David A. Anderson Appointed UBOC Controller.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 27, 1997--Union Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. , N.A., Monday announced the appointment of David A. Anderson as senior vice president and controller. Anderson will oversee the development of accounting policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental for the bank. He will also manage general accounting, GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). and regulatory reporting, finance systems, and operational functions such as accounts payable and payroll. Anderson worked for the former Union Bank from 1978 to 1990, and served as chief financial officer for three previous employers, most recently with Southern Pacific Thrift and Loan in Los Angeles. Anderson will report to Executive Vice President David Matson, UBOC's director of finance. ``Anderson is an extremely capable addition to our team, and I am excited about the opportunities we have to contribute to our growing company,'' said Matson. The San Francisco-based UnionBanCal Corp. (Nasdaq/NM:UNBC UNBC University of Northern British Columbia ) is the holding company for Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , the third-largest commercial bank in California, with more than $30.3 billion in assets. It has more than 237 branches in California, five in Oregon and Washington, and 18 international offices located along the Pacific Rim. CONTACT: Union Bank of California Stephen Johnson, 415/705-7393 Andrew Porterfield, 213/236-4145 |
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