Exhibit 99.1

UnionBanCal Corporation Reports Third Quarter Net Income of $170 Million

Third Quarter Highlights:

Net income was $170 million, compared with net loss of $17 million a year earlier, and net income of $154 million in second quarter 2010.
Total provision for credit losses was zero, down from $320 million prior year, and $45 million prior quarter.
Net interest margin was 3.33 percent, up 2 basis points from prior year, and up 24 basis points from prior quarter.
Capital levels improved in the quarter:
- Tangible common equity ratio was 9.59 percent at September 30, 2010, versus 8.81 percent at June 30, 2010.
- Tier 1 common capital ratio was 12.25 percent at September 30, 2010, versus 11.93 percent at June 30, 2010.
- Tier 1 risk-based capital ratio was 12.27 percent at September 30, 2010, versus 11.95 percent at June 30, 2010.

SAN FRANCISCO--(BUSINESS WIRE)--October 28, 2010--UnionBanCal Corporation (the Company or UB) today reported third quarter 2010 net income of $170 million, compared with net loss of $17 million a year earlier, and net income of $154 million in second quarter 2010. In sequential quarters, pre-tax, pre-provision income increased $13 million, or 5 percent.

Summary of Third Quarter Results

Third Quarter Total Revenue and Net Interest Income

For third quarter 2010, total revenue (taxable-equivalent net interest income plus noninterest income) was $839 million, up $90 million, or 12 percent, compared with third quarter 2009. Net interest income increased 10 percent, and noninterest income increased 19 percent.

Net interest income for third quarter 2010 was $621 million, up $56 million, or 10 percent, compared with third quarter 2009, primarily reflecting the impact of a $12 billion increase in average securities and lower rates paid on interest bearing deposits, partially offset by the impact of lower yields on the securities portfolio.

Average total loans decreased $660 million, or 1 percent, compared with third quarter 2009. Excluding FDIC covered loans, average commercial, financial and industrial loans declined $2.2 billion, or 13 percent, and average construction loans declined $0.8 billion, or 30 percent. Average FDIC covered loans increased $1.8 billion due to the acquisition of the Frontier Bank and Tamalpais Bank loan portfolios in April 2010. Average interest bearing deposits increased $4.4 billion, or 10 percent, and average noninterest bearing deposits increased $960 million, or 7 percent. The growth in average total deposits reflected deposit-gathering initiatives in both the retail and corporate lines of business, as well as the assumption of Frontier Bank and Tamalpais Bank deposits.

The net interest margin was 3.33 percent for third quarter 2010, up 2 basis points from third quarter 2009. The margin benefited from a favorable loan mix change due to the addition of FDIC covered loans. Lower yields on securities were offset by lower rates on liabilities, while lower interest bearing deposits in banks were offset by higher securities balances.

The annualized average all-in cost of funds was 0.55 percent in third quarter 2010, compared with 0.79 percent in third quarter 2009. The Company’s average loan-to-deposit ratio was 74 percent in third quarter 2010, compared with 82 percent in third quarter 2009.

Compared with second quarter 2010, total revenue decreased 1 percent, with net interest income up 3 percent and noninterest income down 11 percent. Average total loans increased $278 million, or 0.6 percent, primarily due to the full quarter impact of the acquisition of the loan portfolios of Frontier Bank and Tamalpais Bank. Average interest bearing deposits decreased $4 billion, primarily due to planned deposit runoff resulting from targeted rate reductions. Average noninterest bearing deposits increased $621 million, or 4 percent. The net interest margin increased 24 basis points, from 3.09 percent in second quarter 2010, to 3.33 percent in third quarter 2010, primarily due to the planned runoff of interest bearing deposits, lower average deposit rates and higher average loan yields.

Third Quarter Noninterest Income and Noninterest Expense

For third quarter 2010, noninterest income was $218 million, up $34 million, or 19 percent, from the same quarter a year ago. The increase was primarily due to a $21 million increase in fees from trading account activities, which was primarily attributable to higher fees from interest rate derivatives activities; a $4 million increase in merchant banking fees; and a $21 million increase in other noninterest income. These increases were partially offset by a $12 million decrease in service charges on deposit accounts, reflecting lower overdraft volumes. The increase in other noninterest income was primarily due to $13 million of accretion income from indemnification assets associated with the Frontier Bank and Tamalpais Bank acquisitions.

Noninterest income decreased $26 million, or 11 percent, compared with second quarter 2010, primarily due to a $15 million decrease in gains on the sale of securities and a $7 million decrease in other noninterest income.

Noninterest expense for third quarter 2010 was $563 million, up $57 million, or 11 percent, compared with third quarter 2009, with $37 million of the increase attributable to the Frontier Bank and Tamalpais Bank acquisitions. Salaries and employee benefits expense increased $59 million, in part due to an increase in employee count due to the acquisitions. Professional and outside services expense increased $14 million, primarily due to expenses related to the acquisitions. Expenses related to the Company’s 2008 privatization transaction, which are classified in intangible asset amortization expense and other noninterest expense, decreased $16 million. The provision for losses on off-balance sheet commitments declined $14 million.

Noninterest expense for third quarter decreased $22 million, or 4 percent, compared with second quarter 2010. Salaries and employee benefits expense decreased $27 million. The provision for losses on off-balance sheet commitments declined $9 million. Expenses attributable to the Frontier Bank and Tamalpais Bank acquisitions increased $11 million.

Balance Sheet

At September 30, 2010, the Company had total assets of $80 billion, up $1.7 billion, or 2 percent, compared with September 30, 2009, and down $4.5 billion, or 5 percent, compared with June 30, 2010. Total securities at September 30, 2010, were $20 billion, down $3.4 billion, or 15 percent, compared with June 30, 2010, as planned deposit runoff was offset in part by securities sales and maturities.

At September 30, 2010, total deposits were $62 billion, up $0.8 billion, or 1.4 percent, compared with September 30, 2009, and down $5 billion, or 7 percent, compared with June 30, 2010. Core deposits at period-end were $51 billion, up $0.5 billion, or 1 percent, compared with September 30, 2009, and down $2 billion, or 4 percent, compared with June 30, 2010. At September 30, 2010, the Company’s loan-to-deposit ratio was 78 percent, down from 79 percent at September 30, 2009, and up from 73 percent at June 30, 2010.

Credit Quality

The total provision for credit losses was zero, down from $45 million for second quarter 2010, as overall asset quality continued to stabilize. Nonperforming assets, excluding FDIC covered assets, declined $178 million and net charge-offs declined $4 million compared with prior quarter.

Excluding FDIC covered assets, nonperforming assets were $1.20 billion, or 1.54 percent of total assets at September 30, 2010, compared with $1.38 billion, or 1.68 percent of total assets, at June 30, 2010, and $1.37 billion, or 1.75 percent of total assets, at September 30, 2009.

Net charge-offs for third quarter 2010 were $89 million, down from $94 million for second quarter 2010. As a percent of average total loans, excluding FDIC covered assets, net charge-offs for third quarter 2010 were 0.77 percent annualized, and 0.81 percent annualized for second quarter 2010. For third quarter 2009, net charge-offs were $137 million, or 1.11 percent annualized of average total loans.

