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April 26, 2015 6:11 AM ET

Banks

Company Overview of MUFG Americas Holdings Corporation

Company Overview

MUFG Americas Holdings Corporation operates as the bank holding company for MUFG Union Bank, N.A. that provides banking and financial services to consumers, small businesses, middle-market companies, and corporations. The company’s Retail Banking & Wealth Markets segment offers mortgages, home equity lines of credit, consumer and commercial loans, deposit accounts, financial planning, and investments. Its Commercial Banking segment provides commercial loans, accounts receivables, inventory, project, trade, and real estate financing; and treasury management and capital markets solutions, foreign exchange and various interest rate risk, and commodity risk management products. The company’s U.S...

1251 Avenue of the Americas

New York, NY 10020

United States

Founded in 1864

12,550 Employees

Phone:

212-782-5911

Key Executives for MUFG Americas Holdings Corporation

Executive Chairman, Acting Chief Executive Officer, Acting President, Acting Chief Executive Officer of Mufg Union Bank N.A., Acting President of Mufg Union Bank N.A., Executive Chairman of Mufg Union Bank N.A. and Director of Mufg Union Bank N.A.
Age: 59
Vice Chairman, Chief Financial Officer and Vice Chairman of Financial Management Group
Age: 49
President of Retail Banking of Northern California
Vice Chairman and Chief Retail Banking Officer
Age: 46
Co-Chief Information & Operations Officer
Compensation as of Fiscal Year 2014.

MUFG Americas Holdings Corporation Key Developments

MUFG Americas Holdings Corporation and MUFG Union Bank, N.A. Announce Executive Changes

MUFG Americas Holdings Corporation and MUFG Union Bank N.A. announced that Masashi Oka, who currently serves as Executive Chairman, has also been named Acting President and Chief Executive Officer, effective immediately. Mr. Oka will replace Katsumi Hatao whose resignation was accepted by the Board. Mr. Oka previously served as President and CEO of UnionBanCal Corporation and Union Bank, from July 2010 through June 2014; and CEO for the Americas for The Bank of Tokyo-Mitsubishi UFJ Ltd., from May 2012 through June 2014. He also served as CEO for the Americas for Mitsubishi UFJ Financial Group until July 2014.

MUFG Americas Mulls Acquisitions

MUFG Americas Holdings Corporation is looking for acquisitions. MUFG Americas Holdings Corporation has filed a shelf registration in the amount of $3,600 million and intends to use the net proceeds for general corporate purposes, including working capital, acquisitions and other business opportunities.

MUFG Americas Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

MUFG Americas Holdings Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $808 million compared to $816 million a year ago. Net interest income was $709 million compared to $706 million a year ago. Income before income taxes and including noncontrolling interests was $245 million compared to $230 million a year ago. Net Income attributable to the company was $155 million compared to $179 million a year ago. Net income attributable to the company, excluding impact of privatization transaction and merger costs related to acquisitions was $173 million compared to $193 million a year ago. Return on average assets was 0.55% compared to 0.68% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.62% compared to 0.75% a year ago. Return on average MUAH stockholder's equity was 4.06% compared to 5.66% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 5.27% compared to 7.41% a year ago. For the year, the company reported total interest income of $3,270 million compared to $3,123 million a year ago. Net interest income was $2,862 million compared to $2,716 million a year ago. Income before income taxes and including noncontrolling interests was $1,080 million compared to $844 million a year ago. Net Income attributable to the company was $825 million compared to $667 million a year ago. Net income attributable to the company, excluding impact of privatization transaction and merger costs related to acquisitions was $866 million compared to $724 million a year ago. Return on average assets was 0.76% compared to 0.66% a year ago. Return on average assets, excluding impact of privatization transaction and merger costs related to acquisitions was 0.81% compared to 0.74% a year ago. Return on average MUAH stockholder's equity was 5.57% compared to 5.33% a year ago. Return on average MUAH stockholder's equity, excluding impact of privatization transaction and merger costs related to acquisitions was 6.84% compared to 7.06% a year ago.

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