Gunma Bank, Daishi Hokuetsu Seek Business Integration

MT Newswires Live

04-25

Daishi Hokuetsu Financial Group (TYO:7327) and Gunma Bank (TYO:8334) have signed a memorandum of understanding for a business integration, creating a leading regional financial group, according to a Thursday filing on the Tokyo Stock Exchange.

The merger will form a holding company by April 2027, with Gunma Bank becoming a wholly-owned subsidiary.

The integration aims to combine regional strengths, improve customer services, and streamline operations to address demographic challenges and enhance operational efficiency.

The move is also set to bolster M&A, asset management, and international business support.

Price (JPY): $3060.00, Change: $+20, Percent Change: +0.66%

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