The total provision for credit losses is comprised of the provision for loan losses and the provision for losses on off-balance sheet commitments, which is classified in noninterest expense. In third quarter 2010, the provision for loan losses was $8 million and the reversal of provision for losses on off-balance sheet commitments was $8 million, which resulted in a total provision for credit losses of zero.

The allowance for credit losses as a percent of total loans, excluding FDIC covered loans, was 3.12 percent at September 30, 2010, compared with 3.29 percent at June 30, 2010, and 2.97 percent at September 30, 2009. The allowance for credit losses as a percent of nonaccrual loans, excluding FDIC covered loans, was 125 percent at September 30, 2010, up from 115 percent at June 30, 2010, and up from 108 percent at September 30, 2009.

Capital

Total stockholder’s equity was $10.1 billion and tangible common equity was $7.4 billion at September 30, 2010. The Company’s tangible common equity ratio was 9.59 percent at September 30, 2010, an increase of 78 basis points compared with 8.81 percent at June 30, 2010. The Tier 1 common capital ratio at September 30, 2010, was 12.25 percent, compared with 11.93 percent at June 30, 2010. The Company’s Tier 1 and total risk-based capital ratios at September 30, 2010, were 12.27 percent and 14.97 percent, respectively.

Non-GAAP Financial Measures

This press release contains certain references to financial measures identified as excluding privatization transaction expenses, foreclosed asset expense (income), provision for (reversal of) losses on off-balance sheet commitments, low income housing credit investment amortization expense, expenses of the consolidated variable interest entities, noninterest expense excluding the impact of the Frontier Bank and Tamalpais Bank acquisitions, or FDIC covered assets or loans, which are adjustments from comparable measures calculated and presented in accordance with accounting principles generally accepted in the United States of America (GAAP). These financial measures, as used herein, differ from financial measures reported under GAAP in that they exclude unusual or non-recurring charges, losses, credits, gains or assets. This press release identifies the specific items excluded from the comparable GAAP financial measure in the calculation of each non-GAAP financial measure. Because these items are unusual and substantial costs, management believes that financial presentations excluding the impact of these items provide useful supplemental information which is important to a proper understanding of the Company’s core business results. These presentations should not be viewed as a substitute for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures presented by other companies.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80 billion at September 30, 2010. 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 operated 397 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on September 30, 2010. 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. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.

UnionBanCal Corporation and Subsidiaries
Financial Highlights (Unaudited)
Exhibit 1

																Percent Change to
	As of and for the Three Months Ended															September 30, 2010 from
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,		June 30,
(Dollars in thousands)	2009			2009			2010			2010			2010			2009		2010
Results of operations:
Net interest income ⁽¹⁾	$	564,296		$	580,412		$	576,794		$	602,775		$	620,639		10.0	%	3.0	%
Noninterest income		183,929			185,286			209,905			244,294			217,943		18.5	%	(10.8	%)
Total revenue		748,225			765,698			786,699			847,069			838,582		12.1	%	(1.0	%)
Noninterest expense		505,815			529,245			524,572			584,200			562,619		11.2	%	(3.7	%)
Pre-tax, pre-provision income		242,410			236,453			262,127			262,869			275,963		13.8	%	5.0	%
Provision for loan losses		314,000			191,000			170,000			44,000			8,000		(97.5	%)	(81.8	%)
Income (loss) before income taxes and including noncontrolling interests ⁽¹⁾		(71,590	)		45,453			92,127			218,869			267,963		nm		22.4	%
Taxable-equivalent adjustment		3,260			2,685			2,441			2,382			2,584		(20.7	%)	8.5	%
Income tax expense (benefit)		(57,821	)		885			15,401			66,264			99,388		nm		50.0	%
Net income (loss) including noncontrolling interests		(17,029	)		41,883			74,285			150,223			165,991		nm		10.5	%
Deduct: Net loss from noncontrolling interests		-			-			3,059			3,536			3,788		nm		7.1	%
Net income (loss) attributable to UnionBanCal Corporation (UNBC)	$	(17,029	)	$	41,883		$	77,344		$	153,759		$	169,779		nm		10.4	%

Balance sheet (end of period):
Total assets	$	78,153,207		$	85,598,128		$	85,471,296		$	84,311,683		$	79,826,417		2.1	%	(5.3	%)
Total securities ⁽³⁾		19,403,911			23,786,547			23,412,283			23,054,467			19,613,815		1.1	%	(14.9	%)
Total loans		48,169,508			47,228,508			46,721,210			48,337,429			47,911,109		(0.5	%)	(0.9	%)
Core deposits ⁽⁴⁾		50,109,655			55,687,108			53,073,409			52,934,521			50,596,301		1.0	%	(4.4	%)
Total deposits		60,691,368			68,517,653			66,581,593			66,270,584			61,540,546		1.4	%	(7.1	%)
Long-term debt		5,135,193			4,225,711			4,724,423			4,715,822			4,457,830		(13.2	%)	(5.5	%)
UNBC stockholder's equity		9,475,004			9,580,333			9,706,081			9,941,892			10,133,066		6.9	%	1.9	%

Balance sheet (period average):
Total assets	$	74,352,649		$	81,964,956		$	84,810,109		$	85,510,707		$	82,265,037		10.6	%	(3.8	%)
Total securities ⁽³⁾		10,774,972			20,230,854			23,546,665			23,088,490			22,486,682		nm		(2.6	%)
Total loans		48,764,826			47,871,715			46,847,523			47,827,078			48,104,954		(1.4	%)	0.6	%
Earning assets		68,235,083			75,800,728			78,311,856			78,135,432			74,497,629		9.2	%	(4.7	%)
Core deposits ⁽⁴⁾		50,246,297			53,995,708			54,588,331			54,380,813			52,299,040		4.1	%	(3.8	%)
Total deposits		59,453,936			65,697,920			67,838,145			68,104,408			64,822,479		9.0	%	(4.8	%)
UNBC stockholder's equity		7,358,773			9,405,635			9,532,428			9,630,657			9,912,847		34.7	%	2.9	%

Performance ratios:
Return on average assets ⁽²⁾		(0.09	%)		0.20	%		0.37	%		0.72	%		0.82	%
Return on average UNBC stockholder's equity ⁽²⁾		(0.92	%)		1.77	%		3.29	%		6.40	%		6.80	%
Core efficiency ratio ⁽⁵⁾		65.07	%		66.36	%		64.98	%		64.86	%		63.69	%
Net interest margin ^{(1) (2)}		3.31	%		3.06	%		2.95	%		3.09	%		3.33	%

Capital ratios:
Tier 1 risk-based capital ratio ⁽⁸⁾		11.60	%		11.82	%		11.98	%		11.95	%		12.27	%
Total risk-based capital ratio ⁽⁸⁾		14.42	%		14.54	%		14.70	%		14.64	%		14.97	%
Leverage ratio ⁽⁸⁾		10.39	%		9.45	%		9.22	%		9.23	%		9.86	%
Tier 1 common capital ratio ⁽⁷⁾⁽⁸⁾		11.58	%		11.80	%		11.96	%		11.93	%		12.25	%
Tangible common equity ratio ⁽⁶⁾		8.94	%		8.29	%		8.47	%		8.81	%		9.59	%

