Toyama Bank, Ltd. (NSE: 8365) agreed to acquire three stores located in Toyama Prefecture of The Kanazawa Shinkin Bank, Ltd. on September 7, 2011. The stores include Fukumitsu branch store, Fukumitsu Chuo branch store and Tonami branch store. As on September 16, 2011, a letter of intent was concluded. Conclusion of business acquisition contract is scheduled to be till end of March 2012. As of December 22, 2011, Toyama Bank, Ltd concluded a contract with The Kanazawa Shinkin Bank, Ltd. The Board of Directors of Toyama resolved the transaction on September 7, 2011. The transaction is expected to complete on October 9, 2012. Impact on business settlements for year ending March 2012 is expected to be negligible for Toyama.

As of October 4, 2012, the transaction has obtained approval for the business takeover from authorities concerned, based on Article 30 Paragraph 3 of the Banking Act. The transaction is expected to close by October 9, 2012.

Toyama Bank, Ltd. (NSE: 8365) cancelled the acquisition of three stores located in Toyama Prefecture of The Kanazawa Shinkin Bank, Ltd. on September 7, 2012.