Aomori Bank, which has its head office in Aomori City, and Michinoku Bank have agreed to establish a holding company and integrate their operations in April next year.
This was revealed at a joint press conference between Aomori Bank and Michinoku Bank on the 12th.
According to it, the two banks have agreed to establish a holding company and merge their operations in April next year.
The name of the holding company is "Proclea Holdings", which is a combination of the Latin words for challenge and creativity.
When exchanging shares with a holding company, Aomori Bank allocates one share of the holding company to one share, and Michinoku Bank allocates 0.46 shares of the holding company to one share.
In addition, Aomori Bank will appoint 6 of the initial 10 directors of the holding company, and Michinoku Bank will appoint 4 of them.
Shinto Narita, president of Aomori Bank, said, "The two banks have held discussions many times, reaffirming the idea that Aomori Prefecture needs a strong bank rooted in the region, and reached a final agreement." ..
In addition, Takayuki Fujisawa, president of Michinoku Bank, said, "The name of the holding company is to actively challenge local issues and create a new future. To contribute to the local community more than ever. I want to proceed with the preparations. "