Regulatory Alerts2026-07-07
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FSC Approves Merger of Bank SinoPac Commercial Bank and King's Town Commercial Bank
The Financial Supervisory Commission (FSC) has approved the merger of Bank SinoPac Commercial Bank and King's Town Commercial Bank, with Bank SinoPac as the surviving entity. Bank SinoPac Financial Holding Company is set to complete the acquisition of King's Town Bank by October 1, 2025, after the merger was approved by both banks' boards on March 27, 2026. This merger will create a combined entity with approximately NT$3.19 trillion in total assets and 191 domestic branches, leveraging complementary operations to enhance overall scale and competitiveness.
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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
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Update Date: 2026-07-07
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