MUFG Americas Holdings Corporation (formerly known as UnionBanCal Corporation) is an intermediate

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States ...

based in New York City. It is the parent company of MUFG Union Bank, N.A. and MUFG's consolidated U.S. operations. MUFG Americas Holdings (MUAH) is itself a wholly owned subsidiary of MUFG Bank, Ltd., a member of the Japanese Mitsubishi UFJ Financial Group conglomerate.

History

MUAH had total assets of $163 billion as of December 31, 2021. Its predecessor, UnionBanCal Corporation, had assets of $105 billion as of December 31, 2013. MUAH has the largest presence in the U.S. among all other Japanese Banks, as competitors

Sumitomo Mitsui Financial Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and ser ...

and

Mizuho Financial Group , abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upo ...

do not operate U.S. branch banking subsidiaries. In 2013, bank officials stated that the bank's aim was to become the tenth largest financial operating institution in the U.S. through aggressive acquisition(s). In May 2014, Union Bank, N.A. announced it would be changing its legal name from Union Bank N.A. to MUFG Union Bank, N.A. effective July 1, 2014. On the same effective date, UnionBanCal Corporation changed its legal name to MUFG Americas Holdings Corporation. On September 21, 2021, MUFG Union Bank, N.A. announced that it would be acquired by

US Bancorp U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution ...

Shareholders

MUFG Bank is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks" (along with SMBC and Mizuho). As such, ...

— 63% in Feb. 2005, and 100% on 4 November 2008.

Sections

*Community Banking and Investment Services Group *Commercial Financial Services Group *Global Markets Group *International Banking Group

Subsidiaries

* MUFG Union Bank — formerly Union Bank, N.A. and Union Bank of California, N.A. * Tanner Insurance Brokers Inc. UnionBanCal Corp logo

Notes

References

Banks based in New York (state) Financial services companies based in New York (state) Holding companies of the United States Companies based in New York City American companies established in 1999 American companies established in 2014 Banks established in 1999 Banks established in 2014 Holding companies established in 1999 Holding companies established in 2014 1999 establishments in California 2014 establishments in New York (state) Mitsubishi companies Mitsubishi UFJ Financial Group {{Finance-stub