MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 6, 2002 Union Bank Grows a Little UnionBalCal Corporation, parent company of Union Bank of California, has signed an agreement for Union Bank to acquire Valencia Bank in a transaction valued at $62 million. "This is the right strategic move for us," stated Richard Hartnack, vice chairman of Union Bank and head of community banking and investment services. "We continue to strengthen our franchise in a number of ways and this acquisition of Valencia Bank gives us access to the fastest growing market in Los Angeles County." Valencia Bank's customers will be offered a wide range of additional products and services, including mutual funds, trust services, annuities, retail brokerage and treasury services. Printed from: MFWire.com/story.asp?s=3256 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |