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Union Bank Expands In Southeast By Opening Commercial Banking Branch In Atlanta

Stocks in this article: MTU

Union Bank, N.A., has expanded its national outreach in the Southeast by providing an enhanced suite of products and services central to middle market companies and multinational corporations from its centralized branch in the Buckhead financial district of Atlanta. The branch will now accept deposits from commercial customers and will provide corporate treasury services.

Prior to establishing a branch, Union Bank opened an Atlanta office led by Senior Vice President Mark Brown last February and has seen a steady growth in business relationships. The new branch continues an expansion in the bank’s commercial banking national outreach that began with new branches opening in Dallas in 2009, followed by New York in 2011, and Houston and Chicago in 2012.

Union Bank has been lending to corporate customers in the Southeast for more than 25 years, providing a wide range of commercial banking services including treasury management, foreign exchange, interest rate risk management, custody, government services, and corporate and institutional trust, among others. The new commercial branch will provide a complete suite of banking services to companies conducting business in Atlanta and the greater Southeast region, as well as to multi-national corporations.

Union Bank currently employs more than 75 people in metro Atlanta, following its acquisition in 2012 of Norcross-based Smartstreet®, which provides banking services nationwide to homeowners associations (HOA) and community association management companies. Union Bank is among the nation’s leaders in providing lockbox, electronic receivables processing, and other financial services to HOA management companies.

“Atlanta is the base of our commercial business operations in the Southeast and we’re looking forward to providing our clients more personalized services and customized solutions to meet the working capital management and asset servicing needs of their company,” said Ranjana Clark, senior executive vice president and head of Transaction Banking for Union Bank and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) in the Americas.

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