Merger of U.S. Bank and Union Bank gets final U.S. approval
U.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it Read More →
Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo
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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company
Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →
Union Bank unveils $10M grant program for underserved communities
Editor’s note: An earlier version of this article contained an error in the headline. Union Bank’s Community Recovery Program is grants, not loans. Union Bank is making it easier for marginalized communities to access much-needed grant funds through a new online portal. The Community Recovery Program is a portal through which the bank is pouring Read More →
Our view: Union Bank puts money into social equity effort
There is no doubt that the killing of George Floyd and subsequent events have prompted the biggest discussion in decades about social equity and justice in America. One of the biggest debates in Corporate America today is how far the current discussion will lead. And one of the biggest problems in getting some perspective on Read More →
United Way of Ventura County raises $400K to tackle homelessness
United Way of Ventura County has raised $400,000 to help end homelessness in the area. The nonprofit collected $100,000 with the help of six local sponsors as part of the Amgen Foundation’s challenge grant, which gave United Way a new funding mechanism to help increase housing stock and use existing housing vouchers to prevent and Read More →
Union Bank launches $10M program to address racial inequality
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