UnionBanCal Corporation and its primary subsidiary, Union Bank, N.A., today announced that John F. Woods will join the Company as Vice Chairman, Financial Management Group, effective October 13, 2009. Woods will succeed Vice Chairman and Chief Financial Officer David I. Matson after a transition period leading to Matson's retirement in early 2010. Woods will be based in San Francisco.

"John's experience in financial services, combined with a solid record of producing results, will serve us well as we look to future growth and expansion," said Masaaki Tanaka, Union Bank's President and Chief Executive Officer. "David has served Union Bank with distinction for more than 30 years, and we are grateful for his contributions and his leadership. I am confident that we will achieve a smooth, seamless transition of responsibilities and leadership in this crucial position."

Over his career, Woods has held increasingly significant positions across many areas of finance and banking. Most recently, Woods was Chief Financial Officer of JP Morgan Chase's Home Lending business, an enterprise with approximately $300 billion in assets and more than $100 billion in mortgage originations annually. From 2005 to 2008, Woods served as a financial executive at Washington Mutual, Inc. (WaMu). He joined WaMu in 2005 as Corporate Controller and in 2007 was promoted to Chief Financial Officer of its largest division, Home Loans. During the acquisition of WaMu by JP Morgan Chase, Woods and his team were integral to the merger of various aspects of WaMu's mortgage business into Chase.

From 2002 to 2005, Woods was a senior vice president with the Federal Home Loan Mortgage Corporation (Freddie Mac), culminating as the Company's Corporate Controller. His accomplishments at Freddie Mac include a multi-year effort to help lead a $5 billion financial restatement, one of the largest and most complex ever completed for a financial institution.

Woods, a graduate of the University of Virginia, began his financial career in 1986 as a staff accountant with Arthur Andersen in Washington, D.C. During his 16 years with the firm, where he rose to partner, Woods helped build the company's Mid-Atlantic practice by providing risk management related services to a variety of financial institutions.

David Matson, who will be succeeded by Woods in early 2010, joined Union Bank in 1976 as a manager in the bank's equipment leasing operations. Since then he has advanced through a number of senior and executive management positions in both line and staff functions. His line management responsibilities have included middle market lending, corporate and merchant banking, and cash management and deposit services. Matson's staff responsibilities include serving as the Company's Corporate Controller for seven years.

In 1996, Matson served as Integration Manager for the combination of Union Bank and The Bank of California into Union Bank of California. A year later, he assumed executive responsibility for the bank's Financial Management Group and subsequently was elected Vice Chairman and Chief Financial Officer of the Company. In this capacity he has overseen Union Bank's controller's office, corporate tax, strategic and financial planning, corporate development, mergers and acquisitions, and treasury and corporate services.

About UnionBanCal Corporation

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $74 billion at June 30, 2009. UnionBanCal Corporation is the 16th-largest commercial bank holding company in the U.S. based on assets at June 30, 2009. 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 has 335 banking offices in California, Oregon, and Washington and two international offices. 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. (NYSE: MTU). Visit www.unionbank.com for more information.

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SOURCE: UnionBanCal Corporation

UnionBanCal Corporation Stephen L. Johnson, 415-765-3252 stephen.johnson@unionbank.com Daniel W. Weidman, 213-236-4050 daniel.weidman@unionbank.com