M&A Deal Summary

US Bank Acquires MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio

On January 6, 2021, US Bank acquired financial services company MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio from MUFG Union Bank NA

Acquisition Highlights
  • This is US Bank’s 5th transaction in the Financial Services sector.
  • This is US Bank’s 8th transaction in the United States.
  • This is US Bank’s 4th transaction in California.

M&A Deal Summary
Date 2021-01-06
Target MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio
Sector Financial Services
Buyer(s) US Bank
Sellers(s) MUFG Union Bank NA
Deal Type Divestiture

Target

MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio

San Francisco, California, United States
MUFG Union Bank NA - Debt Servicing and Securities Custody Services Client Portfolio includes 600 client relationships and $320 billion in assets under custody and administration.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

US Bank

Minneapolis, Minnesota, United States
Category Company
Founded 1863
Sector Financial Services
Employees70,000
Revenue 28.0B USD (2023)
DESCRIPTION
US Bank office in downtown Duluth, Minnesota.
US Bank office in downtown Duluth, Minnesota.

U.S. Bank is a national consumer and commercial bank. The company operates more then 3,000 bank branches and offices across the US and provides a variety of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bank was founded in 1863 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 8 of 11
Sector (Financial Services) 5 of 5
Type (Divestiture) 4 of 4
State (California) 4 of 6
Country (United States) 8 of 11
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Quasar Distributor

Milwaukee, Wisconsin, United States

Quasar Distributor LLC is a mutual fund and exchange-traded funds (“ETFs”) distributor. Quasar Distributor was founded in 2000 and is based in Milwaukee, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Bento For Business

San Francisco, California, United States

Bento For Business is a provider of financial management solutions for small and midsize businesses. Bento will use the funds to accelerate sales and marketing and continue product innovation of its payments, spend management, and business banking platform. Bento For Business was founded in 2013 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

MUFG Union Bank NA

San Francisco, California, United States
Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

MUFG Union Bank NA is a full-service bank with offices across the United States. It provides a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Intrepid Investment Bankers

Los Angeles, California, United States

Intrepid Investment Bankers is a premier middle market platform providing M&A, capital raising and strategic advisory services to entrepreneurs and middle market companies across multi-sectors. It has a large, longstanding referral network and a highly attractive client base with deep industry and sector knowledge in consumer products and services, healthcare, industrials, technology and digital media, and business services.

Buy -
Mergr

Product

Company

Legal