The Gunma Bank, Ltd.
Appointment of Directors and Change of Representative Directors at the Post-Merger Holding Company following the Business Integration of The Gunma Bank, Ltd. and Dai-yon Hokuetsu Financial Group Co., Ltd.
In preparation for establishing the post-merger holding company, the board composition is to be decided effective April 1, 2027. Michio Ueguri and Akihiko Fukai are expected to assume roles as the new representative directors. Approval of the share exchange agreement at an extraordinary shareholders meeting and obtaining required regulatory approvals are set as conditions precedent.
Key Figures
- New representative director candidates: Michio Ueguri, Akihiko Fukai
- Planned effective date of new governance: 2027-04-01
- Extraordinary shareholders meeting: Scheduled for 2026-12-23 (condition precedent to these appointments)
AI要約
Design of the Business Integration Framework
The Gunma Bank, Ltd. and Dai-yon Hokuetsu Financial Group Co., Ltd. plan a business integration by means of a share exchange effective April 1, 2027. This is conditional on approval of the share exchange agreement at an extraordinary shareholders meeting and obtaining the necessary permits and approvals from relevant authorities. The holding company is expected to change its trade name to Gunma Niigata Financial Group.
Change of Representative Directors and Future Governance
A change of representative directors is scheduled to take effect on April 1, 2027. Assuming the appointment of Michio Ueguri and Akihiko Fukai as representative directors of Gunma Niigata Financial Group, current executives will transition from their existing positions at each company into the new governance structure. Upon approval at the extraordinary shareholders meeting, the share exchange will become effective.
The Gunma Bank, Ltd.
Company overview · Stock price · Financial data · All IR
