U.S. Bancorp to Acquire MUFG Union Bank
Enhances U.S. Bank's existing West Coast franchise
U.S. Bank to leverage existing platforms and best-in-class technologies and products to serve MUFG Union Bank customers and efficiently integrate the franchise
All MUFG Union Bank front-line branch employees will be retained
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.
Under the terms of the agreement, U.S, Bancorp
