Following U.S. Bank Acquisition, Palisades Union Bank Branch Closes

By SARAH SHMERLING | Editor-in-Chief

Following its acquisition by U.S. Bank, the Pacific Palisades branch of Union Bank, located at 15205 Sunset Boulevard, closed on May 26.

“All Union Bank products, with the exception of Credit Cards and Trust and Investments, have transitioned to U.S. Bank,” according to the Union Bank website on May 30.

The Union Bank Pacific Palisades branch first opened in 2017, according to its website, to serve the Palisades, Malibu, Santa Monica, Brentwood and Topanga. Its list of services included small business specialist, mortgage consultant, financial advisor and private wealth advisor.

Union Bank joined U.S. Bank in December 2022, according to a timeline provided by the banks. At the start of May, mortgage accounts were transitioned to U.S. Bank, while customers were asked to finalize any transactions with Union Bank mobile and online banking by May 26.

“Deposit accounts, loans and lines of credit and UnionBanc Investment Services (digital access only) transition to U.S. Bank” over Memorial Day weekend, May 27 to 29, according to the timeline.

“On Memorial Day weekend, we plan to complete the conversion of Union Bank branches, branch bankers and clients to U.S. Bank,” according to Evan Lapiska, vice president of public affairs and corporate communications with U.S. Bank, explained. “Following conversion, our clients in California will have increased access to financial services when and how they want to bank—branches, ATMs, bankers, on-demand technology and resources, and more.”

Customers were able to access accounts online and at U.S. Bank branches—including the one at 15305 Sunset Boulevard in the Palisades—beginning May 30. U.S. Bank “committed to retaining all frontline branch staff as part of the conversion,” according to Lapiska, some of whom have been placed at U.S. Bank in the Palisades.

Trust and investments were slated to transfer to U.S. Bank June 2 to 4, with clients able to use mobile and online banking beginning June 5. Credit card accounts are set to transition to U.S. Bank June 23 to 29.

“Union Bank credit card balances and past and current account information will transfer and be available to view in mobile and online banking on June 28,” the timeline concluded. “Union Bank credit card rewards balances will transfer and be available to view in mobile and online banking on June 29.”