SAN FRANCISCO - Union Bank, the U.S. retail banking unit of Bank of Tokyo, said net income more than doubled to $28.9 million for the fourth quarter compared with $12.4 million for the same period a year ago.

Earnings for the year were down 9.4% to $75.3 million. Fourth-quarter earnings per share nearly tripled to 73 cents per common share compared with 27 cents a year ago, while earnings for the year fell to $1.80 from $2.11.

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