U.S Bancorp announced on Tuesday (Sept. 21) that it will acquire MUFG Union Bank’s regional operations in an $8 billion deal. The bank said in a news release that the transaction will join the two entities “with a focus on being the leader in serving...
MUFG Union Bank N.A. has announced a new green deposits feature to help corporate and commercial clients invest in environmentally sustainable projects, according to a press release. MUFG will use the program to invest deposits from corporate customers in environmental, social and governance (ESG) projects,...
When it comes to payment rail innovation, transaction speed is often the catalyst driving change. This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those...
MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. 23). The RTP network provides instantaneous payments that allow customers the convenience of using funds right away. With real-time payments, the process is...
October 14, 2022
The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller of the Currency (OCC). The approval is conditioned upon U.S. Bank having a plan to sell business lines and portfolios in case of stress, the OCC said in a Friday […]
September 21, 2021
U.S Bancorp announced on Tuesday (Sept. 21) that it will acquire MUFG Union Bank’s regional operations in an $8 billion deal. The bank said in a news release that the...
February 24, 2017
PurePoint Financial, a new division of MUFG Union Bank, N.A., announced the inception of its new hybrid digital bank aimed at committed savers. The offering is in direct response to...
