SAN FRANCISCO, Oct. 13, 2017 /PRNewswire/ -- Union Bank today
announced that the MUFG Union Bank Foundation will donate
$110,000 to organizations providing
disaster relief support to impacted communities in Northern California. The organizations that
will receive donations include The Community Foundation Sonoma
County – Sonoma County Relief Fund, Napa Valley Community
Foundation – Disaster Relief Fund, and The American Red Cross
California Northwest Chapter. The Foundation will also provide
funding to one organization (to be named) supporting the needs of
firefighters who have been on the front lines battling the fires.
"Our thoughts and prayers are with all the communities that have
been impacted by these devastating fires," said Julius Robinson, head of Corporate Social
Responsibility for the Americas. "We hope our donations will
encourage others to join us in assisting those who have been
affected."
In September, the bank established an Employee Relief Fund to
assist its employees who have been affected by the recent
hurricanes and funding will also be available for those employees
impacted by the California fires.
These dollars will assist employees whose losses or expenses are
not covered by insurance or federal dollars.
The MUFG Union Bank Foundation ("The Foundation") is a nonprofit
public benefit corporation that serves as an agent for charitable
contributions made by MUFG Union Bank, N.A. Since its creation in
1953, The Foundation has supported the bank's commitment to help
meet the needs of the communities that it serves. Its mission is to
make philanthropic investments that expand access to economic
opportunity in low- and moderate-income communities especially in
the areas of affordable housing, community economic development,
education, human services, and the environment.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices
across the United States. We provide a wide spectrum of
corporate, commercial and retail banking and wealth management
solutions to meet the needs of customers. We also offer an
extensive portfolio of value-added solutions for customers,
including investment banking, personal and corporate trust, global
custody, transaction banking, capital markets, and other
services. With assets of $116.7
billion, as of June 30, 2017,
MUFG Union Bank has strong capital reserves, credit ratings and
capital ratios relative to peer banks. MUFG Union Bank is a
proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one
of the world's largest financial organizations with total assets of
approximately ¥304.2 trillion (JPY) or $2.7
trillion (USD)¹, as of June 30,
2017. The corporate headquarters (principal executive
office) for MUFG Americas Holdings Corporation, which is the
financial holding company and MUFG Union Bank, is in New York City. The main banking office of MUFG
Union Bank is in San Francisco,
California.
1 Exchange rate of 1
USD=¥112.0 (JPY) as of June 30,
2017
View original content with
multimedia:http://www.prnewswire.com/news-releases/union-bank-to-donate-funds-for-northern-california-fire-relief-efforts-300536645.html
SOURCE Union Bank