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Union Bank Of California

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Union Bank Of California Sells Insurance Unit to BB&T: Union Bank of California has fared much better than many larger banks in the face of a souring mortgage market, but that hasn't kept it from taking a more cautious approach. So it's selling its insurance subsidiary, Union Bank Insurance Services, to BB&T Insurance of Raleigh, N.C. ...; Tags: Bank, Insurance, Union Bank Of California, Financial Services, Mortgages, Finance, Capital Structures, Kevin Kelleher; Blog posts 2008-04-23

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Fitch Rtes San Francisco Airport Comm. $140.62MM Var. Rate Revs Issue 36A & 36B: NEW YORK -- Fitch Ratings has assigned a rating of 'AAA/F1+' to the $100,000,000 Airport Commission the Commission, City and County of San Francisco, California, San Francisco International Airport, second series variable rate revenue refunding bonds, issue 36A, and a rating of 'AA/F1' to the Commission's $40,620,000 second series, issue...; Articles 2008-05-12
Phillips Edison Completes $208M Credit Facility: Bank of America Lead Arranger on Facility that can be increased to $500 Million CINCINNATI, May 12 /PRNewswire/ -- Phillips Edison & Company today announced that it has completed a $208 million secured revolving credit facility. Banc of America Securities is the Lead Arranger and Bank of...; Articles 2008-05-12
Fitch Downgrades CPCFA Revs 2000A to 'A+/ F1': NEW YORK -- On the effective date of May 14, 2008, Fitch Ratings will downgrade the rating assigned to the $2,620,000 (original principal amount, currently $2,345,000 in aggregate principal amount outstanding) California Pollution Control Financing Authority, Variable Rate Demand Solid Waste Disposal Revenue Bonds (Solid Wastes of Willits, Inc. Project),...; Articles 2008-05-08
Fitch Rates California Pollution Control Fin Auth 2008A VRDBs 'A+/F1': NEW YORK -- Fitch Ratings assigns a rating of 'A+/F1' to the $3,870,000 California Pollution Control Financing Authority, variable rate demand solid waste disposal revenue bonds (Solid Wastes of Willits, Inc. Project) series 2008A. The rating is based on the support of Union Bank of California, N.A. Bank, in the...; Articles 2008-05-08

