Acquiring Company
Procrea Holdings
Acquired Company
Bank of Iwate Ltd
TokyoIwate PrefectureFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBankingDescription
Procrea Holdings Inc, Bank of Iwate Ltd, and Akita Bank Ltd have announced plans to merge, creating the largest banking group in northern Japan. The merger comes as regional banks face demographic challenges and increased competition. The banks aim to complete the integration by April 2028 to enhance corporate value and support local economies.
Quick answer
Procrea Holdings is acquiring Bank of Iwate Ltd, announced October 5, 2026. Procrea Holdings is based in Tokyo, Tokyo, Japan.
- How much did Procrea Holdings pay for Bank of Iwate Ltd?
- The deal value was not disclosed.
- What does Procrea Holdings do?
- Procrea Holdings Inc is a financial holding company based in Japan.
- Where are Procrea Holdings and Bank of Iwate Ltd based?
- Procrea Holdings is based in Tokyo, Tokyo, Japan. Bank of Iwate Ltd is based in Iwate Prefecture, Japan.
Source: Fundz verified event record.
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Who to call at Procrea Holdings, and when
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Frequently asked
Who acquired Bank of Iwate Ltd?
Bank of Iwate Ltd was acquired by Procrea Holdings, based in Tokyo. The deal was reported on October 5, 2026. Procrea Holdings Inc is a financial holding company based in Japan. It operates several regional banks, including Aomori Michinoku Bank. The company aims to strengthen its market position through strategic mergers. Procrea Holdings is privately held and operates in Financial Services.
When did Procrea Holdings acquire Bank of Iwate Ltd?
Procrea Holdings's acquisition of Bank of Iwate Ltd was reported on October 5, 2026. Procrea Holdings Inc, Bank of Iwate Ltd, and Akita Bank Ltd have announced plans to merge, creating the largest banking group in northern Japan. The merger comes as regional banks face demographic challenges and increased competition. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bank of Iwate Ltd do?
Bank of Iwate Ltd is a regional bank focused on serving the Iwate prefecture. It offers a range of banking services to support local industries and communities. Like many regional banks, it faces challenges due to declining populations. It is privately held, operating in Financial Services, and is based in Iwate Prefecture.
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