Partner

FIS

Refinitiv

Elavon

Country

United States

United Kingdom

United States

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News Snippet

Union Bank, FIS partner for core banking platform

In a statement , Union Bank , which is a member of MUFG Americas Holdings , noted that it is in the middle of a banking transformation program , and chose the FIS to co-develop and co-engineer systems that will be part of this strategy .

UnionBank selects Refinitiv’s Electronic Trading for strengthening market presence

We look forward to deepening our partnership along with UnionBank 's FX digital journal , '' said Luke Elliott , Director of Trading for Asia Pacific at Refinitiv .

Elavon and Union Bank Extend Long-standing Alliance Relationship.

ATLANTA -- -- Elavon , a leading global payments provider , and Union Bank have agreed to extend their multi-year alliance for the third time in their 25-year partnership , which adds a focus on expanding into vertical markets such as healthcare and enhancements to tools and services making it easier for clients to manage and grow their business .

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Sources

5

1

1

10

10

Union Bank Team

22 Team Members

Union Bank has 22 team members, including current Executive Vice President, Joseph F. Kauffman.

Name

Work History

Title

Status

Joseph F. Kauffman

Executive Vice President

Current

Keith Koo

Senior Vice President

Current

George Tanaka

Managing Director

Current

Ken Lepore

President

Former

Kristin Atkinson

WaterEquity, Cramer, Mango Moving, and BNIM

Chief Financial Officer

Former

Name

Joseph F. Kauffman

Keith Koo

George Tanaka

Ken Lepore

Kristin Atkinson

Work History

WaterEquity, Cramer, Mango Moving, and BNIM

Title

Executive Vice President

Senior Vice President

Managing Director

President

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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