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Corporate

Apr. 29, 2003

UnionBanCal Buys Monterey Bancorp

By Toni Vranjes San Francisco's UnionBanCal Corp. has agreed to buy Monterey Bay Bancorp Inc. for $96.5 million in cash and stock, giving it several new branches in central California.

By Toni Vranjes
        San Francisco's UnionBanCal Corp. has agreed to buy Monterey Bay Bancorp Inc. for $96.5 million in cash and stock, giving it several new branches in central California.
        Monterey Bay, based in Watsonville, has $610 million in assets and eight branches in the Greater Monterey Bay area. UnionBanCal has $40.2 billion in ...

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