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MUFG Union Bank completes acquisition of Intrepid Investment Bankers

New York-based MUFG Union Bank NA on Jan. 1 completed its acquisition of Intrepid Investment Bankers LLC, a Los Angeles-based regional middle market investment banking firm.

Terms of the deal were not disclosed.

Intrepid will operate under its current name as a subsidiary of MUFG Union Bank and will continue to be headed by CEO and Managing Director Ed Bagdasarian.

As of Sept. 30, 2018, MUFG Union Bank had assets of $124.0 billion.