FSC approves the merger of Bank SinoPac and King’s Town Bank

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FSC approves the merger of Bank SinoPac and King’s Town Bank

2026-10-14

The Financial Supervisory Commission (hereinafter referred to as the “FSC”) approves the merger of Bank SinoPac and King’s Town Bank, with Bank SinoPac as the surviving bank. Since SinoPac Financial Holdings Company completed the merger of King’s Town Bank on October 1, 2025, it owns 100% equity of two banks – Bank SinoPac and King’s Town Bank. The boards of directors of Bank SinoPac and King’s Town Bank, exercising the powers of their respective shareholders’ meetings passed a resolution on March 27, 2026 to merge the two banks. For the merger, Bank SinoPac will issue new shares to the shareholders of King’s Town Bank as consideration for the merger, with any remaining amount to be paid in cash. As of the end of December 2025, Bank SinoPac and King’s Town Bank reported total assets in the amount of NT$2.83 trillion and NT$0.36 trillion respectively. After the planned merger, the surviving bank will have NT$3.19 trillion in total assets, NT$129.4 billion in capital, and 191 operating locations in Taiwan. Based on the merger application documents of the two banks, the two banks complement each other in business locations, main businesses and customer base. This merger will help raise the business scale and overall competitiveness of the surviving bank.

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Update： 2026-10-14

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Update Date：2026-10-14

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