MUFG Americas Holdings Corporation

MUFG Americas Holdings Corporation
TypeSubsidiary
Founded
  • July 5, 1964; 62 years ago (1964-07-05), as The Bank of California
  • May 1, 1972; 54 years ago (1972-05-01), as Bancal Tri-State Corporation
  • April 1, 1996; 30 years ago (1996-04-01), as UnionBanCal Corporation
  • July 1, 2014; 12 years ago (2014-07-01), as MUFG Americas Holdings Corporation
Headquarters1251 Avenue of the Americas
New York City, U.S.
Key peopleKevin Cronin (CEO)
Masatoshi Komoriya (executive chairman)
ProductsFinancial services
Total assets$44.127 billion (June 30, 2023)
Total equity$12.777 billion (June 30, 2023)
ParentMUFG Bank
Websitemufgamericas.com
Footnotes

MUFG Americas Holdings Corporation is an intermediate bank holding company based in New York City. It is a wholly owned subsidiary of MUFG Bank, a member of the Japanese Mitsubishi UFJ Financial Group conglomerate. The company provides corporate banking services, investment banking, and treasury management / working capital services to corporate clients.

History

The company traces its roots to The Bank of California founded in 1864. It became Bancal Tri-State Corporation in 1972, UnionBanCal Corporation in 1996, and MUFG Americas Holdings Corporation in 2014.

In December 2022, it sold its consumer banking subsidiary, MUFG Union Bank, to U.S. Bancorp.

References

  1. ↑ "Who We Are". 2 December 2020.
  2. 1 2 "National Information Center Institution History". Federal Financial Institutions Examination Council.
  3. ↑ "FR Y-15 report". Federal Financial Institutions Examination Council.
  4. ↑ "Large Bank Holding Companies". Federal Financial Institutions Examination Council.