Complete the conversion and integration of MUFG Union Bank
Not delivered by 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
- 9 Mar 2022
- Due
- 31 Dec 2022
- Checked
- 3 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Conversion anticipated in 2H22”
What we found
Evidence strength A What the grades mean
The company did not complete the conversion and integration by the end of 2022, as it explicitly stated in January 2023 that the integration was expected in the second quarter of 2023.
-
A US Bancorp 8-K filed 2023-01-25
“we continue to work towards a successful systems integration and account conversion of Union Bank customers expected in the second quarter of 2023.” ✓ confirmed on the page
Market reaction: the shares moved +3.3% against the S&P 500 over the three sessions around the disclosure (24 Jan 2023 to 27 Jan 2023). What this measures
Checked 3 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift +181 days
- 2 versions
-
Version 1 · original · stated 9 Mar 2022
Deadline 31 Dec 2022 (“2H22”) · wording expected
-
Version 2 · stated 15 Jul 2022
Deadline 30 Jun 2023 (“1H’23”) · wording expected
“Conversion anticipated in 1H’23”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Project other
- Indicative materiality
- Low rules
- Action
- Complete
- Deliverable
- MUFG Union Bank conversion
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Depends on
- Partner
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.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
Are you US Bancorp? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2022-USB-004413 · Corrections policy