Fukuoka Financial Group, a major regional banking group in Japan with assets over 30 trillion yen, has acquired Fukuoka Chuo Bank, which has assets of approximately 580 billion yen and focuses on small and medium-sized businesses. The merger aims to bolster the combined capabilities and regional influence of both entities. At a ceremony in Fukuoka City, leaders from both banks emphasized the mutual benefits of the merger, including the ability to offer broader services and tackle future challenges. The acquisition comes at a time when local businesses are facing rising costs and labor shortages, making the merger’s success critical for expanding services and supporting a diverse range of business partners. Source: Fukuoka Chuo Bank / NHK
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