Three Tohoku regional banks consider talks toward management integration

Jiji Press··JP·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

It was learned on the 1st that three banks based in the Tohoku region — Aomori Michinoku Bank, Bank of Iwate, and Akita Bank — are considering entering talks toward a management integration. According to people familiar with the matter, the three banks are moving ahead with concrete discussions on the framework and timing of the integration, and if realized, it would significantly move regional bank restructuring in the Tohoku region.

Impact on assets 2

Financials▲
Akita Bank, Ltd.
8343
▲ PositiveCapitalrelevance

Akita Bank is one of the three Tohoku banks considering a management integration, a consolidation/M&A event.

Bank of Iwate Ltd.
8345
▲ PositiveCapitalrelevance

Bank of Iwate is one of the three Tohoku banks considering a management integration, a consolidation/M&A event.

Off-coverage companies 1

Aomori Michinoku Bank, Ltd.i
Private▲ PositiveCapitalrelevance

Aomori Michinoku Bank is one of the three Tohoku banks considering a management integration, a consolidation/M&A event.