Thread regarding Union Bank layoffs

OCC has approved acquisition

https://www.ots.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-128.html

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| 1062 views | | 7 replies (last October 20, 2022)
Post ID: @OP+1jcPPYg0

7 replies (most recent on top)

It’s sad that it came to this. Bridgewater egos and Second and Third lines have driven this into the ground. Someone mentioned that USB has our data , I heard that too but I also heard they have branch customer data as well, hope that isn’t so. But I am guessing Kevin and Thumser only cared about a date and not much more. I think everyone but customer facing folks will be cut. They only care about what we can do for them, not what they can do for us. This has been a cr-p show from the start. Execs have cost this bank a ton of money unnecessarily.

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Post ID: @6qou+1jcPPYg0

Folks I know some people keyed in on the word “conditional,” but conditional approval is almost never removed/reversed. Barring something truly extraordinary, the deal is done except for the legalese/paperwork, which will take a few months (maybe 3-4). Plan accordingly, esp. if you work in a back office role.

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Post ID: @2csu+1jcPPYg0

"It’s only a conditional approval. God willing, US Bank will be unable to get their sh-t together for the real approval."

Won't matter. They are getting all of our customer data for integration on Monday 10/17.

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Post ID: @1asn+1jcPPYg0

I have mixed emotions but mostly feel sad. Union Bank is a good bank. I haven't been here long, but its been a great place to work.

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Post ID: @1yhm+1jcPPYg0

It’s only a conditional approval. God willing, US Bank will be unable to get their sh-t together for the real approval.

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Post ID: @mls+1jcPPYg0

A little bit of my heart died today. Ladies and gentleman, it’s been an honor serving with you. Hopefully US Bank won’t sc--w us out of severance.

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Post ID: @igg+1jcPPYg0

Welcome to the sh-t show! US Bank is the lowest rated bank by previous and current employees statistics. Get ready, you will feel it soon.

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Post ID: @ojq+1jcPPYg0

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