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- MINNEAPOLIS & NEW YORK -- (BUSINESS WIRE)-- 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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Sep 21, 2021 · Under the terms of the agreement, U.S, Bancorp will purchase MUFG Union Bank for approximately $8 billion, including $5.5 billion in cash and approximately 44 million shares of U.S. Bancorp common stock.1 Upon close of the transaction, MUFG will hold a minority stake of approximately 2.9% in U.S. Bancorp.
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 borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities ...
Mar 21, 2024 · A top US banking regulator has proposed new rules that would make it harder to complete big bank mergers, after a clutch of lenders with more than $100bn in assets ran into difficulties.
Oct 14, 2022 · The acquisition is expected to close before the end of 2022, subject to the satisfaction of closing conditions set forth in the agreement between the banks. “We are pleased to have received U.S. regulatory approval,” said U.S. Bank chairman, president and CEO Andy Cecere.
Feb 7, 2019 · BB&T, SunTrust merge to create nation’s 6th largest bank. NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S.
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).
Oct 14, 2022 · The Office of the Comptroller of the Currency (OCC) today conditionally approved the merger of MUFG Union Bank, National Association, San Francisco, California, into U.S. Bank, National Association (U.S. Bank).
