Sacramento, CA (PRWEB) June 18, 2013
The California Medical Association (CMA), the state’s largest physician advocacy group representing more than 37,000 physician members, has announced a strategic alliance with Union Bank, N.A. The bank will serve as the exclusive provider of commercial and consumer banking services for CMA member physicians, medical staff and medical students.
As part of the collaboration, Union Bank has developed a CMA member benefits program with discounted services ranging from business credit and treasury management solutions to business checking, merchant services and payroll processing solutions. Other services offered include fraud reduction, business succession and estate planning, and retirement planning services.
“The services offered by Union Bank will be invaluable to our physician members," said CMA President Paul R. Phinney, M.D. "Many economic aspects of medical practice are in flux, and the stability and financial expertise offered by the Union Bank program will be very helpful for CMA physicians.”
“This partnership comes as a result of Union Bank’s extensive experience in nearly every segment of the health care market,” said Union Bank Executive Vice President Todd Hollander, head of Business Banking. “We are passionate about the medical industry, and our team is uniquely positioned with both a deep understanding of the industry and access to the financial tools needed to improve the operational efficiency of CMA members, staff and students.”
Union Bank’s Business Banking group serves businesses with up to $15 million in annual revenues and offers a variety of products and services for business owners, including deposit solutions, loans, lines of credit, specialized credit programs and online business products.
About the California Medical Association
The California Medical Association, the state’s largest physician advocacy group, is a professional organization representing more than 37,000 physician members in all modes of practice and specialties serving the patients of California. CMA is dedicated to serving our member physicians through a comprehensive program of legislative, legal, regulatory, economic and social advocacy.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $97 billion at March 31, 2013. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 443 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on March 31, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group one of the world's largest financial organizations. Visit http://www.unionbank.com for more information.
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