MUFG Americas Holdings Corporation
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Predecessor | The Bank of California, Bancal Tri-State Corporation, UnionBanCal Corporation |
| Founded | 1864 |
| Headquarters | New York City , United States |
Area served | United States |
| Products | Corporate banking, Investment banking, Treasury management, Working capital solutions |
| Parent | Mitsubishi UFJ Financial Group |
MUFG Americas Holdings Corporation functions as a mid-level bank holding company with its headquarters located in New York City. It operates as a fully owned subsidiary under MUFG Bank, which is part of the larger Japanese financial conglomerate, Mitsubishi UFJ Financial Group. The firm provides services including corporate banking, investment banking, and treasury management / working capital solutions tailored for corporate clientele.
History
The entity traces its roots back to The Bank of California, established in 1864. Over time, it underwent several transformations, becoming Bancal Tri-State Corporation in 1972, then UnionBanCal Corporation in 1996, before finally taking on the name MUFG Americas Holdings Corporation in 2014.
In December 2022, the company sold its consumer banking division, MUFG Union Bank, transferring ownership to U.S. Bancorp.
Financials
By June 30, 2023, MUFG Americas Holdings reported total assets amounting to $44.127 billion alongside equity valued at $12.777 billion.