- Sep 16, 2013 2013-09-16 15:01:12
Union Bank Corporation is a member of one of the largest financial institutions in the world. Union Bank with headquarter in San Francisco is a financial holding company with assets of $88.2 billion. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 398 retail branches in California, Washington and Oregon. The bank operated commercial branches in Dallas and Houston, Texas, New York, New York and Chicago, Illinois, as well as two international offices. Among the bank's markets are consumer, small business, middle market, real estate, corporate, correspondent, and trade finance.
- Prepayment Penalty And Interest Rate
We were given a Commitment Letter for a Mortgage in April 2007. At which time we asked about the vague language regarding the prepayment penalty and the interest rate. We were told by the Bank that the prepayment penalty was 5 years and that the Bank didn’t have time to prepare the remainder of the closing papers or send further details to us prior to closing on the Loan. At no time did the... Read more ›Was this review helpful? 0 0 2.5