OAKLAND, Calif.--(BUSINESS WIRE)--United Business Bank is the new name of United Labor Bank. The name change was announced today by First ULB Corp. [OTCBB symbol “FUBP”], the parent of the newly renamed United Business Bank.
Malcolm F. Hotchkiss, President and CEO of First ULB Corp., and CEO of United Business Bank stated, “The new bank name reflects the natural evolution of our franchise and our increased focus on providing banking services to small and medium sized businesses. We will continue to honor our labor union heritage and provide services to unions and their members.”
United Business Bank had assets of $353.6 million and deposits of $313.6 million as of September 30, 2014. It has a deposit franchise consisting of nine full service banking offices, four offices located in Northern California, three in Southern California, plus individual offices in Seattle and Albuquerque.
About First ULB Corp. and United Business Bank
First ULB Corp. is the corporate parent of United Business Bank.
For additional information about First ULB Corp. and United Business Bank please visit our Web site at www.unitedbusinessbank.com.
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