Selected financial ratios excluding impact of privatization transaction ⁽¹²⁾:
From net income (loss) attributable to UNBC:
Return on average assets ⁽²⁾		(0.03	%)		0.28	%		0.44	%		0.78	%		0.89	%
Return on average stockholder's equity ⁽²⁾		(0.45	%)		3.15	%		5.10	%		9.01	%		9.43	%
Core efficiency ratio⁽⁵⁾		60.36	%		62.29	%		61.51	%		62.39	%		61.13	%

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Financial Highlights (Unaudited)
Exhibit 2

							Percent Change to
	As of and for the Nine Months Ended						September 30, 2010 from
	September 30,			September 30,			September 30,
(Dollars in thousands)	2009 ⁽¹⁾			2010 ⁽¹⁾			2009
Results of operations:
Net interest income ⁽¹⁾	$	1,680,010		$	1,800,208		7.2%
Noninterest income		541,858			672,142		24.0%
Total revenue		2,221,868			2,472,350		11.3%
Noninterest expense		1,559,256			1,671,391		7.2%
Pre-tax, pre-provision income		662,612			800,959		20.9%
Provision for loan losses		923,000			222,000		(75.9%)
Income (loss) before income taxes and including noncontrolling interests ⁽¹⁾		(260,388	)		578,959		nm
Taxable-equivalent adjustment		8,625			7,407		(14.1%)
Income tax expense (benefit)		(162,169	)		181,053		nm
Net income (loss) including noncontrolling interests		(106,844	)		390,499		nm
Deduct: Net loss from noncontrolling interests		-			10,383		nm
Net income (loss) attributable to UNBC	$	(106,844	)	$	400,882		nm

Balance sheet (end of period):
Total assets	$	78,153,207		$	79,826,417		2.1%
Total securities ⁽³⁾		19,403,911			19,613,815		1.1%
Total loans		48,169,508			47,911,109		(0.5%)
Core deposits ⁽⁴⁾		50,109,655			50,596,301		1.0%
Total deposits		60,691,368			61,540,546		1.4%
Long-term debt		5,135,193			4,457,830		(13.2%)
UNBC stockholder's equity		9,475,004			10,133,066		6.9%

Balance sheet (period average):
Total assets	$	71,000,250		$	84,185,942		18.6%
Total securities ⁽³⁾		9,261,342			23,036,729		nm
Total loans		49,366,280			47,597,790		(3.6%)
Earning assets		64,593,827			76,967,666		19.2%
Core deposits ⁽⁴⁾		45,653,114			53,747,675		17.7%
Total deposits		53,526,802			66,910,632		25.0%
UNBC stockholder's equity		7,332,747			9,693,370		32.2%

Performance ratios:
Return on average assets ⁽²⁾		(0.20	%)		0.64	%
Return on average UNBC stockholder's equity ⁽²⁾		(1.95	%)		5.53	%
Core efficiency ratio ⁽⁵⁾		66.34	%		64.50	%
Net interest margin ^{(1) (2)}		3.47	%		3.12	%

Capital ratios:
Tier 1 risk-based capital ratio ⁽⁸⁾		11.60	%		12.27	%
Total risk-based capital ratio ⁽⁸⁾		14.42	%		14.97	%
Leverage ratio ⁽⁸⁾		10.39	%		9.86	%
Tier 1 common capital ratio ⁽⁷⁾⁽⁸⁾		11.58	%		12.25	%
Tangible common equity ratio ⁽⁶⁾		8.94	%		9.59	%

Selected financial ratios excluding impact of privatization transaction ⁽¹²⁾:
From net income (loss) attributable to UNBC:
Return on average assets ⁽²⁾		(0.12	%)		0.70	%
Return on average stockholder's equity ⁽²⁾		(1.67	%)		7.89	%
Core efficiency ratio⁽⁵⁾		61.14	%		61.68	%

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Credit Quality (Unaudited)
Exhibit 3

																Percent Change to
	As of and for the Three Months Ended															September 30, 2010 from
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,		June 30,
(Dollars in thousands)	2009			2009			2010			2010			2010			2009		2010

Credit Data:
Provision for loan losses	$	314,000		$	191,000		$	170,000		$	44,000		$	8,000		(97.5	%)	(81.8	%)
Provision (reversal) for off-balance sheet commitments		6,000			4,000			(5,000	)		1,000			(8,000	)	nm		nm
Total provision for credit losses	$	320,000		$	195,000		$	165,000		$	45,000		$	-		(100.0	%)	(100.0	%)
Net charge-offs	$	136,673		$	94,780		$	119,411		$	93,531		$	89,440		(34.6	%)	(4.4	%)
Nonperforming assets		1,367,691			1,349,793			1,466,937			1,562,804			1,509,720		10.4	%	(3.4	%)

Credit Ratios:
Allowance for loan losses to:
Total loans		2.62	%		2.87	%		3.01	%		2.81	%		2.67	%
Nonaccrual loans		95.15	%		103.03	%		99.06	%		100.38	%		96.79	%
Allowances for credit losses to ⁽⁹⁾:
Total loans		2.97	%		3.25	%		3.38	%		3.17	%		3.01	%
Nonaccrual loans		108.16	%		116.42	%		111.11	%		113.13	%		109.25	%
Net charge-offs to average total loans ⁽²⁾		1.11	%		0.79	%		1.03	%		0.78	%		0.74	%
Nonperforming assets to total loans, OREO and distressed loans held for sale		2.84	%		2.86	%		3.14	%		3.22	%		3.14	%
Nonperforming assets to total assets		1.75	%		1.58	%		1.72	%		1.85	%		1.89	%
Nonaccrual loans to total loans		2.75	%		2.79	%		3.04	%		2.80	%		2.75	%

Excluding FDIC covered assets ⁽¹³⁾:
Allowance for loan losses to:
Total loans		N/A			N/A			N/A			2.92	%		2.76	%
Nonaccrual loans		N/A			N/A			N/A			102.17	%		110.48	%
Allowances for credit losses to ⁽⁹⁾:
Total loans		N/A			N/A			N/A			3.29	%		3.12	%
Nonaccrual loans		N/A			N/A			N/A			115.14	%		124.70	%
Net charge-offs to average total loans ⁽²⁾		N/A			N/A			N/A			0.81	%		0.77	%
Nonperforming assets to total loans, OREO and distressed loans held for sale		N/A			N/A			N/A			2.97	%		2.60	%
Nonperforming assets to total assets		N/A			N/A			N/A			1.68	%		1.54	%
Nonaccrual loans to total loans		N/A			N/A			N/A			2.86	%		2.50	%


							Percent Change to
	As of and for the Nine Months Ended						September 30, 2010 from
	September 30,			September 30,			September 30,
(Dollars in thousands)	2009			2010			2009

Credit Data:
Provision for loan losses	$	923,000		$	222,000		(75.9%)
Provision for off-balance sheet commitments		47,000			(12,000	)	nm
Total provision for credit losses	$	970,000		$	210,000		(78.4%)
Net charge-offs	$	404,630		$	302,382		(25.3%)
Nonperforming assets		1,367,691			1,509,720		10.4%

