FSC Approves Merger of Bank SinoPac Commercial Bank and King's Town Commercial Bank

Announcement Information

Back to Homepage

Announcement Information

Press Release

Press Release

_

FACEBOOK

Line

Twitter

Printer-Friendly

Back to Previous Page

FSC Approves Merger of Bank SinoPac Commercial Bank and King's Town Commercial Bank

2026-07-07

The Financial Supervisory Commission (hereinafter referred to as FSC) has approved the merger of Bank SinoPac Commercial Bank (hereinafter referred to as Bank SinoPac) and King's Town Commercial Bank (hereinafter referred to as King's Town Bank). Bank SinoPac will be the surviving entity after the merger. After Bank SinoPac Financial Holding Company (hereinafter referred to as Bank SinoPac FHC) completes the merger with King's Town Bank on October 1, 2025, Bank SinoPac FHC will hold 100% equity in both Bank SinoPac and King's Town Bank. This case was approved by the boards of directors of Bank SinoPac and King's Town Bank, acting on behalf of their shareholders, on March 27, 2026. The merger consideration will be paid by Bank SinoPac issuing new shares to King's Town Bank shareholders, with any shortfall covered by cash. As of the end of December 2025, the total assets of Bank SinoPac and King's Town Bank were approximately NT$2.83 trillion and NT$0.36 trillion, respectively. The pro forma total assets of the surviving bank after the merger will reach NT$3.19 trillion, with a capital of approximately NT$129.4 billion, and 191 domestic operating branches. According to the application documents of the two banks, they are complementary in terms of operating branches, main businesses, and customer base management. This merger will help enhance their operational scale and overall competitiveness.

Contact Unit: Banking Bureau, Financial Holding Company Division Contact Number: (02)8968-9826 For any inquiries, please write to: Our Public Opinion Mailbox

Page Views: 51

Update Date: 2026-07-07

Privacy Policy Statement |

Information Security Policy Statement |

Declaration of Open Data on This Website |

Subscribe to Newsletter |

Latest Newsletter

Financial Supervisory Commission All Rights Reserved 18F, No. 7, Sec. 2, Xianmin Blvd., Banqiao Dist., New Taipei City 220232

FSC E-Map

Phone: (02)8968-0899

Fax: (02)8969-1215

Our Representative Office in New York: 1 E.42 Street, 13F, New York, NY 10017, U.S.A. Contact Number: (1-212) 317-7326

Our Representative Office in London: 46-48 Grosvenor Gardens London SW1W 0EB, UK Contact Number: (44-20)7628-1501

If you have any specific suggestions for improving our global information website, please write to us. Thank you.

Update Date: 2026-07-07

Visitors: 61475049

Back to Top