Union Bank and Trust Company

BankingMinnesota, United States11-50 Employees

Founded in 1976 by 24 construction and trade unions, Union Bank & Trust (UBT) remains one of the few financial institutions in America that is proudly union-owned and union-controlled. For nearly 50 years, we’ve delivered world-class banking and trust services with the personal touch of a community bank—and a mission that’s never changed: to serve the working men and women who build, power, and move this country forward.

As a Minnesota-based, FDIC-insured, state-chartered institution, we combine the capabilities of a major financial firm with the responsiveness and values of our union roots. Our clients—from local building trades to national labor organizations and working families—count on UBT for customized, client-first financial solutions.

In 1982, we expanded with the launch of our Trust Division, becoming a leading custodian of Taft-Hartley benefit plans. Today, we safeguard over $11 billion in assets for pension, health & welfare, and vacation funds nationwide, earning a reputation as one of the country’s most trusted labor-focused institutions.

We also know that innovation and job creation go hand in hand. That’s why for over a decade, we’ve been a pioneer in cannabis-related banking—providing stable, transparent services without hidden fees or discriminatory “canna taxes.” Because we believe in fair, responsible banking that fuels progress and supports the industries building Minnesota’s future.

At UBT, we don’t just manage money. We protect legacies, empower workers, and invest in the future of working people—just as our founders intended!

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