Sam Vichattu brings more than 12 years of financial services experience, which includes expertise in commercial real estate finance, SBA lending, market development, and financial analysis. He is based in San Jose, Calif., and will cover the San Francisco Bay Area market. Vichattu is a licensed real estate agent and holds a degree in Business Administration from De Anza College.About the Union Bank Small Business Administration group The Small Business Administration group serves businesses that fall within the U.S. Small Business Administration guidelines. It offers an array of products and services for businesses and their owners, including deposit solutions, loans, lines of credit, specialized credit programs, and online business products. The team serves clients throughout the bank's footprint across California, Oregon, and Washington. Union Bank Small Business Economic Survey In February 2017, Union Bank published the results of its 18 th annual Small Business Economic survey. Union Bank conducted the survey from Dec. 12, 2016 to Jan. 3, 2017, compiling results from nearly 700 small business owners in California, Oregon, and Washington. Overall, 53 percent of respondents said the national economy is headed in the right direction, a significant reversal from January 2016 when a majority (58%) believed the economy was headed in the wrong direction. More than half of respondents (57%) also said they believe the economic outlook at the state and local levels has improved versus 49 percent in January 2016. However, 62 percent of survey participants said the United States, as an entity, is headed in the wrong direction. This reflects a 5 percentage point increase from January 2016. For more information about the survey, please visit https://www.unionbank.com/global/about/newsroom/press-releases/union-bank-small-business-economic-survey.jsp. The above survey is for informational purposes only. The findings are based on surveys of small businesses, and the information is not a guarantee of actual or future performance.
Union Bank third party vendors are separate legal entities that are not affiliated with each other in any way by common ownership, management, control, or otherwise. The content, availability, and processing accuracy of their websites and products are the responsibility of each respective company. Union Bank makes no representations or warranties as to the suitability, accuracy, completeness or timeliness of the information provided, including any information provided by third parties. Clients should consult their own legal and/or tax advisors.About the Survey Union Bank, working with its survey partner (MaritzCX), surveyed 693 respondents (591 in California and 102 in the Pacific Northwest) online from Dec. 12, 2016 to Jan. 3, 2017. The small business respondents were screened to ensure that they have been in operation for a minimum of two years with owners over the age of 25. The small businesses were defined for the survey as having $15 million or less in annual sales. The margin of error for the full sample is +/-4 percentage points. For the various regions, the margins of error are as follows: Southern California +/-4%, Northern California +/-7%, and Pacific Northwest +/-10%. 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 $115.6 billion, as of December 31, 2016, 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 ¥302.1 trillion (JPY) or $2.6 trillion (USD)¹, as of December 31, 2016. 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=¥116.49 (JPY) as of December 31, 2016©2017 MUFG Union Bank, N.A. All rights reserved. Member FDIC.Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A.