"Aomori Bank" and "Michinoku Bank", which have their head offices in Aomori City, are making final adjustments by entering into discussions for business integration in order to strengthen the management base.
It seems that they are jointly establishing a holding company and are considering a plan for the two banks to become affiliated with the company, and will officially announce this week as well.
According to the people concerned, both have their head offices in Aomori City, and Aomori Bank, which has the highest total deposit balance in the prefecture, and Michinoku Bank, which has the second highest total deposit balance, are making final adjustments by entering into discussions for a business integration.
As the business environment is becoming more difficult due to the declining population in the region and the impact of the new coronavirus, the two banks are proceeding with final adjustments by entering into discussions for business integration in order to strengthen the management base. , Will be announced this week as well.
In the discussions, it is expected that a holding company will be jointly established and the two banks will consider the idea of becoming a subsidiary. If the integration is realized, a leading regional bank group will be born in the Tohoku region.
In addition, since the lending share in Aomori Prefecture is expected to reach about 70%, both banks are not subject to the Antimonopoly Act if certain conditions are met even if the lending share in the region is high. It is expected that this will be the first case for a regional bank if it is approved.