Discussions, share exchange and merger toward the business integration with 十八銀行
First written in FY2017. 7 of 12 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AchievedAnnual report
「We completed the business integration with 十八銀行 in April 2019 to contribute to the revitalization of the Nagasaki economy, and 十八親和銀行 was established in October 2020 through the merger of the former 親和銀行 and former 十八銀行. Systems integration between the two banks was completed in January 2021.」
Following the business integration with 十八銀行 and the merger with 親和銀行, systems integration between the two banks was completed in January 2021. - FY2021-Q3Cited as achievedAnnual report
「株式会社親和銀行 and 株式会社十八銀行 merged effective 1 October 2020, with 株式会社親和銀行 as the surviving company, and the new bank was named 株式会社十八親和銀行.」
The merger of 親和銀行 and 十八銀行 was carried out effective 1 October 2020, establishing 十八親和銀行. - FY2021-Q2AchievedAnnual report
「On 30 September 2020, the two banks obtained approval for the merger under Article 30, paragraph 1 of the Banking Act. They merged effective 1 October 2020, and the new bank was named 株式会社十八親和銀行.」
Approval was obtained for the absorption-type merger of 親和銀行 and 十八銀行, and the merger and change of corporate name were carried out effective 1 October 2020. - FY2021-Q1AdvancedAnnual report
「Our consolidated subsidiary 親和銀行 and 十八銀行 resolved at meetings of their respective boards of directors held on 19 May 2020 to carry out an absorption-type merger between the two banks.」
As the next stage following the business integration through the share exchange, the companies resolved to carry out an absorption-type merger of 親和銀行 and 十八銀行, with 1 October 2020 scheduled as the effective date. - FY2020AdvancedAnnual report
「We completed the business integration with 十八銀行 in April 2019 to contribute to the revitalization of the Nagasaki economy, and plan to merge 親和銀行 and 十八銀行 in October 2020 and integrate the two banks' systems in January 2021.」
The business integration with 十八銀行 through a share exchange was completed in April 2019, with the merger with 親和銀行 and systems integration presented as the next stages. - FY2020-Q3AdvancedAnnual report
「In addition, we will steadily carry out the merger of 親和銀行 and 十八銀行 and create integration synergies at an early date, thereby contributing to the revitalization of the Nagasaki economy.」
As the next stage following completion of the share exchange with 十八銀行, the Group has explicitly identified the merger of 親和銀行 and 十八銀行 and the early creation of integration synergies. - FY2020-Q2AdvancedAnnual report
「At a meeting of the board of directors held on 29 October 2019, our company resolved to consolidate or relocate 71 branches of 親和銀行 and 十八銀行.」
Following completion of the share exchange with 十八銀行, the board of directors resolved to consolidate and relocate 71 branches in preparation for the merger of 親和銀行 and 十八銀行. The initiative was scheduled to be carried out after the merger in October 2020. - FY2020-Q1AdvancedAnnual report
「With an effective date of 1 April 2019, we carried out a share exchange under which our company became the wholly owning parent company and 十八銀行 became the wholly owned subsidiary. This share exchange is referred to below as the "Share Exchange."」
Progress has been made from the indefinite postponement, and the business integration with 十八銀行 through a share exchange was completed on 1 April 2019. The merger of 親和銀行 and 十八銀行 and the creation of integration synergies are identified as future initiatives. - FY2019-Q3AdvancedAnnual report
「Based on the basic agreement signed on 26 February 2016, our company and 十八銀行 resolved at their respective board meetings held on 30 October 2018 to carry out a business integration through a share exchange with an effective date of 1 April 2019, subject to approval at 十八銀行's shareholders meeting and authorization from the relevant authorities, and entered into a share exchange agreement on the same date.」
Progress has been made from the indefinite postponement, with approval of the agreement obtained at 十八銀行's extraordinary shareholders meeting in addition to the board resolutions and execution of the share exchange agreement. The scheduled effective date of the share exchange is 1 April 2019. - FY2019-Q2AdvancedAnnual report
「At meetings of the respective boards of directors held on 30 October 2018, the companies resolved to carry out a business integration through a share exchange with an effective date of 1 April 2019, subject to obtaining approval at 十八銀行's shareholders meeting and authorization from the relevant authorities, and entered into a share exchange agreement.」
Progress has been made from the indefinite postponement, culminating in board resolutions on the business integration with 十八銀行 through a share exchange and the execution of a share exchange agreement. The scheduled effective date is 1 April 2019. - FY2018SoftenedAnnual report
「Completion of the Japan Fair Trade Commission's review of the business combination is a prerequisite. As the review remains ongoing, on 25 July 2017 we decided to postpone the business integration indefinitely, without setting a deadline.」
While continuing to pursue the early realization of the business integration with 十八銀行, the plan has been changed to an indefinite postponement. - FY2017First statedAnnual report
「On 26 February 2016, we reached a basic agreement with 十八銀行 to proceed with discussions and consideration toward business integration. The two companies will continue working toward the early realization of the business integration. It was decided that the effective date of the share exchange would be postponed from the scheduled date of 1 April 2017 to 1 October 2017, and that the merger of 十八銀行 and 親和銀行 would be postponed from the scheduled date of April 2018 to October 2018.」
The business integration with 十八銀行 is described as a specific plan including a share exchange and a merger with 親和銀行. The schedule was postponed because the Japan Fair Trade Commission's review of the business combination had not been completed.