MUFG Union Bank acquired Intrepid Investment Bankers.

MUFG Union Bank N.A. announced it has signed a definitive agreement to acquire Intrepid Investment Bankers, a leading Los Angeles-based regional middle market investment banking firm. Following the close of the transaction, which is subject to regulatory approval and other customary closing conditions, Intrepid Investment Bankers will operate under its current name as a subsidiary of MUFG Union Bank and will work in close partnership with the bank's Commercial Banking and Wealth Markets groups. Terms of the transaction were not disclosed. Intrepid employees will be retained and become employees of MUFG Union Bank, and Intrepid CEO Ed Bagdasarian will report to Tim Wennes, West Coast President of MUFG Union Bank.