Mizuho Financial Group, Inc. (President & CEO: Yasuhiro Sato) ( "MHFG" ), Mizuho Bank, Ltd. (President & CEO: Takashi Tsukamoto) ( "MHBK" ) and Mizuho Corporate Bank, Ltd. (President & CEO: Yasuhiro Sato) ( "MHCB" ) announced on November 14, 2011 in the release titled "Memorandum of Understanding on Merger between Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd." that MHBK and MHCB plan to conduct a merger (the "Merger" ) by around the end of the first half of fiscal year 2013, on the assumption that filings will have been made to, and permission obtained from, the relevant authorities in Japan and any foreign countries. MHFG, MHBK and MHCB also announced on March 30, 2012 in the release titled "Determination of Effective Date of Merger between Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd." that they determined that the effective date of the Merger (the "Scheduled Date of the Merger" ) shall be July 1, 2013.
MHFG, MHBK and MHCB hereby announce that they have determined, at their respective meetings of the board of directors held today, a representative director and a director of MHCB, which is the surviving company in absorption–type of merger and the trade name of which is scheduled to be changed to " Mizuho Bank, Ltd." on the Scheduled Date of the Merger, shall be as follows as of the Scheduled Date of the Merger. Such determination is based on the assumption that the resolution of the MHCB's general shareholders meeting and the resolution of the MHCB's board of directors to be held on July 1, 2013, the Scheduled Date of the Merger, will have been made and that filings will have been made to, and permission obtained from, the relevant authorities in Japan and any foreign countries.
Name | New Title | Current Title | Other positions |
---|---|---|---|
Mr. Yasuhiro Sato | President & CEO (representative director) | President & CEO (representative director) | President & CEO (representative director) of MHFG |
Name | New Title | Current Title | Other positions |
---|---|---|---|
Mr. Takashi Tsukamoto | Chairman | President & CEO (representative director) of MHBK | Chairman of MHFG |
Except for the aforementioned determination of a representative director and a director on the Scheduled Date of the Merger, there is no change from the announcements dated on November 14, 2011 and March 30, 2012.The management structure and management personnel, etc., except for the aforementioned representative director and director, that will be put in place after the Merger will be announced as soon as they are determined.