Intricately engraved antique stock certificate from Unionamerica, Inc. dating back to the 1970's. This document, which carries the printed signatures of the company President and Secretary, was printed by the Jeffries Bank Note Company, and measures approximately 12" (w) by 8" (h).
This certificate's beautiful vignette features an allegorical female figure holding a palm branch and a torch.
This company was originally formed in 1967 as the Union Bancorp to assume the ownership of Union Bank of California and to create new opportunities for expanding into diversified areas of financial services. The day after the formation of the bank holding company, Union Bank acquired one of the largest mortgage firms in the United States, Western Mortgage Corporation.
The company name was changed to Unionamerica, Inc. in 1969.
When the Bank Holding Company Act was passed in 1970, describing strict limitations on the activities of bank holding companies and requiring that some of these activities be divested, Unionamerica changed its name back to Union Bancorp and reorganized its operations, including the operations of all its subsidiaries.
In 1977, the name of the company was changed to Westmor Corporation.