Changshu Bank has disclosed a series of board resolutions, appointing Zhu Juan as vice president and Liu Yu as chief information officer, and planning to absorb and merge Taizhou Gaogang Xingfu Village Bank. Zhu Juan started her career as a teller and worked at Kunshan Rural Commercial Bank for a long time, becoming a member of the Party committee of Changshu Bank in July 2026. Liu Yu has served as general manager of the bank's financial technology headquarters since April 2023. The bank also plans to change its registered capital from 3.316 billion yuan to 3.648 billion yuan. The absorption and merger is subject to approval at the extraordinary general meeting on August 10. After the merger, Gaogang Xingfu Village Bank will be dissolved and converted into a branch under Changshu Bank's Taizhou branch, with all its assets, liabilities, and businesses taken over by Changshu Bank. As of the end of June 2026, Gaogang Xingfu Village Bank had total assets of 1.618 billion yuan, a non-performing loan ratio of 0.97%, and a provision coverage ratio of 389.68%.
Jiangsu Changshu Rural Commercial Bank Co LtdPlans to absorb Taizhou Gaogang Xingfu Village Bank, expanding assets and branch network.
Will be dissolved and converted into a branch of Changshu Bank, ceasing to exist as an independent entity.