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Three Tohoku regional banks to begin merger talks, creating region's largest group with over 13 trillion yen in combined assets
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.
7384.JP · Capital · Positive Procrea Holdings, parent of Aomori Michinoku Bank, is one of the three parties proposing management integration talks.
8343.JP · Capital · Positive Akita Bank is one of the three banks announcing talks toward a management integration.
8345.JP · Capital · Positive Iwate Bank is one of the three banks entering merger talks to form the Tohoku region's largest banking group.
Aomori Michinoku Bank, Ltd. · Capital · Positive Aomori Michinoku Bank, under Procrea Holdings, is part of the three-bank merger talks creating the region's largest group.