Investments
12Portfolio Exits
7Partners & Customers
10About Union Bank
Union Bank is a commercial banking firm. The company provides a range of corporate, commercial, retail banking, and wealth management solutions. It offers investment banking, personal trust, capital markets, global treasury management, transaction banking, and other services. The company was founded in 1864 and is based in New York City, New York. In December 2022, Union Bank was acquired by U.S. Bancorp.
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Latest Union Bank News
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.
Union Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/8/2021 | Line of Credit | Nexamp | $440M | Yes | Undisclosed Investors, and Union Bank | 4 |
11/18/2020 | Recap | NetMotion | Yes | 1 | ||
5/13/2020 | Line of Credit | Neon | Yes | 2 | ||
6/28/2018 | Line of Credit | |||||
4/18/2018 | Line of Credit |
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 | ||
Amount | $440M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | Undisclosed Investors, and Union Bank | ||||
Sources | 4 | 1 | 2 |
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 | 5 | |||
Date | 5/11/2021 | ||||
|---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 |
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 | ||||||
11/25/2013 | ||||||
12/3/2012 | ||||||
5/13/2012 |
Date | 1/16/2019 | 10/19/2018 | 11/25/2013 | 12/3/2012 | 5/13/2012 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 1 |
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, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
1/25/2023 | Vendor | United States | The partnership involves utilizing TCS ' Customer Intelligence & Insights analytics platform to compute lending risk and provide personalized customer experiences to Five Star Bank 's clients and furnishing Five Star 's relationship managers and business customers with appropriate , well-timed insights and alerts . | 1 | |
9/12/2022 | Client | United States | DTI taps Unionbank, Singaporean firm for digital transformation push Meanwhile , the DTI said GLS will serve as the department 's official training and learning partner for workshops and learning sessions of SMEs , which the DTI said will be free of charge . | 1 | |
4/27/2022 | Partner | Philippines | The partnership gives UnionBank an advantage over its competitors as this will also promote trust among customers , knowing that the Bank continues to employ means to safeguard their security ; making clients more at ease to use its innovative and industry-leading digital banking products and services . | 1 | |
8/30/2021 | Partner | ||||
1/15/2020 | Partner |
Date | 1/25/2023 | 9/12/2022 | 4/27/2022 | 8/30/2021 | 1/15/2020 |
|---|---|---|---|---|---|
Type | Vendor | Client | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | Philippines | ||
News Snippet | The partnership involves utilizing TCS ' Customer Intelligence & Insights analytics platform to compute lending risk and provide personalized customer experiences to Five Star Bank 's clients and furnishing Five Star 's relationship managers and business customers with appropriate , well-timed insights and alerts . | DTI taps Unionbank, Singaporean firm for digital transformation push Meanwhile , the DTI said GLS will serve as the department 's official training and learning partner for workshops and learning sessions of SMEs , which the DTI said will be free of charge . | The partnership gives UnionBank an advantage over its competitors as this will also promote trust among customers , knowing that the Bank continues to employ means to safeguard their security ; making clients more at ease to use its innovative and industry-leading digital banking products and services . | ||
Sources | 1 | 1 | 1 |
Union Bank Team
31 Team Members
Union Bank has 31 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Christine Comaford | Planet U, Ziff Davis, Microsoft, and Adobe | Founder | Current |
Name | Christine Comaford | ||||
|---|---|---|---|---|---|
Work History | Planet U, Ziff Davis, Microsoft, and Adobe | ||||
Title | Founder | ||||
Status | Current |
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