U.S. Bank has entered into an agreement to purchase MUFG Union Bank from Mitsubishi UFJ Financial Group for approximately $8 billion with $5.5 billion in cash and 44 million shares of U.S. Bancorp common stock. This purchase will help serve customers in California, Washington and Oregon and will contribute:
- 1 million consumer customers
- 190,000 small business customers
- $58 billion in loans
- $90 billion in deposits
