The Taiwan Financial Supervisory Commission approved the merger of Bank SinoPac and King’s Town Bank, with Bank SinoPac as the surviving entity. Based on December 2025 figures, the combined bank will have total assets of NT$3.19 trillion, capital of NT$129.4 billion and 191 operating locations in Taiwan. SinoPac Financial Holdings has owned both banks since completing its acquisition of King’s Town Bank on Oct. 1, 2025. Under the merger terms approved by the banks’ boards, Bank SinoPac will issue new shares to King’s Town Bank shareholders as consideration, with any remaining amount paid in cash. The banks reported respective assets of NT$2.83 trillion and NT$0.36 trillion at the end of December 2025 and have complementary locations, business lines and customer bases.
Taiwan Financial Supervisory Commission approves Bank SinoPac and King’s Town Bank merger
The Taiwan Financial Supervisory Commission approved the merger of Bank SinoPac and King’s Town Bank, with Bank SinoPac as the surviving entity. The combined bank will have NT$3.19 trillion in assets, NT$129.4 billion in capital and 191 operating locations in Taiwan.