As it sheds its California tagline and rebrands itself as anational institution, Union Bank is also moving to expand itstreasury services business.

Union Bank has seen an influx of funds from corporate clients,as have other banks with stronger asset quality, says Todd Gregory,the senior vice president who leads the treasury services division.The treasury group's deposits have grown by more than a third sincethe U.S. economic turmoil began as companies search for safety inthe current credit environment. “The uncertainty among the clientsis probably the greatest I've ever seen it in 25 years,” hesays.

“We're taking highly rated resources within the bank and we'reapplying those with a broader reach, with more focus and morepeople,” Gregory says, noting that the Union Bank's treasuryservices is already ranked among the top 10 cash managementproviders by Ernst & Young.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.