PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (JKSE:BJBR) agreed to acquire PT Asuransi Staco Mandiri for IDR 100 billion on July 4, 2013. PT Bank Pembangunan will fund the acquisition from internal cash. The transaction is subject to approval by Bank Indonesia.

As of December 2, 2013, the transaction was approved by Financial Services Authority.