Hachijuni Nagano Bank, Ltd.
Notice Regarding Obtaining Approval for Merger
Hachijuni Bank, Ltd. and its wholly owned subsidiary Nagano Bank, Ltd. will merge on January 1, 2026, and start anew as Hachijuni Nagano Bank, Ltd.
Key Figures
- Transaction Type: Merger
- Target Company: Nagano Bank, Ltd.
- Transaction Value: Unknown
- Expected Completion Date: January 2026
- Expected Synergies: Expansion of deposits and loan balances, efficiency in branch network
AI要約
Transaction Overview
Hachijuni Bank, Ltd. (President & CEO: Masaki Matsushita) and its wholly owned subsidiary Nagano Bank, Ltd. (President & CEO: Hitoshi Nishizawa) will implement a merger on January 1, 2026, subject to approval from relevant authorities, and launch a new entity named Hachijuni Nagano Bank, Ltd. The approval for the merger under Article 30, Paragraph 1 of the Banking Act has been obtained. The post-merger head office will be located at 178-8 Okada, Nakagosho, Nagano City, Nagano Prefecture (current Hachijuni Bank head office location). Capital will be 52.2 billion yen, deposits balance 9.522 trillion yen, loan balance 6.5776 trillion yen, number of employees 3,957, and number of branches 117 (excluding agencies). The transaction value is not disclosed in the documents.
Purpose and Background of the Transaction
This merger aims to integrate the management resources of Hachijuni Bank and Nagano Bank to strengthen their competitiveness as regional financial institutions. By merging, they expect to expand deposit and loan balances and improve the efficiency of the branch network, contributing to the development of the regional economy. This will lead to enhanced customer service, a stronger management base, and promote sustainable growth.
