Union Bank Expands Nationwide with New Suite of Cash Management Products.

LOS ANGELES -- Union Bank of California is launching a new and enhanced suite of cash management products to expand its coverage nationwide. The new product line, featuring new remote deposit capabilities and enhanced wholesale lockbox and cash vault networks, strengthens the bank's national presence and processing capabilities.

"Union Bank is committed to providing quality cash management products that meet existing and future customer requirements across the country. The integrated delivery of quality cash management products gives our customers the ability to consolidate their banking relationships, faster access to funds, and timely information reporting," said Alok Ahuja, senior vice president and head of product management and development.

The new remote deposit is a fully Web-based application that allows business clients to scan and electronically submit all of their deposits from their office to Union Bank from anywhere in the country. Business clients will improve cash flow by eliminating courier expenses or trips to the bank. In addition, the remote deposit application is ideal for business clients who have multiple offices across the country to consolidate their banking relationships with Union Bank and handle cash management transactions electronically without leaving the office.

The expanded national wholesale lockbox network includes sites in the country's top processing cities: Los Angeles, San Francisco, Portland, Seattle, Chicago, Philadelphia, Boston, Atlanta, and Dallas. Users will have faster access to funds and same day payment information reporting. In addition, the wholesale lockbox network is a fully integrated on-line system that allows treasury management functions in a secure Web environment.

The cash vault network expansion allows commercial clients to deposit cash and place change orders at 110 new locations of the Bank's network. In addition, these locations are capable of electronically processing cash and check deposits. Business clients will benefit from simplified procedures, same day posting of deposits and a single point of contact for orders regardless of fulfillment location. Deposits and change orders can be posted to a single account for simplified reconciliation.

"We understand the needs of our business clients and the new and enhanced suite of cash management products is just one example of the bank's national processing capabilities and commitment to support our clients across the country," said JoAnn Bourne, executive vice president of commercial deposits and treasury management.

Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with assets of $52 billion at September 30, 2006. Its primary subsidiary, Union Bank of California, N.A., had 320 banking offices in California, Oregon and Washington, and 2 international offices at September 30, 2006. The company's Web site is located at www.unionbank.com.