MUFG Americas Holdings Corporation

MUFG Americas Holdings Corporation

The 2014-present logo
Company type	Subsidiary
Founded	July 5, 1964;61 years ago (1964-07-05), as The Bank of California May 1, 1972;53 years ago (1972-05-01), as Bancal Tri-State Corporation April 1, 1996;29 years ago (1996-04-01), as UnionBanCal Corporation July 1, 2014;11 years ago (2014-07-01), as MUFG Americas Holdings Corporation
Headquarters	1251 Avenue of the Americas New York City, U.S.
Key people	Kevin Cronin (CEO) Masatoshi Komoriya (executive chairman)
Products	Financial services
Total assets	$44.127 billion (June 30, 2023)
Total equity	$12.777 billion (June 30, 2023)
Parent	MUFG Bank
Website	mufgamericas.com
Footnotes /references [1] [2] [3]

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. ^[4] 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. ^[2]

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. "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 .