As the U.S. regulatory approval process continues, the closing of the sale of MUFG Union Bank to U.S. Bancorp has been shifted to the second half of 2022, subject to the receipt of required regulatory approvals and the satisfaction of other closing conditions. MUFG will announce the planned closing date no fewer than 30 days prior to the closing date.

On Sept. 21, 2021, MUFG and MUFG Bank, a core banking subsidiary of MUFG, announced an agreement to sell all shares of MUFG Union Bank, MUFG’s subsidiary owned through MUFG Americas Holdings, to U.S. Bancorp, with an expected closing date in H1/22, pending all required regulatory approvals.