October 6, 2000

Union Bank of California Recognized for Leadership Role in Working With Minority-Owned Businesses

Los Angeles — The Southern California Regional Purchasing Councils, Inc. (SCRPC) and its Minority Business Enterprise Input Committee (MBEIC) today presented its 2000 Local Corporation of the Year Award to Union Bank of California for its leadership role in working with minority-owned businesses.

The MBEIC functions under the auspices of SCRPC, one of 39 regional councils in the National Minority Supplier Development Council network. The criteria for Corporation of the Year selection were established by the national MBEIC. Local minority entrepreneurs selected UBOC from a large field of prominent multinational corporations which comprise the SCRPC's 265 corporate members.

"Union Bank of California is a long-standing member of the Purchasing Council and it has been a major supporter of programs to encourage development of minority-owned business. The bank has created a nationally recognized outreach program to assist in this effort," said Peter Wiersma, SCRPC President.

With an outstanding reputation for its diversity efforts, the bank recently received the Opportunity 2000 Award from the U.S. Department of Labor for "its long history of valuing diversity both in its workforce and in its customer base." In 1999 Fortune magazine named UBOC the top corporation in America for ethnic minorities and the top bank for the year 2000.

"Being selected as the 2000 Corporation of the Year is a true reflection of the high regard minority businesses have for Union Bank of California's supplier diversity programs," added Wiersma.

Richard Hartnack, UBOC vice chairman will accept the award, which is a specially commissioned work of art reflecting the winning corporation's industry and company philosophy. The award was created by internationally-renowned sculptor Ed Dwight.

Formed in 1975 and recognized as the region's leading advocate for minority business development, SCRPC conducts a number of programs and special events which bring major corporations and minority suppliers together to discuss possible procurement opportunities. For additional information call (213) 380-7114 or (714) 750-1083.

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