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The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Monday, July 20th, 2009
Posted by Kelly Kearsley @ 03:26:40 pm

I'm spending the next few weeks meeting with the candidates for the three Port of Tacoma commission seats that are up for election this fall.

Candidate Conversations provides some highlights from these informal interviews and justifies me expensing a cup of coffee.

This morning I met with Cathy Pearsall-Stipek, the former Pierce County Auditor who is running for commission position #4. That seat is being vacated by retiring commissioner Ted Bottiger.

Pearsall-Stipek, 77, is running against Don Meyer, who is the director of the Foss Waterway Development Authority.

We had coffee in Pearsall-Stipek's pool house, which is where she keeps her office. Here's a few excerpts from our conversation.

Pearsall-Stipek has opted not to raise or spend more than $5,000 for her campaign -- a move that reduces the amount of reports she needs to file with the state's public disclosure commission.

That means you likely won't see mailings, ads or a swarm of Pearsall-Stipek signs posted all over the county.

I asked why she's running such a low-key campaign.

Pearsall-Stipek said she's counting on voters to recognize her name from the 10 years (1993 to 2002) she spent as auditor.

(Her name was printed on everything from marriage certificates to property records and people remember that, she said).

"I feel that I've been in front of people for over 30 years," she said. "Those that know me know what I do and new people will be able to read about me in the voters' pamphlet."

=> Read more!

Categories: Port and trade
Posted by C.R. Roberts @ 12:40:21 pm

As Union Bank releases news of its new brand, J.D. Power and Associates has come out with a look at what attracts clients to the banks they love.

It's the brand image.

"Thirty-six percent of a shopper's selection decision is driven by the bank's brand image, while branch proximity (21 percent) and products and services (14 percent) also considerably influence which bank shoppers ultimately choose," the Power report – issued last week – said.

And while such things as perceived financial stability and reliability "can be difficult for a bank to improve," still, "branch employees can positively impact a bank's image by providing personal service, communicating proactively and having a customer-driven focus."

Concerning the importance of word-of-mouth, the report said "positive recommendations drive 36 percent of a shopper's consideration."

J.D. Power and Associates is is a California-based global marketing information service company.

Categories: Banking
Posted by C.R. Roberts @ 12:14:22 pm

After changing its name last December – from Union Bank of California N.A. to more simple and global Union Bank N.A. – the parent company UnionBanCal today announced a new corporate identity and logo.

"Today marks a significant milestone in our bank's history, and I am confident that our customers and employees will embrace this exciting change," said Union Bank President and CEO Masaaki Tanaka.

The new logo embraces a stylized "U" that "is focused on the community and 'You, the customer,'" Tanaka said in a release today.

"While we have had a three-state charter – California, Oregon and Washington – for more than 100 years, we also have offices in several major U.S. and international markets where we've been expanding our footprint in commercial real estate, energy and utilities lending, and commercial banking," he said.

The new brand, he said, "will better position us for future growth."

At last check, Union Bank, which trades under the symbol MTU, was selling at $5.85 per share, up 11 cents on the day. The stock is trading down 5.8 percent year-to-date.

UPDATE: There has been some confusion (on my part) on exactly where and by which ticker the bank trades. I've heard today from a Union Bank spokeswoman that "Union Bank doesn’t trade under MTU – UnionBanCal Corporation is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.

Which trades on the NYSE as MTU.

I hope that clears up any misunderstanding.

Categories: Banking