Credit Ratios:
Net charge-offs to average total loans ⁽²⁾		1.10	%		0.85	%
Nonperforming assets to total assets		1.75	%		1.89	%

Excluding FDIC covered assets ⁽¹³⁾:
Net charge-offs to average total loans ⁽²⁾		N/A			0.87	%
Nonperforming assets to total assets		N/A			1.54	%

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Consolidated Statements of Income (Unaudited)
Exhibit 4


	For the Three Months Ended
	September 30,			December 31,		March 31,			June 30,		September 30,
(Dollars in thousands)	2009			2009		2010			2010		2010
Interest Income
Loans	$	576,166		$	557,103	$	539,574		$	568,852	$	581,740
Securities		109,279			144,623		143,336			134,591		131,955
Interest bearing deposits in banks		4,956			4,043		4,055			3,696		1,513
Federal funds sold and securities purchased under resale agreements		110			23		119			150		146
Trading account assets		250			355		819			585		518
Total interest income		690,761			706,147		687,903			707,874		715,872

Interest Expense
Deposits		101,374			101,703		85,562			78,477		69,498
Federal funds purchased and securities sold under repurchase agreements		41			24		37			41		70
Commercial paper		355			194		240			289		398
Other borrowed funds		604			613		1,202			1,172		438
Long-term debt		27,351			25,886		26,509			27,502		27,413
Total interest expense		129,725			128,420		113,550			107,481		97,817

Net Interest Income		561,036			577,727		574,353			600,393		618,055
Provision for loan losses		314,000			191,000		170,000			44,000		8,000
Net interest income after provision for loan losses		247,036			386,727		404,353			556,393		610,055

Noninterest Income
Service charges on deposit accounts		74,888			72,711		66,140			63,843		62,472
Trust and investment management fees		34,506			32,454		31,420			34,244		33,209
Trading account activities		10,513			24,134		21,093			25,379		31,906
Merchant banking fees		14,601			16,295		13,676			22,223		19,011
Securities gains (losses), net		12,694			11,759		33,893			27,244		10,683
Brokerage commissions and fees		8,611			8,160		8,528			10,906		10,195
Card processing fees, net		8,559			8,293		8,620			12,856		9,877
Other		19,557			11,480		26,535			47,599		40,590
Total noninterest income		183,929			185,286		209,905			244,294		217,943

Noninterest Expense
Salaries and employee benefits		233,981			261,055		279,586			319,691		292,736
Net occupancy and equipment		60,984			55,176		59,191			63,370		65,162
Professional and outside services		39,866			42,269		39,146			50,372		53,878
Intangible asset amortization		40,641			40,101		31,793			30,613		30,774
Regulatory agencies		30,739			32,103		29,848			30,526		29,132
Provision for (reversal of) losses on off-balance sheet commitments		6,000			4,000		(5,000	)		1,000		(8,000	)
Other		93,604			94,541		90,008			88,628		98,937
Total noninterest expense		505,815			529,245		524,572			584,200		562,619
Income (loss) before income taxes and including noncontrolling interests		(74,850	)		42,768		89,686			216,487		265,379
Income tax expense (benefit)		(57,821	)		885		15,401			66,264		99,388
Net Income (Loss) including Noncontrolling Interests		(17,029	)		41,883		74,285			150,223		165,991
Deduct: Net loss from noncontrolling interests		-			-		3,059			3,536		3,788
Net Income (Loss) attributable to UNBC	$	(17,029	)	$	41,883	$	77,344		$	153,759	$	169,779

UnionBanCal Corporation and Subsidiaries
Consolidated Statements of Income (Unaudited)
Exhibit 5


	For the Nine Months Ended
	September 30,
(Dollars in thousands)	2009			2010
Interest Income
Loans	$	1,762,540		$	1,690,166
Securities		310,561			409,882
Interest bearing deposits in banks		9,406			9,264
Federal funds sold and securities purchased under resale agreements		348			415
Trading account assets		610			1,922
Total interest income		2,083,465			2,111,649

Interest Expense
Deposits		306,598			233,537
Federal funds purchased and securities sold under repurchase agreements		113			148
Commercial paper		2,901			927
Other borrowed funds		17,697			2,812
Long-term debt		84,771			81,424
Total interest expense		412,080			318,848

Net Interest Income		1,671,385			1,792,801
Provision for loan losses		923,000			222,000
Net interest income after provision for loan losses		748,385			1,570,801

Noninterest Income
Service charges on deposit accounts		218,053			192,455
Trust and investment management fees		102,543			98,873
Trading account activities		49,456			78,378
Securities gains (losses), net		12,522			71,820
Merchant banking fees		48,357			54,910
Card processing fees, net		24,219			31,353
Brokerage commissions and fees		25,424			29,629
Other		61,284			114,724
Total noninterest income		541,858			672,142

Noninterest Expense
Salaries and employee benefits		710,601			892,013
Net occupancy and equipment		178,142			187,723
Professional and outside services		117,075			143,396
Intangible asset amortization		121,809			93,180
Regulatory agencies		101,513			89,506
(Reversal of) provision for losses on off-balance sheet commitments		47,000			(12,000	)
Other		283,116			277,573
Total noninterest expense		1,559,256			1,671,391
Income (loss) before income taxes and including noncontrolling interests		(269,013	)		571,552
Income tax expense (benefit)		(162,169	)		181,053
Net Income (Loss) including Noncontrolling Interests		(106,844	)		390,499
Deduct: Net loss from noncontrolling interests		-			10,383
Net Income (Loss) attributable to UNBC	$	(106,844	)	$	400,882

UnionBanCal Corporation and Subsidiaries
Consolidated Balance Sheets
Exhibit 6

	(Unaudited)						(Unaudited)			(Unaudited)			(Unaudited)
	September 30,			December 31,			March 31,			June 30,			September 30,
(Dollars in thousands)	2009			2009			2010			2010			2010
Assets
Cash and due from banks	$	1,155,497		$	1,198,258		$	1,110,333		$	1,221,462		$	1,172,194
Interest bearing deposits in banks (includes $9,991 at March 31, 2010, $13,176 at June 30, 2010 and $9,538 at September 30, 2010 related to consolidated variable interest entities (VIEs))		2,659,460			6,585,029			6,874,338			2,873,014			2,418,508
Federal funds sold and securities purchased under resale agreements		437,328			442,552			488,520			287,698			595,328
Total cash and cash equivalents		4,252,285			8,225,839			8,473,191			4,382,174			4,186,030
Trading account assets:
Pledged as collateral		60,816			15,168			54,380			64,106			37,301
Held in portfolio		879,734			710,480			775,915			1,054,994			1,133,640
Securities available for sale:
Pledged as collateral		-			2,500			-			-			-
Held in portfolio		18,210,574			22,556,329			22,164,722			21,788,581			18,327,048
Securities held to maturity (Fair value: September 30, 2009 $1,269,934; December 31, 2009, $1,457,654; March 31, 2010, $1,500,746; June 30, 2010, $1,433,596; and September 30, 2010, $1,480,896)		1,193,337			1,227,718			1,247,561			1,265,886			1,286,767
Loans:
Loans, excluding FDIC covered loans		48,169,508			47,228,508			46,721,210			46,498,887			46,217,555
FDIC covered loans		-			-			-			1,838,542			1,693,554
Total loans		48,169,508			47,228,508			46,721,210			48,337,429			47,911,109
Allowance for loan losses		(1,260,307	)		(1,357,000	)		(1,408,013	)		(1,357,869	)		(1,276,845	)
Loans, net		46,909,201			45,871,508			45,313,197			46,979,560			46,634,264
Due from customers on acceptances		12,842			8,514			7,788			11,446			7,407
Premises and equipment, net		667,005			674,298			671,230			671,036			674,301
Intangible assets, net		601,140			561,040			529,247			517,426			486,688
Goodwill		2,369,326			2,369,326			2,369,326			2,431,583			2,431,583
FDIC indemnification asset		-			-			-			917,339			833,939
Other assets (includes $297,736 at March 31, 2010, $293,881 at June 30, 2010 and $291,243 at September 30, 2010 related to consolidated VIEs)		2,996,947			3,375,408			3,864,739			4,227,552			3,787,449
Total assets	$	78,153,207		$	85,598,128		$	85,471,296		$	84,311,683		$	79,826,417

