Mark Nelson is stepping down as the CEO of Tableau Software less than two years after replacing Adam Selipsky. Read More...
American City Business Journals
U.S. Bank finalizes $8B acquisition of smaller rival
U.S. Bancorp (NYSE: USB) has finalized its $8 billion acquisition of MUFG Union Bank’s regional banking franchise, a sale with ramifications for Portland customers as U.S. Bank bolsters its West Coast presence. Minneapolis-based U.S. Bancorp, parent company to U.S. Bank National Association, bought the retail business from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) in a deal whose closure was announced Dec. 1. The acquisition, unveiled in 2021, only recently received needed regulatory clearances from the U.S. Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp, according to the Minneapolis/St. Paul Business Journal.
