Orange County Medical Association Selects MUFG Union Bank as Business Partner
Orange County, CA (PRWEB) September 17, 2014 -- The Orange County Medical Association (OCMA) has selected MUFG Union Bank, N.A., as a strategic partner to provide exclusive commercial and consumer banking services for OCMA member physicians and medical staff.
As part of the collaboration, Union Bank will provide OCMA members with financial services such as business credit and treasury management solutions, business checking, merchant services and payroll processing. Other services include fraud reduction, remote deposit, business succession and estate planning, and retirement investment management guidance and oversight from financial experts within its Private Bank group.
“We trust that Union Bank will provide OCMA members with exceptional service in managing the business banking needs of their medical practice, so that our physicians can focus on the health and wellness of their patients,” said OCMA President, Sudeep Kukreja, MD.
“We are excited about our partnership with the Orange County Medical Association, which further strengthens our collaboration with the California Medical Association,” said Union Bank Managing Director and Head of Business Banking Todd Hollander. “We remain passionate about the medical industry, and our team is uniquely positioned with a deep understanding of the industry and access to the financial tools needed to enhance efficiencies of OCMA members.”
The Private Bank is an exclusive unit of Union Bank dedicated to the financial needs of high net worth individuals, non-profit organizations, business owners, corporate executives, and professional service firms. The Private Bank is built around teams of wealth management professionals who provide consultative relationships focused on enabling clients to reach their unique goals and dreams.
Union Bank’s Business Banking group serves the needs of a broad range of businesses of varying sizes, with profiles of 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 Orange County Medical Association
The Orange County Medical Association (OCMA) is a non-profit voluntary physician member organization designed to promote the art and science of medicine, the protection of public health, and the betterment of the medical profession. OCMA is a county component of the California Medical Association (CMA).
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, 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
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Maria Powley, Union Bank, http://www.unionbank.com, +1 (213) 236-4146, [email protected]
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