|Earlier City Union Bank Ltd. name was 'The Kumbakonam Bank Limited'. It was incorporated as a limited company on 31st October,1904. The bank started working as a regional bank and made its place in Delta District Thanjavur. In April, 1965, two other local banks viz., 'The City Forward Bank Limited' and 'The Union Bank Limited' were merged with the Bank and later six more branches were added to it - Kumbakonam-Town, Nannilam, Koradacherry, Tiruvidaimarudur, Tirupanandal and Kuttalam. Consequently, the Bank's name was changed to 'The Kumbakonam City Union Bank Limited'. The Bank started it's own Staff Training College on 21st August, 1989 at Kumbakonam with the avowed objective of imparting need based and result oriented training to its Staff Members irrespective of the cadre.
The Bank has entered into Memoranda of understanding with Life Insurance Corporation of India and National Insurance Company Limited for selling insurance products. The Bank has been granted license by Insurance Regulatory Authority of India [IRDA] to act as Corporate Agent. The bank has tied-up with IDBI Bank Ltd., and UTI Bank Ltd., for issuing at par cheques and sending outstation bills for collection. Bank offers account opening facility various deposit schemes, forex serices.
|The Bank, as on 01/02/2009 is having a network of 202 Branches spread across the country. Bank has branches at Aduthurai, Kodavasal, Valangaiman, Jayankondacholopuram and Ariyalur, Sultanpet in Tamilnadu, Bangalore in Karnataka, etc. Automated Teller Machines are available at select branches of the bank where the ATM Card holders can withdraw cash, make balance inquiries and obtain Statement of accounts.