Three Tohoku regional banks agree to begin talks toward April 2028 merger

Jiji Press··JP·Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Prologue Holdings, Iwate Bank and Akita Bank announced on the 2nd that they have agreed to enter negotiations toward a business integration. The three Tohoku regional banks, including Prologue Holdings, which owns Aomori Michinoku Bank, aim to merge in April 2028.

Impact on assets 3

Financials▲ · 3 stocks
Procrea Holdings,Inc.
7384
▲ PositiveCapitalrelevance

Prologue Holdings, owner of Aomori Michinoku Bank, is a party to the agreed merger talks toward April 2028.

Akita Bank, Ltd.
8343
▲ PositiveCapitalrelevance

Akita Bank is one of the three regional banks that agreed to enter merger negotiations.

Bank of Iwate Ltd.
8345
▲ PositiveCapitalrelevance

Iwate Bank is one of the three Tohoku regional banks agreeing to negotiate a business integration/merger by April 2028.

Off-coverage companies 1

Aomori Michinoku Bank, Ltd.Private▲ Positive
Capitalrelevance

Aomori Michinoku Bank is the subsidiary of Prologue Holdings involved in the three-bank integration plan.

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