Liabilities
Noninterest bearing	$	14,472,375		$	14,558,989		$	14,389,261		$	15,319,290		$	15,425,621
Interest bearing		46,218,993			53,958,664			52,192,332			50,951,294			46,114,925
Total deposits		60,691,368			68,517,653			66,581,593			66,270,584			61,540,546
Federal funds purchased and securities sold under repurchase agreements		229,268			150,453			575,668			101,516			139,602
Commercial paper		423,499			888,541			799,106			610,580			701,135
Other borrowed funds		164,861			591,934			833,617			286,275			136,441
Trading account liabilities		715,075			538,894			736,813			815,282			995,843
Acceptances outstanding		12,842			8,514			7,788			11,446			7,407
Other liabilities (includes $1,675 at March 31, 2010, $1,841 at June 30, 2010 and $2,001 at September 30, 2010 related to consolidated VIEs)		1,306,097			1,096,095			1,224,440			1,279,916			1,441,929
Long-term debt (includes $7,853 at March 31, 2010, June 30, 2010 and September 30, 2010 related to consolidated VIEs)		5,135,193			4,225,711			4,724,423			4,715,822			4,457,830
Total liabilities		68,678,203			76,017,795			75,483,448			74,091,421			69,420,733


Equity
UNBC Stockholder's Equity:
Common stock, par value $1 per share:
Authorized 300,000,000 shares; 136,330,829 shares issued		136,331			136,331			136,331			136,331			136,331
Additional paid-in capital		5,195,023			5,195,023			5,195,023			5,195,023			5,195,023
Retained earnings		4,857,958			4,899,841			4,977,185			5,130,944			5,300,723
Accumulated other comprehensive loss		(714,308	)		(650,862	)		(602,458	)		(520,406	)		(499,011	)
Total UNBC stockholder's equity		9,475,004			9,580,333			9,706,081			9,941,892			10,133,066
Noncontrolling interests		-			-			281,767			278,370			272,618
Total equity		9,475,004			9,580,333			9,987,848			10,220,262			10,405,684
Total liabilities and equity	$	78,153,207		$	85,598,128		$	85,471,296		$	84,311,683		$	79,826,417

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Loans and Nonperforming Assets (Unaudited)
Exhibit 7


	September 30,		December 31,		March 31,		June 30,		September 30,
(Dollars in millions)	2009		2009		2010		2010		2010

Loans (period end)
Loans held for investment, excluding FDIC covered loans:
Commercial, financial and industrial	$	15,995	$	15,258	$	14,870	$	14,675	$	14,650
Construction		2,692		2,429		2,151		2,114		1,850
Residential mortgage		16,576		16,716		16,893		17,089		17,295
Commercial mortgage		8,320		8,246		8,249		8,062		7,893
Consumer		3,903		3,917		3,914		3,914		3,890
Lease financing		659		654		641		642		635
Total loans held for investment, excluding FDIC loans		48,145		47,220		46,718		46,496		46,213
Loans held for sale		25		9		3		3		4
Total loans, excluding FDIC covered loans		48,170		47,229		46,721		46,499		46,217
FDIC covered loans:
Commercial, financial and industrial		-		-		-		546		488
Construction		-		-		-		342		320
Residential mortgage		-		-		-		117		88
Commercial mortgage		-		-		-		771		749
Consumer		-		-		-		62		49
Total FDIC covered loans		-		-		-		1,838		1,694
Total loans	$	48,170	$	47,229	$	46,721	$	48,337	$	47,911

Nonperforming Assets (period end)
Nonaccrual loans:
Commercial, financial and industrial	$	380	$	336	$	251	$	157	$	150
Construction		388		335		412		373		244
Residential mortgage		165		194		217		227		202
Commercial mortgage		355		414		501		458		384
Consumer		21		21		24		25		27
Restructured - nonaccrual		16		17		16		89		149
Total nonaccrual loans, excluding FDIC covered loans		1,325		1,317		1,421		1,329		1,156
FDIC covered nonaccrual loans		-		-		-		24		163
Total nonaccrual loans		1,325		1,317		1,421		1,353		1,319

Distressed loans held for sale		9		-		-		-		-
OREO		34		33		45		52		47
FDIC covered OREO		-		-		-		158		144
Total nonperforming assets	$	1,368	$	1,350	$	1,466	$	1,563	$	1,510
Total nonperforming assets, excluding FDIC covered assets	$	1,368	$	1,350	$	1,466	$	1,381	$	1,203

Loans 90 days or more past due and still accruing ⁽¹⁴⁾	$	5	$	5	$	15	$	6	$	17
Restructured loans that are still accruing	$	2	$	4	$	7	$	9	$	25

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Allowance for Credit Losses (Unaudited)
Exhibit 8


	As of and for the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
(Dollars in thousands)	2009			2009			2010			2010			2010

Analysis of Allowances for Credit Losses
Beginning balance	$	1,081,633		$	1,260,307		$	1,357,000		$	1,408,013		$	1,357,869

Provision for loan losses		314,000			191,000			170,000			44,000			8,000

Charge-offs:
Commercial, financial and industrial		(77,996	)		(45,994	)		(67,160	)		(29,770	)		(37,277	)
Construction		(13,892	)		(31,472	)		(16,552	)		(9,359	)		(1,897	)
Residential mortgage		(13,960	)		(11,073	)		(10,276	)		(11,407	)		(24,883	)
Commercial mortgage		(26,298	)		(18,701	)		(31,869	)		(50,657	)		(27,780	)
Consumer		(11,134	)		(10,454	)		(9,763	)		(10,301	)		(10,292	)
Total charge-offs		(143,280	)		(117,694	)		(135,620	)		(111,494	)		(102,129	)

Recoveries:
Commercial, financial and industrial		6,129			21,215			13,119			8,306			4,328
Construction		-			1,233			2,391			7,236			6,630
Residential mortgage		2			3			28			257			89
Commercial mortgage		30			20			236			1,699			1,244
Consumer		446			443			435			465			396
Lease financing		-			-			-			-			2
Total recoveries		6,607			22,914			16,209			17,963			12,689
Net recoveries (charge-offs)		(136,673	)		(94,780	)		(119,411	)		(93,531	)		(89,440	)

