Acquisition of Nippon Credit Bank CompletedSep. 1, 2000
Today, the consortium consisting of SOFTBANK CORP.; ORIX Corporation; Tokio Marine and Fire Insurance Co., Ltd.; and the other shareholders listed below completed its acquisition of the Nippon Credit Bank, Ltd. (NCB) in accordance with the agreement for the transfer of shares concluded on June 30, 2000 between the consortium, the Deposit Insurance Corporation of Japan (DIC), and NCB. All outstanding shares of NCB were transferred from the DIC to the consortium, thereby completing the procedures necessary for the full transfer of NCB.
We would like to take this opportunity to express our gratitude for the support received from various quarters that has led to this transfer. It is the intention of the consortium to re-create NCB as a new financial institution and to make the maximum effort to establish it as a bank committed at all times to serving the needs of its customers.
|Tokio Marine and Fire||14.99%|
|Pacific Capital Group||4.01%|
|Silicon Valley Bank||0.25%|
|Regional banks, etc.(96 banks)||8.37%|
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