Close the acquisition of MUFG Union Bank
Delivered after the deadline (154 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 21 Sep 2021
- Due
- 30 Jun 2022
- Delivered
- 1 Dec 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close in the first half of 2022.”
What we found
Evidence strength A What the grades mean
The company announced an expected closing in the first half of 2022, but the acquisition of MUFG Union Bank did not close until December 1, 2022.
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A US Bancorp 8-K filed 2022-07-15
“At this time, U.S. Bancorp continues to expect to receive U.S. regulatory approvals in time for closing to occur in the second half of 2022.” ✓ confirmed on the page
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A US Bancorp 10-K filed 2023-02-27
“On December 1, 2022, the Company acquired MUB’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc.” ✓ confirmed on the page
Market reaction: the shares moved +3.5% against the S&P 500 over the three sessions around the disclosure (14 Jul 2022 to 19 Jul 2022). What this measures
Checked 2 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- acquisition of MUFG Union Bank
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: satisfaction of customary closing conditions; receipt of required regulatory approvals
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-USB-004229 · Corrections policy