Fukuoka Financial Group, Inc. (TSE:8354) signed an Memorandum Of Understanding to acquire The Fukuoka Chuo Bank, Ltd. (FKSE:8540) on November 11, 2022. Fukuoka Financial Group, Inc. (TSE:8354) signed an agreement to acquire The Fukuoka Chuo Bank, Ltd. (FKSE:8540) for ¥4.8 billion on March 14, 2023. The share exchange ratio is 1.23456 per share. The deal is expected to close on October 1, 2023. As on September 27, 2023, the transaction was approved by the financial services agency. Nomura Securities acted as fairness opinion provider to Fukuoka Financial Group, Inc. Mizuho Securities acted as financial advisor to The Fukuoka Chuo Bank, Ltd. (FKSE:8540).

Fukuoka Financial Group, Inc. (TSE:8354) completed the acquisition of The Fukuoka Chuo Bank, Ltd. (FKSE:8540) on September 27, 2023.