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Press release from Business Wire

John Itokazu to Join Union Bank as Chief Information and Operations Officer

Tuesday, June 21, 2011

John Itokazu to Join Union Bank as Chief Information and Operations Officer14:00 EDT Tuesday, June 21, 2011 SAN FRANCISCO (Business Wire) -- Banking technology industry leader John T. Itokazu will join Union Bank, N.A. as Chief Information and Operations Officer. Itokazu will lead the company's technology and operation groups with responsibility for central and distributed computing systems, information technology planning and engineering, data processing, telecommunications, security and contingency planning, and operations and customer service. He also will serve on the company's executive management committee. John Itokazu (Photo: Business Wire) Previously, Itokazu spent more than 30 years at Zions Bancorporation in Utah, most recently as Chief Information and Operations Officer where he led over 1,700 employees and drove the successful integration of numerous banks onto a common banking platform. He also led treasury management services to deliver products and services for the company's treasury business. Prior to this, he headed bank operations and developed processes for improving the performance of daily operations, creating efficiency and more predictable results. In addition, he directed the activities of the installation and conversion of the company's deposit, savings, time, and account analysis systems. Itokazu also ran the retail operations for Zions Bank branch banking. Itokazu holds a bachelor's degree in business administration. He will be based in Monterey Park, California and will report to President and Chief Executive Officer Masashi Oka. “John was an impressive technology leader at Zions, re-engineering a host of complex operations and integrating incompatible systems across sectors,” said Oka. “He led his organization through these significant changes with an engaging vision, an understanding of what customers need, and a command of the tools to deliver solutions that work. His level of accomplishment is exactly what Union Bank needs to advance our systems and support the bank's growth across North America,” he said. About UnionBanCal Corporation & Union Bank, N.A. Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80.6 billion at March 31, 2011. 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 401 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on March 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6767256&lang=en Union BankTom Taggart, 415-765-2249Thomas.taggart@unionbank.comorJoanne Curran, 213-236-5017Joanne.curran@unionbank.com