{"id":72871,"date":"2016-03-08T11:29:42","date_gmt":"2016-03-08T02:29:42","guid":{"rendered":"http:\/\/www.fukuoka-now.com\/?post_type=news&#038;p=71092"},"modified":"2016-04-01T01:30:33","modified_gmt":"2016-03-31T16:30:33","slug":"ffg-acquire-eighteenth-bank-stock-swap-merger","status":"publish","type":"news","link":"https:\/\/www.fukuoka-now.com\/en\/news\/ffg-acquire-eighteenth-bank-stock-swap-merger\/","title":{"rendered":"FFG to Acquire Eighteenth Bank in Stock-Swap Merger"},"content":{"rendered":"<p>On Feb. 26, Fukuoka-based Fukuoka Financial Group (FFG), the parent of the Bank of Fukuoka and Kumamoto Bank, and Nagasaki-based Eighteenth Bank have officially announced that they have reached a basic agreement on a merger. The plan would make Eighteenth Bank a wholly-owned subsidiary of FFG by April 2017 and merge it with Sasebo-based Shinwa Bank, another one of FFG\u2019s subsidiaries, by April 2018. A final decision on the merger will be made this August, and the deal will be finalized with a swap of stocks after an extraordinary shareholder meeting slated for December. If approved, the deal would boost FFG\u2019s consolidated assets to up over \u00a518.4 trillion, making it the largest regional banking player in Japan. Source: <a href=\"http:\/\/mainichi.jp\/articles\/20160226\/k00\/00e\/020\/162000c\" target=\"_blank\">Mainichi Shimbun, 2\/26<\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2016\/03\/FFG18bank-e1457404115373.jpg?resize=640%2C553\" alt=\"FFG18bank\" width=\"640\" height=\"553\" class=\"alignnone size-full wp-image-71093\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Feb. 26, Fukuoka-based Fukuoka Financial Group (FFG), the parent of the Bank of Fukuoka and Kumamoto Bank, and Nagasaki-based Eighteenth Bank have officially announced that they have reached a basic agreement on&#8230;<\/p>\n","protected":false},"author":26469,"featured_media":71093,"comment_status":"open","ping_status":"closed","template":"","tags":[],"class_list":["post-72871","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-business","en-US"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news\/72871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/users\/26469"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/comments?post=72871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media\/71093"}],"wp:attachment":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media?parent=72871"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/tags?post=72871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}