OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG) hereby announces that, subject to required regulatory permission and approval, BTMU will rename its U.S. financial holding company subsidiary, UnionBanCal Corporation, and its wholly-owned U.S. national bank, Union Bank, N.A., as "MUFG Americas Holdings Corporation" and "MUFG Union Bank, N.A.," respectively, and operate its Americas banking operations through an integration of all BTMU's U.S. employees into MUFG Union Bank, N.A.

Outline of the business integration
(1) BTMU's Americas banking operation will be integrated as follows and operated under a single management structure on July 1, 2014.
(2) The U.S. financial holding company, UnionBanCal Corporation, will be renamed "MUFG Americas Holdings Corporation," and it will supervise BTMU's Americas banking operation which consists of Union Bank, N.A., BTMU branches in the U.S. and BTMU branches and subsidiaries in Latin America and Canada.
(3) Union Bank, N.A., a wholly-owned bank subsidiary of UnionBanCal Corporation, will be renamed "MUFG Union Bank, N.A." and all the U.S. employees of BTMU and Union Bank, N.A. will be integrated into MUFG Union Bank, N.A.
(4) The corporate headquarters (Principal Executive Office) for MUFG Americas Holdings Corporation and MUFG Union Bank, N.A. will be located in New York City. However, our current sales organization covering the East and West Coasts of the U.S. will be firmly maintained and further developed.
(5) In order to fully leverage the customer service related benefits of operating BTMU branches in the U.S., in addition to MUFG Union Bank, N.A., the New York, Chicago, and Los Angeles branches of BTMU will remain in full operation. The branches will retain their current functions and roles in the foreign exchange and settlement businesses, and continue to provide services to Japanese customers. The operation of businesses in the Americas which are located outside of the U.S. (in Latin America and Canada) will remain unchanged.