Other		1,347			473			424			(613	)		416
Ending balance of allowance for loan losses		1,260,307			1,357,000			1,408,013			1,357,869			1,276,845

Allowance for off-balance sheet commitment losses		172,374			176,374			171,374			172,374			164,374
Allowances for credit losses	$	1,432,681		$	1,533,374		$	1,579,387		$	1,530,243		$	1,441,219

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 9

	For the Three Months Ended
	September 30, 2009							September 30, 2010
				Interest		Average					Interest		Average
	Average			Income/		Yield/		Average			Income/		Yield/
(Dollars in thousands)	Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾		Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾
Assets
Loans: ⁽¹⁰⁾
Commercial, financial and industrial	$	16,805,449		$	188,974	4.46	%	$	14,628,126		$	176,212	4.78	%
Construction		2,772,804			20,828	2.98			1,946,412			15,290	3.12
Residential mortgage		16,380,014			230,210	5.62			17,196,030			225,937	5.26
Commercial mortgage		8,261,161			88,998	4.31			8,005,988			84,702	4.23
Consumer		3,882,929			44,042	4.50			3,900,424			43,528	4.43
Lease financing		662,469			5,462	3.30			638,469			6,013	3.77
Total loans, excluding FDIC covered loans		48,764,826			578,514	4.73			46,315,449			551,682	4.75
FDIC covered loans		-			-	-			1,789,505			32,238	7.17
Total loans		48,764,826			578,514	4.73			48,104,954			583,920	4.84
Securities - taxable		10,590,200			107,171	4.05			22,441,990			131,368	2.34
Securities - tax-exempt		184,772			2,999	6.49			44,692			918	8.21
Interest bearing deposits in banks		7,496,380			4,956	0.26			2,406,880			1,513	0.25
Federal funds sold and securities purchased under resale agreements		282,457			110	0.15			389,999			146	0.15
Trading account assets		916,448			271	0.12			1,109,114			591	0.21
Total earning assets		68,235,083			694,021	4.06			74,497,629			718,456	3.85
Allowance for loan losses		(1,044,533	)						(1,374,656	)
Cash and due from banks		1,135,794							1,184,365
Premises and equipment, net		668,699							671,632
Other assets		5,357,606							7,286,067
Total assets	$	74,352,649						$	82,265,037
Liabilities
Deposits:
Transaction accounts	$	33,064,944			72,837	0.87		$	32,722,785			33,335	0.40
Savings and consumer time		4,486,545			12,572	1.11			7,944,796			16,605	0.83
Large time		7,430,960			15,965	0.85			8,722,935			19,558	0.89
Total interest bearing deposits		44,982,449			101,374	0.89			49,390,516			69,498	0.56
Federal funds purchased and securities sold under repurchase agreements		169,267			41	0.09			167,652			70	0.17
Commercial paper		472,246			355	0.30			661,913			398	0.24
Other borrowed funds ⁽¹¹⁾		262,441			604	0.91			196,474			438	0.88
Long-term debt		5,098,821			27,112	2.11			4,514,261			27,078	2.38
Trust notes		13,696			239	6.96			13,408			335	10.00
Total borrowed funds		6,016,471			28,351	1.87			5,553,708			28,319	2.02
Total interest bearing liabilities		50,998,920			129,725	1.01			54,944,224			97,817	0.71
Noninterest bearing deposits		14,471,487							15,431,963
Other liabilities		1,523,469							1,697,695
Total liabilities		66,993,876							72,073,882
Equity
UNBC Stockholder's equity		7,358,773							9,912,847
Noncontrolling interests		-							278,308
Total equity		7,358,773							10,191,155
Total liabilities and equity	$	74,352,649						$	82,265,037

Net interest income/spread (taxable-equivalent basis)					564,296	3.05	%					620,639	3.14	%
Impact of noninterest bearing sources						0.26							0.19
Net interest margin						3.31							3.33
Less: taxable-equivalent adjustment					3,260							2,584
Net interest income				$	561,036						$	618,055

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 10

	For the Three Months Ended
	June 30, 2010							September 30, 2010
				Interest		Average					Interest		Average
	Average			Income/		Yield/		Average			Income/		Yield/
(Dollars in thousands)	Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾		Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾
Assets
Loans: ⁽¹⁰⁾
Commercial, financial and industrial	$	14,586,256		$	167,566	4.61	%	$	14,628,126		$	176,212	4.78	%
Construction		2,145,010			15,570	2.91			1,946,412			15,290	3.12
Residential mortgage		16,984,464			226,871	5.34			17,196,030			225,937	5.26
Commercial mortgage		8,179,760			85,809	4.20			8,005,988			84,702	4.23
Consumer		3,919,221			43,049	4.41			3,900,424			43,528	4.43
Lease financing		640,843			6,214	3.88			638,469			6,013	3.77
Total loans, excluding FDIC covered loans		46,455,554			545,079	4.70			46,315,449			551,682	4.75
FDIC covered loans		1,371,524			25,796	7.54			1,789,505			32,238	7.17
Total loans		47,827,078			570,875	4.78			48,104,954			583,920	4.84
Securities - taxable		23,043,696			134,000	2.33			22,441,990			131,368	2.34
Securities - tax-exempt		44,794			924	8.25			44,692			918	8.21
Interest bearing deposits in banks		5,920,479			3,696	0.25			2,406,880			1,513	0.25
Federal funds sold and securities purchased under resale agreements		391,521			150	0.15			389,999			146	0.15
Trading account assets		907,864			611	0.27			1,109,114			591	0.21
Total earning assets		78,135,432			710,256	3.64			74,497,629			718,456	3.85
Allowance for loan losses		(1,459,394	)						(1,374,656	)
Cash and due from banks		1,202,081							1,184,365
Premises and equipment, net		672,285							671,632
Other assets		6,960,303							7,286,067
Total assets	$	85,510,707						$	82,265,037
Liabilities
Deposits:
Transaction accounts	$	37,607,938			48,001	0.51		$	32,722,785			33,335	0.40
Savings and consumer time		7,420,779			15,358	0.83			7,944,796			16,605	0.83
Large time		8,265,102			15,118	0.73			8,722,935			19,558	0.89
Total interest bearing deposits		53,293,819			78,477	0.59			49,390,516			69,498	0.56
Federal funds purchased and securities sold under repurchase agreements		138,242			41	0.12			167,652			70	0.17
Commercial paper		573,178			289	0.20			661,913			398	0.24
Other borrowed funds ⁽¹¹⁾		683,388			1,172	0.69			196,474			438	0.88
Long-term debt		4,718,371			27,175	2.31			4,514,261			27,078	2.38
Trust notes		13,431			327	9.74			13,408			335	10.00
Total borrowed funds		6,126,610			29,004	1.90			5,553,708			28,319	2.02
Total interest bearing liabilities		59,420,429			107,481	0.73			54,944,224			97,817	0.71
Noninterest bearing deposits		14,810,589							15,431,963
Other liabilities		1,367,302							1,697,695
Total liabilities		75,598,320							72,073,882
Equity
UNBC Stockholder's equity		9,630,657							9,912,847
Noncontrolling interests		281,730							278,308
Total equity		9,912,387							10,191,155
Total liabilities and equity	$	85,510,707						$	82,265,037

