Union Bank, N.A., has been ranked ninth by Hispanic Business Magazine in the publication’s annual listing of the Best Companies for Diversity, up from the twelfth position last year. The selection is determined by more than 30 variables measuring a company’s commitment to diversity and inclusion as it relates to hiring, promotions, marketing, corporate philanthropy and supplier diversity.
Union Bank’s commitment to diversity and inclusion is reflected in the composition of the board of directors of its holding company, UnionBanCal Corporation. UnionBanCal Corporation’s board of directors comprises more than 50 percent women and people of color. Also, more than half of Union Bank’s senior leaders are women or people of color.
Union Bank supports multiple Hispanic chambers of commerce and Hispanic-focused charitable organizations, annually it awards two percent of its after-tax earnings to non-profits through the bank and the Union Bank Foundation to many charitable and community organizations among them: NAACP, Boys & Girls Clubs, Para Los Niños, TELACU, USC Latino Alumni Association, Central American Resource Center, and Hispanic Scholarship Fund. In addition, the bank’s Local Heroes of the Year Awards program – designed to recognize the contributions of community leaders during Hispanic Heritage Month – is in its 14th year in Los Angeles and San Diego.