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As it sheds its California tagline and rebrands itself as a national institution, Union Bank is also moving to expand its treasury 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 since the U.S. economic turmoil began as companies search for safety in the current credit environment. “The uncertainty among the clients is probably the greatest I’ve ever seen it in 25 years,” he says.

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