BNET Industries
UnionBanCal Corp. (UB) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $3.8B
- Profit
- Dec 31 2007
- $608.0M
- Market Cap
- Aug 27 2008
- $10.2B
Latest News and Analysis
Retailers and Financials Up During the Bear Market
Hickey and Walters Bespoke submit: Financials and Retailers have been some of the worst performing stocks of the bear market that started last October. There are some stocks in these groups that have managed gains in this market, however. Below we highlight Retailers and Financials in the Russell...
UnionBanCal Corp.: Milking Mitsubishi UFJ
Below are some additional thoughts on the latest MUFG-UB offer (these comments were originally posted in response to an article published by Reuters; edited for style/formatting). UnionBanCal's UB Special Committee is very opportunistic and knows what it is doing. It has effectively taken its minority stake hostage vis a...
MUFG Sweetens UnionBanCal Bid to $3.5 Billion
By David Dolan and Yumiko Nishitani TOKYO (Reuters) - Mitsubishi UFJ Financial Group sweetened its bid for full control of UnionBanCal Corp UB by 17 percent to $3.5 billion, clinching a deal nearly four months after first making an offer for the...
Options Trader: Monday Outlook
Phil Davis submits: What a nice weekend! Musharraf is resigning and Russia is actually responding to diplomatic pressure and pulling troops out of Georgia while being villified in the WSJ. On top of that, Mitsubishi MTU upped its bid for Union BanCAl UB to $3.5Bn -- a huge...
Mitsubishi UFJ Now Really Overpaying for UnionBanCal
$58 a share — no! $63 a share — no! $73 a share — oh, sure, might as well, especially in this market. Hats off to Mr. Farman and company for helping the little guys at Union Bank UB get paid. Still scratching your head about what Mitsubishi UFJ MTU...
41 Stocks Returning 10% or More Last Week
Trader Mark submits: This week's list of top performers has high exposure to retail and solar; areas we have been moving into the past few weeks with greater weightings.... but more into solar than retail for the fund. This list continues to show us that "beaten down" merchandise from the...
UnionBanCal: MUFG's Bid Is 'Too Low'
Money Morning submits: By Jennifer Yousfi Mitsubishi UFJ Financial Group’s (NYSE: MTU) $3 billion bid to obtain California’s UnionBanCal Corp. (NYSE: UB) suffered a blow yesterday Thursday when a shareholder advisory committee determined the offer price was too low. by Money Morning
Mitsubishi UFJ Overpaying for UnionBanCal
This is not a bad deal, at all, for existing (non-MUFG) UnionBanCal UB (65.51 +12.60%) shareholders: a decent premium pushing the stock to a new 52-week high, amidst ongoing market woes, not to mention UB’s last quote of $65+, which is above the $63 bid by Mitsubishi UFJ Financial Group...
UnionBanCal Q1 2008 Earnings Call Transcript
UnionBanCal Q1 2008 Earnings Call Transcript
UnionBanCal Corp. Q4 2007 Earnings Call Transcript
UnionBanCal Corp. Q4 2007 Earnings Call Transcript
UnionBanCal Q3 2007 Earnings Call Transcript
UnionBanCal Q3 2007 Earnings Call Transcript
Additional Resources
Mitsubishi UFJ Financial Group and UnionBanCal Corporation Sign Definitive Merger Agreement
MUFG to Offer to Acquire All Publicly Held Shares of UnionBanCal for $73.50 Per Share in Cash TOKYO & SAN FRANCISCO -- Mitsubishi UFJ Financial Group, Inc. ("MUFG") (NYSE: MTU) and UnionBanCal Corporation ("UNBC") (NYSE: UB) today announced that they have signed a definitive merger agreement under which...
Fitch Affirms UnionBanCal's IDR at 'A+'; Support Rtg on Positive Watch
NEW YORK -- Fitch Ratings has affirmed UnionBanCal Corporation's UB long-term and short-term Issuer Default Ratings IDRs at 'A+' and 'F1', respectively. The Rating Outlook is Stable. At the same time, Fitch has placed the Support ratings of UB and its subsidiaries on Rating Watch Positive. These rating actions follow...
