Union Bank to Donate Funds for Northern California Fire Relief Efforts
PR Newswire 13-Oct-2017 5:00 PM
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), 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
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SOURCE Union Bank