Union Bank Completes Acquisition of PB Capital Corporation’s Commercial Real Estate Portfolio

  Union Bank Completes Acquisition of PB Capital Corporation’s Commercial Real
  Estate Portfolio

Business Wire

SAN FRANCISCO -- June 24, 2013

Union Bank, N.A. today announced that it has completed the acquisition of PB
Capital Corporation’s institutional commercial real estate (CRE) lending
division. The acquisition, which was announced on April 7, 2013, expands Union
Bank’s CRE presence in the U.S. and provides geographic and asset class
diversification.

Union Bank’s Real Estate Industries Group will manage from New York City the
approximately $3.5 billion in loans outstanding on properties in major
metropolitan areas across the U.S. that were previously held by PB Capital’s
CRE lending division. As part of the acquisition, and to facilitate Union
Bank’s growth strategies, senior management and 20 key staff have transitioned
from PB Capital to Union Bank. PB Capital Corporation is a wholly-owned
subsidiary of Deutsche Bank AG.

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding
company with assets of $97 billion at March 31, 2013. Its primary subsidiary,
Union Bank, N.A., is a full-service commercial bank providing an array of
financial services to individuals, small businesses, middle-market companies,
and major corporations. The bank operated 443 branches in California,
Washington, Oregon, Texas, Illinois, and New York as well as two international
offices, on March 31, 2013. UnionBanCal Corporation is a wholly-owned
subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of
Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the
Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest
financial organizations. Visit http://www.unionbank.com for more information.

Cautionary Statement Concerning Forward-Looking Information

This document includes forward-looking statements that involve risks and
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meaning, or future or conditional verbs such as “will,” “would,” “should,”
“could,” or “may.” There are numerous risks and uncertainties that could and
will cause actual results to differ materially from those discussed in UNBC’s
forward-looking statements. Many of these factors are beyond UNBC’s ability to
control or predict and could have a material adverse effect on UNBC’s
financial condition, results of operations and/or prospects. Such risks and
uncertainties include, but are not limited to uncertainties as to UNBC’s
ability to retain key employees and clients and other risks and uncertainties
discussed in UNBC’s public filings with the SEC. All forward-looking
statements included in this document are based on information available at the
time of such document, and UNBC assumes no obligation to update any
forward-looking statement.

Contact:

Union Bank
Joanne Curran, 213-236-5017
Joanne.curran@unionbank.com
 
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