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ClosedPublished 3 Aug 2023

U.S. Bancorp /
MUFG Union Bank, N.A.’s core regional banking franchise

U.S. Bancorp adds MUFG Union Bank’s regional franchise

Buy side: U.S. Bancorp
Buy sideU.S. Bancorp
Target: MUFG Union Bank, N.A.’s core regional banking franchise
TargetMUFG Union Bank, N.A.’s core regional banking franchise
Source · 3 Aug 2023
See the source
Buy side: U.S. Bancorp
Buy sideU.S. Bancorp
Target: MUFG Union Bank, N.A.’s core regional banking franchise
TargetMUFG Union Bank, N.A.’s core regional banking franchise
01 / BuyerU.S. Bancorp
02 / TargetMUFG Union Bank, N.A.’s core regional banking franchise
01

What happened

U.S. Bancorp completed its acquisition of MUFG Union Bank, N.A.’s core regional banking franchise on Dec. 1, 2022. The transaction included $5.5 billion in cash, subject to customary adjustments, and 44,374,155 shares of U.S. Bancorp common stock.

MUFG Americas Holdings Corporation sold the outstanding shares of MUFG Union Bank, N.A. Terms also included $3.5 billion in cash that U.S. Bancorp is required to repay by Dec. 1, 2027.

02

The source

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01
Source · Original source

U.S. Bancorp adds MUFG Union Bank’s regional franchise

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03

Timeline

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  1. Closed

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