Get Mitsubishi UFJ Financial Group, Inc. Notice Concerning Change Of ... - Mufg

Mitsubishi UFJ Financial Group Mitsubishi UFJ Trust and Banking Corporation / Parent organization

(BTMU) was renamed to MUFG Bank, Ltd. When it was called MUFG UnionBank, it was a subsidiary of intermediate holding company, MUFG Americas Holdings Corporation, and a member of the Mitsubishi UFJ Financial Group. In December 2022, the bank was acquired by U.S. Bancorp for $8 billion.

History 2022Transferred all shares of MUFG Union Bank, N.A. to U.S. Bancorp / Investment in Shares of U.S. Bancorp2018Bank of Tokyo-Mitsubishi UFJ rebranded to MUFG BankStrategic investment in Bank Danamon, Indonesia2017MUFG Re-Imagining Strategy announced23 more rows

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.

The core banking units of the group, Bank of Tokyo-Mitsubishi and UFJ Bank, were merged on 1 January 2006, to form MUFG Bank.

Mitsubishi UFJ Trust and Banking (the Trust Bank) was established in 1927, and has been in business for approximately 100 years. The Trust Bank is a wholly owned subsidiary of MUFG and a core MUFG company.

MUFG Union, which was acquired by U.S. Bank last year, misled customers about various fee discounts and waivers tied to its Private Bank Program and safe deposit box rentals, the OCC said.

Minneapolis-based U.S. Bank acquired Japanese-owned Union Bank in December, and the merged company will now close at least 145 branches that are either U.S. Bank or Union Bank locations all over California, including in San Luis Obispo County.