MUFG Union Bank, N.A., is pursuing an innovative “place-based initiative” focused on Fresno, California. Union Bank is investing in the community through grants, loans, products, and other support geared toward promoting economic development, expanding affordable housing, strengthening small businesses, and improving educational outcomes.
“This Central Valley city is a compelling blend of need and promise and that is why we selected Fresno,” said Union Bank Managing Director Julius Robinson, head of Corporate Social Responsibility. “In the wake of the economic slowdown, Fresno remains a vibrant community with unique natural resources and engaged civic leaders.”
Throughout this three-year initiative, the bank is collaborating with partners, including Fresno Mayor Ashley Swearengin, the Fresno Area Hispanic Chamber of Commerce, and Valley Small Business Development Corporation. Union Bank’s support in 2013 alone totaled $12.5 million. As part of this initiative, the bank supports:
- The Union Bank Technical Resource and Assistance Center (TRAC), to help businesses grow and become “loan-ready” through one-on-one counseling and technical assistance. Since opening its doors, 112 clients have received one-on-one consulting.
- The Fresno Food Expo, for food growers, processors, and manufacturers who make greater Fresno one of the most productive agricultural regions in the world. Union Bank is the Presenting Sponsor of this public-private partnership that featured 126 locally owned companies in 2014.
- A student-run Union Bank branch at McLane High School. This branch is staffed by student bankers and provides banking services to students, teachers, and parents. To date, 41 students have completed the program and five student bankers work at the bank’s branches.
Congratulations Union Bank!