This in spite of the fact that the bank was issued a "Cease and Desist" order by the Comptroller of Currency in September 2007 for "failing to maintain an effective anti-money laundering program which resulted in the movement of millions of dollars of suspected proceeds of drug sales" through certain Mexican "casa de cambio accounts without detection or reporting of the suspicious transactions" as required by the Bank Secrecy Act.

Press Release:
UNION BANK PARTICIPATES IN GOVERNOR SCHWARZENEGGER’S BANK ON CALIFORNIA INITIATIVE

Contact:
Joanne Curran
(213) 236-5017
Joanne.Curran@uboc.com

Orith Farago
(714) 582-2300
Orith@OGF-PR.com

LOS ANGELES (January 8, 2009) – As part of its ongoing effort to help people living in underserved communities gain access to banking services, Union Bank, N.A., is participating in Bank on California, a statewide initiative spearheaded by Governor Arnold Schwarzenegger that is designed to increase personal savings and help establish a credit history.

“Union Bank is proud to participate in this important effort to provide unbanked Californians access to financial services that offer lower-cost sources of credit, the ability to establish savings accounts and the opportunity to build a credit history,