Changshu Bank shareholders approve three rural bank mergers

Jiangsu Changshu Rural Commercial Bank shareholders approved the absorption of three rural banks: Yancheng Binghai Xingfu Rural Bank, Zhenjiang Runzhou Yangtze River Rural Bank, and Changzhou Zhonglou Yangtze River Rural Bank.

The bank will establish branches for the acquired institutions as part of the merger process.

Shareholders also voted to discontinue the establishment of a supervisory board and revise the company's articles of association.