Merger of the Two Banks and System Integration
First written in FY2023-Q3. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「The bank merger and systems integration were completed in the short period of approximately 2 years from the business integration, and cost synergies are beginning to emerge.」
It stated that the previously planned merger and systems integration were completed in approximately 2 years and that cost synergies had begun to emerge after the integration. - FY2025-H1AdvancedAnnual report
「Our wholly owned subsidiaries, 株式会社愛知銀行 and 株式会社中京銀行, entered into a merger agreement dated 7 October 2024.」
The merger of the two banks progressed from the previously planned and resolution stages to the execution of a merger agreement on 7 October 2024. The merger date is scheduled for 1 January 2025, and the post-merger corporate name is 株式会社あいち銀行. - FY2024RestatedAnnual report
「To bring synergies from greater management efficiency to fruition early, we will advance a fast-paced plan to integrate systems and institutional infrastructure, while promoting the advance co-location of branches within banks before the merger.」
It continues initiatives to integrate infrastructure and co-locate branches in preparation for the bank merger and systems integration. - FY2023AdvancedAnnual report
「On 31 March of this year, the two subsidiary banks resolved, subject to shareholder meeting approval concerning the merger and the requisite approvals and licenses from the relevant authorities, to merge and integrate their systems and operations on 1 January 2025 and adopt the corporate name “株式会社あいち銀行.”」
It specified the planned date of 1 January 2025 for the merger and systems and operations integration, the post-integration corporate name, and the board resolution concerning the two banks. - FY2023-Q3First statedAnnual report
「We plan to merge the two banks and integrate their systems within approximately 2 years of establishing the company. Under the First Medium-Term Management Plan, we will advance a fast-paced plan to integrate systems and institutional infrastructure, while promoting the advance co-location of branches within banks before the merger.」
The plan is to complete the bank merger and systems integration within approximately 2 years of establishing the company, through institutional infrastructure integration and branch co-location.