What bank is merging with U.S. bank?
U.S. Bank (U.S. Bancorp) completed its historic, massive acquisition of MUFG Union Bank, the American subsidiary of Mitsubishi UFJ Financial Group. This transformative transaction merged Union Bank fully into U.S. Bank, integrating all retail branches, customer accounts, and commercial portfolios across the West Coast—particularly California—into the U.S. Bank system. This integration substantially expanded U.S. Bank's domestic market share, providing millions of former Union Bank clients with access to a broader nationwide ATM network, enhanced digital banking applications, and comprehensive commercial financial services.
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