Union Bank Named 2014 Corporation of the Year for Outstanding Growth by the Council for Supplier Diversity

SAN DIEGO, CA (Oct. 2, 2014) – MUFG Union Bank, N.A., announced today that it has received the 2014 Corporation of the Year for Outstanding Growth by the Council for Supplier Diversity headquartered in San Diego. The award recognizes a corporation that has demonstrated superior performance in supplier diversity by achieving outstanding growth in diversity spending over the past three years.

During the past three years, Union Bank increased its spending with diverse businesses by more than 36 percent (from $124 million in 2011 to $168 million in 2013). Diverse businesses include minority-owned, women-owned and service disabled veteran-owned businesses.

“We’re honored to receive this recognition for our efforts to support supplier diversity,” said Union Bank Director of Supplier Diversity & Development Richard Chacon. “In the last three years, we made a dedicated effort to increase our spending with diverse businesses because it supports the communities we serve.”

Union Bank also underwrites and coordinates many programs supporting diverse businesses, such as statewide Cybercrime Workshops, Construction Training Workshops, Small Business Education and Technical Assistance scholarships to attend the UCLA Anderson’s Management Development Program, and Supplier Diversity Boot Camp Training events held in conjunction with the Latin Business Association.

“Union Bank’s commitment to results and growth in diverse supplier purchasing activity has made a positive impact,” said Council for Supplier Diversity President Ron Garnett. “For more than ten years, the Council has held an awards ceremony to honor companies like Union Bank because we think it’s important to recognize and celebrate corporations that are investing in their communities and helping underserved businesses grow.”

In 2013, Union Bank won the President’s Award from the Council. Chacon also won the Council’s Advocate of the Year Award in 2013.

In addition to its outstanding supplier diversity program, Union Bank’s long standing commitment to diversity and inclusion is illustrated in numerous practices, programs, products and services, such as its nearly 20-year Local Heroes Awards, which celebrates cultural diversity; community partnerships; a diverse and highly engaged workforce in which more than half of its employees are people of color and more than 60 percent women; and a strong commitment to community development finance and diverse business lending. The bank’s corporate board of directors is also more than 50 percent women and people of color.

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, retail banking and wealth management solutions to meet the needs of customers. The bank also offers an extensive portfolio of value-added solutions for customers, including investment banking, personal trust, capital markets, global treasury management, transaction banking and other services. With assets of $108.8 billion (USD), as of June 30, 2014, the 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 ¥259 trillion (JPY) or $2.5 trillion (USD)1, as of June 30, 2014. MUFG Americas Holdings Corporation, the financial holding company and MUFG Union Bank, N.A. have corporate headquarters in New York City.

1 Exchange rate of USD=¥101.36 (J-GAAP) as of June 30, 2014

About Council for Supplier Diversity

The Council for Supplier Diversity was established in 1999 and is a 501 (c) 3 nonprofit organization. Our mission is to use the disciplines of Supplier Diversity initiatives as an engine for economic development in under represented communities. We are dedicated to expanding business opportunities for women, minority and service disabled veteran business enterprises. The ultimate outcome is to add economic value to the supply chain while increasing economic opportunities for the diverse business community. We believe that diverse business development is a key component of reducing poverty, lowering unemployment, increasing wealth, and integrating American society. Headquartered in San Diego, California, the Council has developed a reputation as an innovative leader in supplier diversity support and economic development strategy for diverse populations.