Union Bank and Trust Company

Union Bank and Trust Company: Founded in 1976 by 24 construction and trade unions, Union Bank & Trust stands as a unique entity, being owned and controlled by the very members who established it over 40 years ago. This state-chartered, FDIC insured, union-owned bank and trust provides traditional banking services with a specific focus on union organizations locally and nationally. Notably, in 1982, the Trust Division was established to oversee Taft-Hartley pension, vacation, and health and welfare funds, securely managing over $10.5 billion in assets for union pension and health and welfare funds nationwide. The company prides itself on offering the same capabilities as larger financial institutions while maintaining the personalized service and community-oriented feel of a local establishment.

Industries: Financial Services, Lending and Investments, Banking

Union Bank & Trust's commitment to serving the long-term needs and economic well-being of hardworking tradesmen and women is evident in its evolution and operations. The company's strong foundation and focus on union organizations position it as a significant player in the financial services industry, catering to a niche market while providing essential trust and banking services. Its status as a union-owned entity adds a distinctive angle to its operations and ethos, reflecting a commitment to solidarity and the empowerment of its members. Overall, Union Bank & Trust Company's approach and offerings demonstrate a blend of stability, community focus, and industry expertise, potentially making it an intriguing prospect for investors seeking opportunities within specialized financial sectors.