Aomori Bank Michinoku Bank to the holding company founded in April next year prospect

Among which is the restructuring of regional banks is the focal point in the country, headquartered in newly Aomori "Aomori Bank" and "Michinoku Bank" is to establish a holding company to prospect for next April to strengthen the management foundation, then We have officially announced that we have reached a basic agreement to proceed with discussions for the merger.

And depends on the announcement, Aomori "Michinoku Bank" deposit balance of first place "Aomori Bank" and the second place of the prefecture, the two banks to enter the subsidiary established a holding company in prospect next year in April, after which the 2024 that the merger in prospect has reached a basic agreement to proceed with the talks as a basic policy.

The total assets of both banks amount to about 6 trillion yen, and if the integration is realized, a leading regional bank group will be born in the Tohoku region.

In addition, since the lending share in the prefecture is expected to reach about 70%, both banks aim to apply a special law that is not subject to the Antimonopoly Act if certain conditions are met even if the share increases. I am doing it.

If approved, it will be the first case for a regional bank.

Aomori Bank President Narita "A strong group that grows with the community"

Shintotori Narita of Aomori Bank said, "It is very significant that both banks, which have been working hard so far, have taken the first step for the region. For some time, Aomori Prefecture needs a stronger bank rooted in the region. I have been thinking. It is important that the business integration is not the goal, but how it benefits the region and customers. Through this business integration, we would like to create a new and strong group that grows together with the region in the long run. " ..

Michinoku Bank President Fujisawa "First Steps in a New History"

Takayuki Fujisawa, president of Michinoku Bank, said, "Aomori Bank and Michinoku Bank will work together to create a bank that can contribute to the region more than ever. With that in mind, we will take the first step in a new history. By working together, we should be able to do more new things in the future, and we want to create a financial group that can contribute to the region more than ever. "