Union Bank, Felton Branch.

The Bank of Tokyo California, bought Union Bank in 1988. In April 1996, Mitsubishi Bank, Ltd. and the Bank of Tokyo, Ltd. merged in Japan. In California, Bank of Tokyo's subsidiary Union Bank merged with Mitsubishi Bank's subsidiary, Bank of California to become, Union Bank of California, N.A. by merging the two names. By 2008, the name changed to Union Bank. The official business name is MUFG Union Bank, National Association. The parent corporation is MITSUBISHI UFJ FINANCIAL GROUP, INC.  They are one of the top 10 finance companies in the world. The world headquarters are in Toyoko, Japan.

The Felton Branch of Union Bank started as County Bank (of Santa Cruz), then Pacific Western Bank, then Comerica Bank. Comerica sold the building, and it became an office building with several (small) offices inside. It is now Union Bank. The Bay Avenue Branch started as Gavilan Bank about 1975, then became First Interstate Bank in 1981, then later sold to Union Bank when First Interstate Bank was bought by Wells Fargo Bank in 1996. The Watsonville Branch was a Monterey Bay Bank. It was bought by Union Bank in 2003.

In 2013 the Branch on 35 East Lake Avenue moved to 655 Main Street. The last day of operation for the branch on East Lake Avenue was April 19, 2013.  The web site of Union Bank still listed the East Lake Avenue branch as being active after it moved to Main Street.

Union Bank took over operations of all Santa Barbara Bank & Trust in April 2013.

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