HOUSTON, Aug. 31, 2017 /PRNewswire/ -- MUFG today announced it will donate $100,000 to provide disaster relief and support the recovery efforts in the Gulf Coast region. The funds will be distributed among local nonprofit organizations assisting impacted residents including small business owners. MUFG is mobilizing a team to begin working with area agencies to identify the community's top priorities.
The company will also match dollar-for-dollar employee donations made towards Hurricane Harvey relief efforts.
"Our Foundation is working with local partners to identify those most in need and help them rebuild their homes and lives," said Julius Robinson, head of Corporate Social Responsibility for the Americas. "We will continue to monitor the impact of this natural disaster over the next weeks and months to determine how we can provide additional support and help contribute to the region's economic recovery."
The MUFG Union Bank Foundation ("The Foundation") is a nonprofit public benefit corporation that serves as an agent for charitable contributions made by MUFG Union Bank, N.A. Since its creation in 1953, The Foundation has supported the bank's commitment to help meet the needs of the communities that it serves. Its mission is to make philanthropic investments that expand access to economic opportunity in low- and moderate-income communities especially in the areas of affordable housing, community economic development, education, human services, and the environment.
About MUFG Union Bank, N.A. MUFG Union Bank, N.A., is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $116.7 billion, as of June 30, 2017, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world's largest financial organizations with total assets of approximately ¥304.2 trillion (JPY) or $2.7 trillion (USD)¹, as of June 30, 2017. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.
1 Exchange rate of 1 USD=¥112.0 (JPY) as of June 30, 2017