IFLR1000

The Bank of Yokohama/The Higashi-Nippon Bank merger

1/4/2016
Merger
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Completed

1/4/2016

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

Jurisdiction:

Japan

Deal type:

Merger

Practice area:

M&A

Industry sector:

Banking

Firms:
A&O Shearman

Party: The Bank of Yokohama (Merger party)

Party: Higashi-Nippon Bank (Merger party)

Davis Polk & Wardwell

Party: SMBC Nikko Securities (Financial adviser)

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