US Bank completed the acquisition of the debt servicing and securities sustody services of MUFG Union Bank.

US Bank, a provider of a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services, completed the acquisition of the debt servicing and securities sustody services of MUFG Union Bank, an American full-service bank. Financial terms were not disclosed. “This transaction is a great fit for US Bank. We are thrilled to have the opportunity to increase our presence on the West Coast and solidify our position as a leading provider of corporate trust, institutional trust and fund custody services,” Gunjan Kedia, US Bank Vice Chair of Wealth Management and Investment Services.