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Sep 21, 2021 · U.S. Bancorp announces a definitive agreement to buy MUFG Union Bank's core regional banking franchise in California, Washington and Oregon for $8 billion. The acquisition will enhance U.S. Bank's deposit position, customer base and digital banking tools in the West Coast markets.
Dec 1, 2022 · MUFG completed the sale of MUFG Union Bank’s core regional banking franchise to U.S. Bancorp for $5.5 billion in cash and stock in December 2022. MUFG remains one of the largest foreign banking organizations in the U.S. and focuses on wholesale businesses in the Americas.
Sep 21, 2021 · U.S. Bank announces a definitive agreement to buy MUFG Union Bank's core regional banking franchise in California, Washington and Oregon for $8 billion. The acquisition will enhance U.S. Bank's deposit position, customer base and digital banking tools in the West Coast markets.
Union Bank was an American national bank with 398 branches in California, Washington and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.
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U.S. Bancorp announces its intent to buy Union Bank, a West Coast franchise of Mitsubishi UFJ Financial Group, in a deal that enhances scale, share, and value. The presentation outlines the strategic and financial benefits, the market opportunity, and the integration plan of the proposed acquisition.
Oct 19, 2022 · U.S. Bancorp has received all regulatory approvals to complete the acquisition of MUFG Union Bank's core regional banking franchise from Mitsubishi UFJ Financial Group. The transaction is expected to close on December 1 and will add more than 1 million customers and significant loans and deposits to U.S. Bank.
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