The Bank of Yokohama/The Higashi-Nippon Bank merger

Overview:

• The Bank of Yokohama and The Higashi-Nippon Bank have merged through the establishment of a new holding company Concordia Financial Group.
• Concordia will be listed on the Tokyo Stock Exchange.
• The deal creates the biggest regional lender in Japan.
• The country has over 100 regional banks across the country.

Sam Duke - Editor