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Chiba Bank and Chiba Kogyo Explore Business Integration

Chiba Bank and Chiba Kogyo Bank are close to a deal to merge their businesses. This could happen as soon as the end of this month, sources say. The two banks are thinking about starting a holding company in or after April 2027. Both institutions would work under this new setup. The banks will keep their separate identities. They do not plan to merge. Sources said Thursday that this choice will keep things convenient for customers. On Friday, Chiba Bank and Chiba Kogyo Bank said they are talking about a merger. But they emphasized that no final decisions have been made. Also Read: Elliptic Gains Strategic Investment from HSBC Banks in Chiba Prefecture, east of Tokyo, are stepping up their efforts to grow. They face tough competition for deposits. Pressure…