UnionBanCal Corp.’s (UB) Northwest Expansion
San Francisco-based Union Bank of California (UB) is looking to Portland, Ore., and Seattle as key growth areas. These two Pacific Northwest cities are seeing population and deposit growth that far exceeds the bank's Bay Area home base. "The growth rate of Portland and Seattle is about twice as fast as San Francisco's," said Scott Hagel, market president overseeing the bank's Central Valley and Pacific Northwest commercial banking operations. So far the bank has added a handful of staff in Seattle and Portland, primarily commercial bankers, real estate relationship managers and wealth advisers. Brick-and-mortar expansion is also on the drawing…