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Union Bank says no new round of layoffs

By John Palminteri, KEYT - KCOY - KKFX Senior Reporter, johnp1250@aol.com
Published On: Mar 19 2013 03:57:12 PM CDT
Updated On: Mar 20 2013 12:55:36 AM CDT

Union Bank is in the process of consolidating its services since the merger with Santa Barbara Bank and Trust late last year. A bank official says no new layoffs will take place, beyond what was announced in December.

SANTA BARBARA, Calif. -

Union Bank is in the process of consolidating its services since the merger with Santa Barbara Bank and Trust late last year. A bank official says no new layoffs will take place, beyond what was announced in December.

At that time, about 468 employees were told their jobs would be eliminated as part of the consolidation plan.  That is expected to start happening in the next 60 days.

Union Bank has been assisting those employees by holding jobs fairs including one set for this weekend.

The exact jobs that are being consolidated have not been released.

"We are partnering with local companies and other banks on a job fair, in an effort to do all we can to help folks find good, local jobs," said Union Bank Senior Vice President, Daniel Weidman in a written statement to NewsChannel 3.

The bank also says customers will soon see more changes, with new signs at each branch and ATM machines in the coming months displaying the Union Bank name.

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