MUFG Americas Holdings Corporation
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Who owns MUFG Union Bank?
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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.
Dec 1, 2022 · Under the terms of the definitive agreement announced in September 2021, U.S. Bancorp purchased MUFG Union Bank for $5.5 billion in cash and approximately 44 million shares of U.S. Bancorp common stock. At transaction close, MUFG holds a minority stake of approximately 3% in U.S. Bancorp.
Sep 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 ...
Tokyo/New York, September 21, 2021 --- MUFG and MUFG Bank, a core banking subsidiary of MUFG, today announced that they have agreed with U.S. Bancorp (USB) to the sale of all shares in MUFG Union Bank, N.A. (MUB), MUFG’s subsidiary owned through MUFG Americas Holdings Corporation (MUAH), and pursuant to the respective resolutions of the ...
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.
May 16, 2022 · The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.
Sep 21, 2021 · Mitsubishi UFJ Financial Group has agreed to sell its US consumer banking business to US Bancorp for $8bn, a deal that ends its ambition to build a large retail business in America and...
