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TOKYO--(BUSINESS WIRE)--Feb 28, 2014--The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG) hereby announces that, subject to required regulatory permission and approval, BTMU will rename its U.S. financial holding company subsidiary, UnionBanCal Corporation, and its wholly-owned U.S. national bank, Union Bank, N.A., as “MUFG Americas Holdings Corporation” and “MUFG Union Bank, N.A.,” respectively, and operate its Americas banking operations through an integration of all BTMU’s U.S. employees into MUFG Union Bank, N.A.
- Outline of the business integration
- Background and objectives of the business integration
- Change of the legal names of subsidiaries
- Outlook
The impact of the business integration and legal name changes on the financial results of MUFG and BTMU is expected to be negligible.
Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20140228005273/en/
CONTACT: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Akira Narumi, +81-3-3240-1111
Chief Manager
Corporate Administration Division
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA SOUTH AMERICA CANADA CALIFORNIA NEW YORK JAPAN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES
SOURCE: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Copyright Business Wire 2014
PUB: 02/28/2014 05:52 AM/DISC: 02/28/2014 05:52 AM
http://www.businesswire.com/news/home/20140228005273/en
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