Shandong Yangxin Rural Commercial Bank Granted Approval to Merge with Yangxin Hehai Village Bank

Deep News

04/28

On April 28, financial authorities in Shandong issued an approval notice permitting Shandong Yangxin Rural Commercial Bank Co., Ltd. to absorb and merge Yangxin Hehai Village Bank Co., Ltd. The rural commercial bank will assume all assets, liabilities, business operations, and rights and obligations of the village bank. Following the merger, the former village bank will be converted into a branch of the acquiring institution.

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The rural commercial bank will assume all assets, liabilities, business operations, and rights and obligations of the village bank. 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