PNM Obtains Commitments for $400 Million Short-Term Credit Facilities, Power from Palo Verde 3 to Be Sold: Power-Sale Agreements Include Pre-Payment Terms ALBUQUERQUE, N.M. -- PNM Resources (NYSE: PNM) today announced its New Mexico utility, PNM, has entered into separate binding commitments for credit facilities totaling $400 million. Merrill Lynch & Co., Inc., Morgan Stanley and Wachovia have committed to a 364-day, fully...; Articles 2008-05-01
HighMark International Fund Earns Lipper Award for Five-Year Performance: SAN FRANCISCO -- The HighMark International Opportunities Fund, Class M, has been awarded the 2008 Lipper Fund Award for the Best International Multi-Cap Core Fund for performance during the past five years. The Fund was ranked number one of 195 international multi-cap core funds based on the Lipper Ratings for...; Articles 2008-05-01
ARMSTRONG/ROBITAILLE/RIEGLE Opens Orange County Office: "New" Independent Insurance Agency Building On Quarter Century Of Success ORANGE, Calif. -- Insurance professionals Fred Armstrong and Frank Robitaille, both CPCUs Chartered Property Casualty Underwriters and the former heads of Armstrong/Robitaille, one of the Top 100 brokerages in the United States, have taken on Laurie Riegle, CEBS...; Articles 2008-04-30
David Benkert Elected Chairman of HighMark Funds Board of Trustees: Evelyn S. Dilsaver and Earle A. Malm Also Join Board SAN FRANCISCO -- David Benkert, a director with Navigant Consulting in Los Angeles, has been elected chairman of HighMark Funds board of trustees. Evelyn S. Dilsaver, former president and chief executive officer of Charles Schwab Investment Management, Inc.,...; Articles 2008-04-30
James P. Kelley Named to Head Sales and Marketing at First Business Bank: SAN DIEGO, April 30 /PRNewswire-FirstCall/ -- First Business Bank (BULLETIN BOARD: FBBN.OB) has announced that James P. Kelley has been hired as Senior Vice President and Business Banking Manager, responsible for the bank's sales and marketing activities. Kelley was most recently President and Chief Executive...; Articles 2008-04-30
Fitch Rates California Pollution Control Fin Auth 2008A VRDBs 'A+/F1': NEW YORK -- Fitch Ratings assigns a rating of 'A+/F1' to the $7,830,000 California Pollution Control Financing Authority, variable rate demand solid waste disposal revenue bonds (Yulupa Investments, LLC Project) Series 2008A. The rating is based on the support of Union Bank of California, N.A. Bank, in the form of...; Articles 2008-04-23
Textainer Group Holdings Limited Announces New Five-Year Credit Agreement: HAMILTON, Bermuda -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer" or the "Company"), the world's largest lessor of intermodal containers based on fleet size, today announced that Textainer Limited, which is a wholly-owned subsidiary of the Company, entered into a $205 million, five-year revolving credit agreement with a group of financial...; Articles 2008-04-23
BB&T Insurance Services to acquire Union Bank Of California insurance brokerage arm: RALEIGH, N.C. and SAN DIEGO, April 23 /PRNewswire-FirstCall/ -- Raleigh, N.C.-based BB&T Insurance Services today said it has reached an agreement with Union Bank of California, N.A., to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T Corporation's insurance operation in...; Articles 2008-04-23
Union Bank Of California Expands Services to Affluent Consumers and Small Business Owners: Bank Opening 35 New Priority Banking Offices Throughout the State to Serve Growing Market SAN FRANCISCO -- In its most significant expansion of services to affluent consumers and small business owners to date, Union Bank of California, N.A. is opening 35 new Priority Banking offices in 2008. Located...; Articles 2008-04-16
Venture West Funding Arranges $11.5 Million Loan on Chatsworth, CA Apartment Building: EL SEGUNDO, Calif. -- Southern California-based Venture West Funding, Inc. announced it has arranged an $11.5 million refinance loan on an 80-unit apartment building in Chatsworth, CA. Matt Douglas of Venture West Funding arranged the financing through Union Bank for a Southern California-based real estate investor. According to...; Articles 2008-04-15
Democratic state Assembly hopefuls ready to debate: The three Democratic candidates to succeed Gene Mullin, D-South San Francisco, in the state Assembly will face off in a Tuesday debate. The San Mateo event, sponsored by the Beresford/Hillsdale Neighborhood Association, is intended to give voters a feel for the candidates' stances on key local...; Articles 2008-04-13
Union Bank Of California hires Calhoun as sr. VP of its Seattle,: Union Bank of California has hired John Calhoun as senior vice president of its Seattle, Tacoma and Portland offices. Calhoun is also the regional director for the Pacific Northwest personal trust business. Prior to joining Union Bank, he managed high net worth business at Charles Schwab &...; Articles 2008-04-02
Venture West Funding Arranges $12.355 Million Loan on Four Apartment Buildings: EL SEGUNDO, Calif. -- Southern California-based Venture West Funding, Inc. announced it has arranged refinance loans totaling $12.355 million on four well-located Southern California apartment buildings. Matt Douglas of Venture West Funding arranged the financing through Union Bank and Luther Burbank Savings for a Northern California-based apartment investor. The four...; Articles 2008-04-02
Fitch Rtes CA Pollution Control Fin Auth 2008A VRDBs 'A+/F1': NEW YORK -- Fitch Ratings assigns a rating of 'A+/F1' to the $16,615,000 California Pollution Control Financing Authority, variable rate demand solid waste disposal revenue bonds (South Tahoe Refuse Co. Project) series 2008A. The rating is based on the support of Union Bank of California, N.A. the bank, in the...; Articles 2008-04-01
Union Bank Builds Pacific Northwest Wealth Management Team With Addition of Two Senior Vice Presidents: SEATTLE -- To further its commitment of serving the Pacific Northwest, Union Bank of California, N.A. is adding senior vice presidents John Calhoun and Chris Merrywell to its wealth management group. As regional director for the Pacific Northwest personal trust business, Calhoun will be responsible for managing and...; Articles 2008-03-27

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