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- MINNEAPOLIS and NEW YORK – September 21, 2021 – U.S. Bancorp (NYSE: USB) today announced that it has entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (NYSE: MUFG) in a transaction that will bring together two premier organizations with a focus on being the leader in serving customers and communities in California, Washington and Oregon.
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results of U.S. Bancorp, including changes in asset quality and credit risk, the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer
Sep 21, 2021 · With the acquisition, U.S. Bank will gain more than 1 million loyal consumer customers and about 190,000 small business customers on the West Coast in addition to approximately $58 billion in loans and $90 billion in deposits based on MUFG Union Bank’s June 30, 2021 balance sheet.
Dec 1, 2022 · MINNEAPOLIS – U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG).
Sep 22, 2021 · Decent dividend, superior risk-adjusted returns, and attractive Union Bank acquisition deal structure make US Bank a solid hold.
Sep 21, 2021 · U.S. Bancorp ended years of speculation with its $8 billion acquisition of MUFG Union Bank NA, joining the wave of consolidation sweeping U.S. regional banks.
- Max Reyes
Oct 14, 2022 · USB-PQ. WASHINGTON, Oct 14 (Reuters) - The Federal Reserve announced Friday it had approved an application by U.S. Bancorp to acquire MUFG Union Bank. The $8 billion deal to acquire the...
Oct 14, 2022 · Approval of the U.S. Bank deal leaves two multibillion-dollar acquisitions on the Fed’s consideration list: BMO’s $16.3 billion proposed acquisition of Bank of the West, and TD’s $13.4 billion merger with First Horizon. Public comments on the Fed’s regulatory proposal will be taken for 60 days.
