City Union Bank

YEAR                                                           
 EVENTS
 1904 - The Bank was incorporated at Chennai.  The Bank transacts all
        kinds of banking business.
 
 1966 - 669 Shares were forfeited of dissenting shareholders of the
        Kumbakonam Bank Ltd.
 
 1982 - 6,486 right shares issued at par.
 
 1986 - Equity shares subdivided prior to 1986.  1,00,000 No. of
 equity
        shares of Rs 10 each issued at par as rights in prop. 1:1
 during
        the year.
 
 1987 - With effect from 9th December, the name of the bank was
 changed
        from The Kumbakonam City Union Bank, Ltd. to City Union Bank,
        Ltd.
 
      - 3,00,000 rights equity shares issued at par in prop. 3:2.
 
 1990 - A full fledged international banking division of the bank was
        inaugurated at 706, Mount Road, Chennai.  This division was
 to
        deal in all types of foreign exchange business undertaken by
 the
        bank.
 
      - 5,00,000 rights equity shares issued at par in prop. 1:1.
 
 1993 - 30,00,000 rights equity shares issued at par.
 
 1995 - The Bank came out with a simultaneous unlinked issue of
 90,000
        No. of equity shares of Rs 10 each at a premium of Rs 10 per
        share and 45,000 unsecured zero interest FCD's of Rs 1000
 each
        for cash at par.
 
 1997 - 60,000,000 bonus shares issued in prop. 1:2.  66,000,000 No.
 of
        equity shares issued on conversion of FCDs.
 
 2000 - The Bank opened its branches at Purasawalkam, Chennai on
 December 13
              and at Anna Nagar, Chennai on December 14.
 
 2001 - The Bank has opened its branch at Srirangam, Tiruchi district
 on January 29.
 
 2002
 
 -Introduces various loan schemes like CUB Sulabh CUB Consumer loan,
 CUB Swayam Griha and CUB Vidhya Vaani.
 
 -Opens a branch at Rajahmundry on March 27, at fort-Mumbai and
 Thrissur (Kerala).
 
 -Shri S Rajarathnam and Mr Venktatasubban, co-opted as the Director
 of the company.
 
 -Apoints Mr Jayaraman as the Director on the Board of the company.
 
 2003
 
 -Ties-up with National Insurance for bancassurance.
 
 -Opens two branches at Kakinada,Bhimavaram and Tenali in
 AndhraPradesh.
 
 -Starts a branch at Kovilpatti, TamilNadu.
 
 -Joins hands with LIC for offering Insurance linked banking products
 which will add value to depositors and borrowers.
 
 -Shri P Vaidhyanathan is co-opted as the Director on the Board of the
 company.
 
 -Opens branch at Ashok Nagar, Chennai (Tamilnadu State)
 
 2004
 
 -City Union Bank Ltd has opened a Branch at Kozhikode (Kerala State)
 on May 21, 2004
 
 -City Union Bank Ltd has informed that they have opened the Branch at
 Eluru (Andhra Pradesh) on July 5, 2004
 
 -Launches new 'Any Branch Banking' services on 28 october, 2004
 
 2005
 
 -City Union Bank opens Branch at Udumalpet(Tamil Nadu) on April 22,
 2005
 
 -City Union Bank Ltd has tied up with Export Credit & Guarantee
 Corporation Ltd (ECGC) for marketing export credit insurance products
 through its branch network
 
 -City Union Bank unveils debit cards
 
 2007
 
 - City Union Bank has inked an `e-remittance' service agreement with
 Qatar-headquartered Doha Bank QSC. The agreement envisages electronic
 remittance of funds by NRI clients of CUB (in West Asian countries) to
 designated beneficiaries accounts in any of the 165 branches of the
 bank stating that this is first agreement for CUB with a foreign
 bank.
 
 - City Union Bank Ltd has informed that the Bank has opened the
 Branch at Nandyal (Andhra Pradesh) on August 03, 2007.