U.S. Bancorp is buying MUFG Union Bank for $8 billion. U.S. Bancorp will pay $5.5 billion and 44 million shares of its common stock. MUFG Union Bank has more than 1 million individual customers and about 190,000 companies. It has a $58 billion loan portfolio and $90 billion in deposits. The deal is scheduled to close in the first half of 2022.
U.S. Bancorp is buying MUFG Union Bank for $8 billion. U.S. Bancorp will pay $5.5 billion and 44 million shares of its common stock. MUFG Union Bank has more than 1 million individual customers and about 190,000 companies. It has a $58 billion loan portfolio and $90 billion in deposits. The deal is scheduled to close in the first half of 2022. 
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