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 February 26, 2013, in the release titled "Signing of Merger Agreement between Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd., Change in Trade Name of Mizuho Corporate Bank, Ltd. and Determination of Representative Director after Merger," that MHBK and MHCB determined that they will, on the condition that, among other things, authorization or permission is obtained from the relevant authorities in Japan, conduct a merger (the "Merger"), with effect on July 1, 2013 (the "Scheduled Date of the Merger"), whereby MHCB will be the surviving company in an absorption–type merger, and that MHBK and MHCB have signed a merger agreement, and additionally, that MHCB has determined to change its trade name on the condition that the Merger takes effect. Today, MHFG, MHBK and MHCB hereby announce that each of MHBK and MHCB has obtained authorization for the Merger pursuant to Article 30, Paragraph 1 of the Banking Law and MHCB has obtained authorization for the change in its trade name pursuant to Article 6, Paragraph 3 of the said law, respectively, from the Financial Services Agency of Japan.
Trade Name | Mizuho Bank, Ltd. (The trade name of MHCB, which is the surviving company in the absorption–type merger, is scheduled to be changed on the Scheduled Date of the Merger.) |
---|---|
Location | 3–3, Marunouchi 1–chome, Chiyoda–ku, Tokyo (Location of the head office of the current MHCB) After the completion of the "Otemachi 1–6 Project" Building (tentative name), located at 6, Otemachi 1–chome, Chiyoda–ku, Tokyo, which is now under construction and is scheduled to be completed after the Scheduled Date of the Merger, the location of the head office will be moved to the location of the new building. |
Representative | Yasuhiro Sato, President & CEO (representative director) (scheduled) |
Purpose of Business | Bank business |
Capital | JPY 1,404,065 million (Upon the Merger, neither the capital nor reserve will be increased.) (scheduled) |