Union Bank of California Launches Online Trust and Custody Service

December 20, 2004 (PLANSPONSOR.com) - Union Bank of California has announced the launch of a proprietary online trust and custody service for institutional and wealth management trust/custody accounts.

The bank claims that this move will provide improvements over the third-party solution previously used, and will allow clients to manage their trust accounts with customized reports and charts regarding their assets.

Users will now be able to view each account they hold individually or as a group, and they can access gain/loss information for both realized and unrealized gains on account information, according to a company press release. They can also view transaction data with historical analysis, access statements on demand and customize reports.

To view an online demonstration of the new feature, visit www.uboc.com/trustandcustody .

Union Bank ( www.uboc.com ) is a subsidiary of UnionBanCal Corporation, a bank holding company based in San Francisco holding $47 billion in assets.