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July 06, 2015 6:13 PM 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: 60
Vice Chairman, Chief Financial Officer and Vice Chairman of Financial Management Group
Age: 50
President of Retail Banking of Northern California
Vice Chairman and Chief Retail Banking Officer
Age: 47
Co-Chief Information & Operations Officer
Compensation as of Fiscal Year 2015.

MUFG Americas Holdings Corporation Key Developments

MUFG Americas Holdings Corporation Reports Earnings Results for the First Quarter ended of March 31, 2015; Reports Net Loan Charge-Offs for the First Quarter of 2015

MUFG Americas Holdings Corporation reported earnings results for the first quarter ended of March 31, 2015. For the period, the company reported net income of $137 million, compared with $153 million for the prior quarter and $172 million for the year-ago quarter. Net interest income was $683 million compared to $683 million a year ago. Total revenue was $1,018 million compared to $864 million a year ago. The decrease in net interest income was largely due to an 11 basis point decline in the net interest margin to 2.70%, which was substantially due to lower yields on loans held for investment and investment securities reflecting the low interest rate environment, partially offset by modest growth in commercial and industrial loans. Income before income taxes and including non controlling interests was $132 million compared to $167 million a year ago. Net loans charged-off were $3 million for the first quarter of 2015 compared with net loans recovered of $1 million for the fourth quarter of 2014 and $6 million for the first quarter of 2014.

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.

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