UnionBanCal Corporation Announces Quarterly Cash Dividend
SAN FRANCISCO -- UnionBanCal Corporation (NYSE:UB) announced today that it will pay a regular cash dividend of 52 cents per common share for the third quarter of 2008. The dividend rate is unchanged from the prior quarter. The dividend will be paid on October 3, 2008, to shareholders of record...
Kyota Omori Named Chairman of the Board of UnionBanCal Corp. and Union Bank of California
Current Board Chairman Norimichi Kanari to Step Down SAN FRANCISCO -- UnionBanCal Corporation (NYSE: UB) today announced that Kyota Omori will succeed Norimichi Kanari as chairman of the board effective July 23, 2008. Kanari, who has served as chairman of UnionBanCal and its principal subsidiary, Union Bank of...
UnionBanCal Corporation To Release Second Quarter 2008 Earnings and Host Conference Call and Webcast
SAN FRANCISCO -- UnionBanCal Corporation (NYSE:UB) announced today that it would release second quarter 2008 results before the market opens on Monday, July 21, 2008. UnionBanCal management will host a conference call to discuss these results at 8:30 AM Pacific (11:30 AM Eastern) on the same day....
GMAC Financial Services to Promote Financial Literacy for Community Service 2008
GMAC to Participate in 16 Events Across the United States DETROIT, July 1 /PRNewswire/ -- In an effort to provide Americans with a better understanding of money management and financial literacy, GMAC Financial Services is proud to announce its participation in the financial services...
Union Bank of California Announces New Services to Evaluate Retirement Income Potential
Assessment Tool and Personal Consultation Help Individuals Calculate Readiness for Retirement SAN FRANCISCO -- In order to help individuals plan more effectively for retirement -- particularly in a slowing economy -- Union Bank of California's brokerage subsidiary, UnionBanc Investment Services, has introduced a new assessment...
Union Bank of California General Counsel John H. McGuckin to Retire after 27 Years of Distinguished Service
Morris W. Hirsch to Be Named General Counsel SAN FRANCISCO -- UnionBanCal Corporation (NYSE: UB) today announced that Executive Vice President Morris W. Hirsch will succeed Senior Executive Vice President John H. McGuckin, Jr., as general counsel and corporate secretary on July 1, 2008. McGuckin...
UnionBanCal Corporation Announces Quarterly Cash Dividend
SAN FRANCISCO -- UnionBanCal Corporation (NYSE:UB) announced today that it will pay a regular cash dividend of 52 cents per common share for the second quarter of 2008. The dividend will be paid on July 7, 2008, to shareholders of record as of June 6, 2008. UnionBanCal has approximately 138...
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- Incorporated: 1953
- CEO: Mr. Masaaki Tanaka
- Employees: 9,811
UnionBanCal, through its banking subsidiary, Union Bank of California, N.A., provides a range of financial services to consumers, small businesses, middle-market companies and corporations, primarily in California, Oregon and Washington, and nationally and internationally as well. Co.'s operations are divided into two primary segments: the Retail Banking, which provides its customers a range of financial products; and the Wholesale Banking, which provides a variety of commercial financial services. As of Dec 31 2007, Co. had total assets of $55.73 billion and total deposits of $42.68 billion.
Key Competitors
UnionBanCal Corp. Company Info
Board of Directors
Mr. Kyota Omori
Chairman
Mr. Richard D. Farman
Ms. Christine Garvey
Mr. Michael J. Gillfillan
Mr. Mohan S. Gyani
Mr. Ronald L. Havner Jr.
Dr. Mary S. Metz Ph.D.
Mr. Shigemitsu Miki
Mr. J. Fernando Niebla
Ms. Barbara L. Rambo
Mr. Masaaki Tanaka
Mr. Philip B. Flynn
Vice-Chairman
Mr. Dean A. Yoost
Mr. David I. Matson
Vice-Chairman
Mr. Kyota Omori
Ms. Aida M. Alvarez
Mr. David R. Andrews
Mr. Nicholas B. Binkley
Governor L. Dale Crandall CPA
Mr. Murray H. Dashe
Contact Information
400 California Street
San Francisco, CA
415 765-2969
NAICS Code
Commercial Banking: 522110Brought to you by IBM
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