The Hebei Financial Supervision Bureau recently issued an approval on the absorption and merger of Handan and Handshan Qilu Village and Township Bank into four village and township banks including Anqilu Village Bank
Handan Handan Qilu Village Bank Co., Ltd.:
Your bank's "Instructions on the Absorption and Merger of Handan Handan Qilu Village Bank into Anqilu Village Bank, Cixian Qilu Village Bank, Wei County Qilu Village Bank, and Shexian Qilu Village Bank" (Handan Qilu Village Yin Fa [2024] No. 69) has been received. After review, the reply is hereby approved as follows:
1. Agree to merge your bank into Anqilu Rural Bank, Cixian Qilu Rural Bank, Weixian Qilu Rural Bank, and Shexian Qilu Rural Bank, and undertake the assets, liabilities, business and employees of the above four rural banks.
2. Your bank shall handle the preparatory matters for the merger in strict accordance with the relevant laws and regulations, and urge the above-mentioned four village and township banks to complete the dissolution of the relevant matters.
3. After the completion of the preparatory matters for the merger by absorption, your bank shall submit the application matters to the regulatory authorities for the change of relevant legal entities and the opening of branches in accordance with the relevant procedures and regulations.
Matters not covered herein shall be handled in accordance with the relevant regulations of the State Administration of Financial Regulation.
Hebei Financial Supervision Bureau
September 6, 2024
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Source: Official website of Hebei Financial Supervision Bureau