Net interest income/spread (taxable-equivalent basis)					602,775	2.91	%					620,639	3.14	%
Impact of noninterest bearing sources						0.18							0.19
Net interest margin						3.09							3.33
Less: taxable-equivalent adjustment					2,382							2,584
Net interest income				$	600,393						$	618,055

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Net Interest Income (Unaudited)
Exhibit 11

	For the Nine Months Ended
	September 30, 2009							September 30, 2010
				Interest		Average					Interest		Average
	Average			Income/		Yield/		Average			Income/		Yield/
(Dollars in thousands)	Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾		Balance			Expense ⁽¹⁾		Rate ⁽¹⁾⁽²⁾
Assets
Loans: ⁽¹⁰⁾
Commercial, financial and industrial	$	17,737,052		$	577,321	4.35	%	$	14,721,915		$	505,667	4.59	%
Construction		2,765,178			60,747	2.94			2,132,098			47,750	2.99
Residential mortgage		16,132,655			694,917	5.74			16,989,812			680,297	5.34
Commercial mortgage		8,256,389			283,076	4.57			8,139,165			256,904	4.21
Consumer		3,816,050			134,697	4.72			3,911,734			129,386	4.42
Lease financing		658,956			18,713	3.79			642,835			18,408	3.82
Total loans, excluding FDIC covered loans		49,366,280			1,769,471	4.78			46,537,559			1,638,412	4.70
FDIC covered loans		-			-	-			1,060,231			58,034	7.31
Total loans		49,366,280			1,769,471	4.78			47,597,790			1,696,446	4.76
Securities - taxable		9,166,395			307,165	4.47			22,992,783			408,142	2.37
Securities - tax-exempt		94,947			5,040	7.08			43,946			2,727	8.27
Interest bearing deposits in banks		4,664,896			9,406	0.27			4,959,386			9,264	0.25
Federal funds sold and securities purchased under resale agreements		227,832			348	0.20			413,946			415	0.13
Trading account assets		1,073,477			660	0.08			959,815			2,062	0.29
Total earning assets		64,593,827			2,092,090	4.32			76,967,666			2,119,056	3.67
Allowance for loan losses		(865,208	)						(1,413,666	)
Cash and due from banks		1,244,981							1,197,159
Premises and equipment, net		670,884							672,600
Other assets		5,355,766							6,762,183
Total assets	$	71,000,250						$	84,185,942
Liabilities
Deposits:
Transaction accounts	$	28,397,683			200,483	0.94		$	36,704,458			144,415	0.53
Savings and consumer time		4,394,706			42,057	1.28			7,119,678			43,908	0.82
Large time		7,090,250			64,058	1.21			8,207,186			45,214	0.74
Total interest bearing deposits		39,882,639			306,598	1.03			52,031,322			233,537	0.60
Federal funds purchased and securities sold under repurchase agreements		194,562			113	0.08			170,413			148	0.12
Commercial paper		586,754			2,901	0.66			604,153			927	0.21
Other borrowed funds ⁽¹¹⁾		2,472,324			17,697	0.96			529,289			2,812	0.71
Long-term debt		4,994,660			84,056	2.25			4,597,436			80,494	2.34
Trust notes		13,808			715	6.90			13,438			930	9.23
Total borrowed funds		8,262,108			105,482	1.71			5,914,729			85,311	1.93
Total interest bearing liabilities		48,144,747			412,080	1.14			57,946,051			318,848	0.74
Noninterest bearing deposits		13,644,163							14,879,310
Other liabilities		1,878,593							1,448,563
Total liabilities		63,667,503							74,273,924
Equity
UNBC Stockholder's equity		7,332,747							9,693,370
Noncontrolling interests		-							218,648
Total equity		7,332,747							9,912,018
Total liabilities and equity	$	71,000,250						$	84,185,942

Net interest income/spread (taxable-equivalent basis)					1,680,010	3.18	%					1,800,208	2.93	%
Impact of noninterest bearing sources						0.29							0.19
Net interest margin						3.47							3.12
Less: taxable-equivalent adjustment					8,625							7,407
Net interest income				$	1,671,385						$	1,792,801

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries
Reconciliation of Non-GAAP Measures (Unaudited)
Exhibit 12

The following table presents a reconciliation between certain Generally Accepted Accounting Principles (GAAP) amounts and specific non-GAAP measures as used to compute selected non-GAAP financial ratios.

	As of and for the Three Months Ended															For the Nine Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
(Dollars in thousands)	2009			2009			2010			2010			2010			2009			2010

Net income (loss) attributable to UNBC	$	(17,029	)	$	41,883		$	77,344		$	153,759		$	169,779		$	(106,844	)	$	400,882
Privatization-related expense, net of tax		(460	)		2,993			3,128			259			266			20,414			3,653
Net accretion and amortization related to privatization-related fair value adjustments, net of tax		11,832			10,556			9,016			8,170			8,358			25,115			25,544
Net income (loss) attributable to UNBC, excluding impact of privatization transaction	$	(5,657	)	$	55,432		$	89,488		$	162,188		$	178,403		$	(61,315	)	$	430,079

Average total assets	$	74,352,649		$	81,964,956		$	84,810,109		$	85,510,707		$	82,265,037		$	71,000,250		$	84,185,942
Net adjustments related to privatization transaction		2,590,543			2,569,276			2,547,358			2,528,555			2,508,603			2,607,236			2,528,030
Average total assets, excluding impact of privatization transaction	$	71,762,106		$	79,395,680		$	82,262,751		$	82,982,152		$	79,756,434		$	68,393,014		$	81,657,912
Return on average assets ⁽²⁾		(0.09	%)		0.20	%		0.37	%		0.72	%		0.82	%		(0.20	%)		0.64	%
Return on average assets, excluding impact of privatization transaction ⁽²⁾		(0.03	%)		0.28	%		0.44	%		0.78	%		0.89	%		(0.12	%)		0.70	%

Average UNBC stockholder's equity	$	7,358,773		$	9,405,635		$	9,532,428		$	9,630,657		$	9,912,847		$	7,332,747		$	9,693,370
Net adjustments related to privatization transaction		2,418,824			2,416,677			2,412,648			2,408,987			2,404,883			2,410,287			2,408,811
Average UNBC stockholder's equity, excluding impact of privatization transaction	$	4,939,949		$	6,988,958		$	7,119,780		$	7,221,670		$	7,507,964		$	4,922,460		$	7,284,559
Return on average UNBC stockholder's equity ⁽²⁾		(0.92	%)		1.77	%		3.29	%		6.40	%		6.80	%		(1.95	%)		5.53	%
Return on average UNBC stockholder's equity, excluding impact of privatization transaction ⁽²⁾		(0.45	%)		3.15	%		5.10	%		9.01	%		9.43	%		(1.67	%)		7.89	%

