Mufg completes sale of mufg union bank, n.a. to u.s. bancorp

New york , dec. 1, 2022 /prnewswire/ -- mitsubishi ufj financial group (nyse: mufg) today announced that it has completed the sale of mufg union bank's core regional banking franchise to u.s. bancorp (nyse: usb), following approvals from banking regulators in the u.s. and japan. 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.
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