Three Tohoku regional banks to begin merger talks, creating region's largest group with over 13 trillion yen in combined assets

時事通信··JP·Read original
3▲3 ▼0Impact / 5
Summary · why it matters

Procrea Holdings, the parent company of Aomori Michinoku Bank, along with Iwate Bank and Akita Bank, announced separately on the same day that they will submit to their boards of directors a proposal to begin talks toward a management integration. If the merger is realized, their combined consolidated assets will exceed 13 trillion yen, creating the largest regional banking group in the Tohoku region. On the afternoon of the same day, the presidents of the three banks will hold a press conference in Morioka to explain the background behind entering into merger talks.

Impact on assets 3

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

Procrea Holdings, parent of Aomori Michinoku Bank, is one of the three parties proposing management integration talks.

Akita Bank, Ltd.
8343
▲ PositiveCapitalrelevance

Akita Bank is one of the three banks announcing talks toward a management integration.

Bank of Iwate Ltd.
8345
▲ PositiveCapitalrelevance

Iwate Bank is one of the three banks entering merger talks to form the Tohoku region's largest banking group.

Off-coverage companies 1

Aomori Michinoku Bank, Ltd.Private▲ Positive
Capitalrelevance

Aomori Michinoku Bank, under Procrea Holdings, is part of the three-bank merger talks creating the region's largest group.

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