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Japan's Daishi Hokuetsu, Gunma banks to merge in 2027

( April 25, 2025, 01:58 GMT | Official Statement) -- MLex Summary: Japanese regional bank group Daishi Hokuetsu Financial Group announced plans to combine its Daishi Hokuetsu Bank with Gunma Bank to pursue more efficient investments and ensure long-term sustainability amid a declining population. Daishi Hokuetsu Bank primarily serves Niigata Prefecture, while Gunma Bank is based in neighboring Gunma Prefecture. The banks aim to finalize the merger in April 2024, pending the necessary regulatory approvals and shareholder consent, scheduled for December 2026, according to a joint statement from Daishi and Gunma. The statement, in Japanese, is attached....

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