Union Bank (Pakistan)
Prior to the merger, it was Pakistan's eighth largest bank and had 65 branches in some 22 cities, about US$2 billion in assets, and about 400,000 customers.Then in July 2001, Union Bank signed an Independent Operator agreement for American Express Cards in Pakistan.Under Pakistani law, it had to delist Union Bank and make an offer for the outstanding shares; the offer raised the total purchase price to about US$511.On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary in Pakistan, which has 46 branches in 10 cities.[3][4][5] This Asian bank-related article is a stub.