Online Bank Info

Online Bank Info

UBS Bank USA

UBS Bank USA, a fully-owned subsidiary of UBS AG, is based in Salt Lake City, Utah. It offers wealth management, investment banking and asset & liability management solutions to an exclusive group of clients consisting of affluent individuals, corporate bigwigs and business magnates.

Falling in the category of Utah industrial bank, it is invariably regulated by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. The deposit accounts at UBS Bank USA are, thus, FDIC-insured and the lending services to investors are backed by securities. At some places, UBS services are accessible through its affiliate UBS Financial Services, Inc.

UBS AG, the parent company, is based in Basel and Zurich in Switzerland. It is regarded as a world leader in investment banking, asset management and wealth management. With operations in more than 50 countries worldwide, it is a well-known global financial services company the world over.

The bank also provides services like private banking, corporate banking, private equity, consumer banking, finance & insurance, mortgages, and credit cards in one location or the other. Originally known as Union Bank of Switzerland, which traces its history to 1854, UBS now represents the company that came into existence after a merger of Union Bank of Switzerland and Swiss Bank Corporation in 1998.

UBS deposit accounts in the US are insured by the FDIC to a maximum of $250,000 per depositor including principal and accrued interest. Under the Premier Fixed Credit Line, the bank can advances a loan of $100,000 or more to individuals and businesses. One can also borrow from UBS Bank USA under a Premier Variable Credit Line at a variable interest rate, which has a reference rate based on the 30-day London Interbank Offered Rate (LIBOR).

Bank Name UBS Bank USA
Year of Establishment 9/15/2003
FDIC Insured Since 9/15/2003
FDIC Certificate No 57565
Number of Branches 1 domestic + 0 foreign
Number of ATMs
Number of Employees 134
Number of States Served 1 State
Services Offered (Available Accounts)
Mobile and Online Banking
Assets (June 30, 2014) 44,982,782
Deposits (June 30, 2014) 40,508,678
Equity Capital (June 30, 2014) 4,288,567
Net Income (June 30, 2014) 110,805
Primary Federal Regulator Federal Deposit Insurance Corporation (FDIC)
Consumer Assistance https://www2.fdic.gov/starsmail/index.asp
Address 299 South Main Street, Suite 2275, Salt Lake City,UT 84111
Phone
Website http://www.ubs.com

(Courtesy: FDIC as on June 30, 2014)


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