Noninterest expense	$	505,815		$	529,245		$	524,572		$	584,200		$	562,619		$	1,559,256		$	1,671,391
Less: Foreclosed asset expense (income)		(144	)		2,315			(198	)		871			5,898			4,024			6,571
Less: Provision for (reversal of) losses on off-balance sheet commitments		6,000			4,000			(5,000	)		1,000			(8,000	)		47,000			(12,000	)
Less: Low income housing credit investment amortization expense		13,064			14,825			13,526			14,247			13,251			34,256			41,024
Less: Expenses of the consolidated VIEs		-			-			5,039			5,825			6,238			-			17,102
Less: Merger costs related to acquisitions		-			-			-			12,819			11,177			-			23,996
Net noninterest expense before privatization adjustments (a)	$	486,895		$	508,105		$	511,205		$	549,438		$	534,055		$	1,473,976		$	1,594,698
Privatization-related expense		6,649			4,981			5,153			426			438			40,901			6,017
Amortization related to privatization-related fair value adjustments		42,548			39,743			33,740			32,303			32,267			126,984			98,310
Net noninterest expense, excluding impact of privatization transaction (b)	$	437,698		$	463,381		$	472,312		$	516,709		$	501,350		$	1,306,091		$	1,490,371

Total revenue (c)	$	748,225		$	765,698		$	786,699		$	847,069		$	838,582		$	2,221,868		$	2,472,350
Accretion related to privatization-related fair value adjustments		23,060			21,799			18,889			18,845			18,500			85,616			56,234
Total revenue, excluding impact of privatization transaction (d)	$	725,165		$	743,899		$	767,810		$	828,224		$	820,082		$	2,136,252		$	2,416,116
Core efficiency ratio (a)/(c) ⁽⁵⁾		65.07	%		66.36	%		64.98	%		64.86	%		63.69	%		66.34	%		64.50	%
Core efficiency ratio, excluding impact of privatization transaction (b)/(d)		60.36	%		62.29	%		61.51	%		62.39	%		61.13	%		61.14	%		61.68	%

Total UNBC stockholder's equity	$	9,475,004		$	9,580,333		$	9,706,081		$	9,941,892		$	10,133,066
Less: Goodwill		2,369,326			2,369,326			2,369,326			2,431,583			2,431,583
Less: Intangible assets		601,140			561,040			529,247			517,426			486,688
Less: Deferred tax liabilities related to goodwill and intangible assets		(231,449	)		(215,847	)		(203,436	)		(191,627	)		(179,818	)
Tangible common equity (e)	$	6,735,987		$	6,865,814		$	7,010,944		$	7,184,510		$	7,394,613
Tier 1 capital, determined in accordance with regulatory requirements ⁽⁸⁾	$	7,416,069		$	7,484,516		$	7,581,313		$	7,681,746		$	7,861,362
Less: Trust preferred securities		13,000			13,000			13,000			13,000			13,000
Tier 1 common equity (f)	$	7,403,069		$	7,471,516		$	7,568,313		$	7,668,746		$	7,848,362
Total assets	$	78,153,207		$	85,598,128		$	85,471,296		$	84,311,683		$	79,826,417
Less: Goodwill		2,369,326			2,369,326			2,369,326			2,431,583			2,431,583
Less: Intangible assets		601,140			561,040			529,247			517,426			486,688
Less: Deferred tax liabilities related to goodwill and intangible assets		(192,569	)		(179,589	)		(169,263	)		(159,438	)		(179,818	)
Tangible assets (g)	$	75,375,310		$	82,847,351		$	82,741,986		$	81,522,112		$	77,087,964
Risk-weighted assets, determined in accordance with regulatory requirements (h) ⁽⁸⁾	$	63,956,189		$	63,298,173		$	63,293,568		$	64,301,375		$	64,078,897
Tangible common equity ratio (e)/(g) ⁽⁶⁾		8.94	%		8.29	%		8.47	%		8.81	%		9.59	%
Tier 1 common capital ratio (f)/(h) ⁽⁸⁾		11.58	%		11.80	%		11.96	%		11.93	%		12.25	%

Refer to Exhibit 13 for footnote explanations.

UnionBanCal Corporation and Subsidiaries

Footnotes
Exhibit 13


⁽¹⁾		Yields and interest income are presented on a taxable-equivalent basis using the federal statutory tax rate of 35 percent.
⁽²⁾		Annualized.
⁽³⁾		Total securities consist of securities available for sale and securities held to maturity.
⁽⁴⁾		Core deposits consist of total deposits, excluding brokered deposits and time deposits of $100,000 and over.
⁽⁵⁾		The core efficiency ratio is net noninterest expense (noninterest expense excluding foreclosed asset expense (income), the (reversal of) provision for losses on off-balanced sheet commitments, low income housing credit investment amortization expense, expenses of the consolidated VIEs and merger costs related to the acquisitions of certain assets of Frontier Bank and Tamalpais Bank as a percentage of total revenue (net interest income (taxable-equivalent basis) and noninterest income. Please refer to Exhibit 12 for a reconciliation of noninterest expense used in the calculation of the core efficiency ratio.
⁽⁶⁾		The tangible common equity ratio, a non-GAAP financial measure, is calculated as tangible equity divided by tangible assets. The methodology of determining tangible common equity may differ among companies. The tangible common equity ratio has been included to facilitate the understanding of the Company's capital structure and for use in assessing and comparing the quality and composition of UnionBanCal's capital structure to other financial institutions. Please refer to Exhibit 12 for a reconciliation between certain GAAP amounts and these non-GAAP measures.
⁽⁷⁾		The Tier 1 common capital ratio is the ratio of Tier 1 capital, less qualifying trust preferred securities, to risk weighted assets. The Tier 1 common capital ratio, a non-GAAP financial measure, has been included to facilitate the understanding of the Company's capital structure and for use in assessing and comparing the quality and composition of UnionBanCal's capital structure to other financial institutions. Please refer to Exhibit 12 for a reconciliation between certain GAAP amounts and these non-GAAP measures.
⁽⁸⁾		Estimated as of September 30, 2010.
⁽⁹⁾		The allowance for credit losses ratios include the allowances for loan losses and losses on off-balance sheet commitments.
⁽¹⁰⁾		Average balances on loans outstanding include all nonperforming loans and loans held for sale. The amortized portion of net loan origination fees (costs) is included in interest income on loans, representing an adjustment to the yield.
⁽¹¹⁾		Includes interest bearing trading liabilities.
⁽¹²⁾		These ratios exclude the impact of the privatization transaction. Please refer to Exhibit 12 for a reconciliation between certain GAAP amounts and these non-GAAP measures.
⁽¹³⁾		These ratios exclude the impact of the acquired loans and foreclosed assets, which are covered under loss share agreements between Union Bank, N.A. and the Federal Deposit Insurance Corporation. Such agreements are related to the April 2010 acquisitions of certain assets and assumption of certain liabilities of Frontier Bank and Tamalpais Bank.
⁽¹⁴⁾		Excludes loans totaling $325.7 million that are 90 days or more past due and still accruing at September 30, 2010, which consisted of FDIC covered loans accounted in accordance with the accounting standards for acquired impaired loans.
nm = not meaningful
N/A = not applicable for periods prior to the April 2010 Frontier and Tamalpais transactions.

CONTACT:
UnionBanCal Corporation
Thomas Taggart, 415-765-2249 (Public Relations)
Michelle Crandall, 415-765-2780 (Investor Relations)