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The company traces it roots to The Bank of California founded in 1864. It became Bancal Tri-State Corporation in 1972, UnionBanCal Corporation in 1996, and MUFG Americas Holdings Corporation in 2014. [2] In December 2022, its sold its consumer banking subsidiary, MUFG Union Bank, to U.S. Bancorp.
In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd. [8] When it was called MUFG UnionBank, it was a subsidiary of intermediate holding company, MUFG Americas Holdings Corporation, and a member of the Mitsubishi UFJ Financial Group. [9] In December 2022, the bank was acquired by U.S. Bancorp for $8 billion.
The bank was first named Bank of Tokyo Mitsubishi UFJ, initialed as BTMU, before rebranding as MUFG Bank in July 2018. [2] MUFG Bank, along with Sumitomo Mitsui Banking Corporation and Mizuho Bank, is recognized as one of the three so-called megabanks in Japan. As of June 23, 2019, it was ranked as the largest bank in Japan and the third ...
Union Bank Plaza is a Los Angeles Historic-Cultural Monument listed 40-story, 157 m (515 ft) office skyscraper located on South Figueroa Street in Downtown Los Angeles, California. History [ edit ]
Former head office of Bank of Tokyo in Nihonbashi, Tokyo Former head office of Sanwa Bank in Osaka Former head office of Tokai Bank, then UFJ Bank in Nagoya. MUFG was formed by three successive mergers in a sequence that lasted less than a decade, respectively between Bank of Tokyo and Mitsubishi Bank in 1996, between Sanwa Bank, Tokai Bank and Toyo Trust and Banking in 2000-2002, and between ...
In the aftermath of the 2007–2008 financial crisis, the bank acquired the assets and deposits of several banks that failed: it acquired Security Pacific Bank of Los Angeles in November 2008, [10] Affinity Bank of Ventura, California in August 2009, [11] and Los Padres Bank of Solvang in August 2010. [12]
OUE, a Singapore-listed company run by Indonesian billionaire Stephen Riady, acquired the tower and other related assets for $367.5 million. OUE acquired the 72-floor office building, the adjacent Maguire Gardens park, and a parking lot from a unit of Los Angeles–based real-estate investment trust MPG Office Trust Inc. [10] [11]
777 Tower (originally known as Citicorp Center and also known as Pelli Tower) is a 221 m (725 ft), 52-story high-rise office building designed by César Pelli located at 777 South Figueroa Street in the Financial District of Downtown Los Angeles, California.