SinoPac King’s Town Merger Creates Taiwan’s Third-Largest Branch Network

SinoPac King’s Town merger was finalised with SinoPac Financial Holdings completing its NT$60bn (USD1.9bn) acquisition of King’s Town Bank, which was delisted from the Taiwan Stock Exchange on the same day. The combined entity will create Taiwan’s third-largest branch network with 191 outlets, up from 125, within a year. Chairman Chen Shi-kuan said the merger would enhance competitiveness by combining complementary businesses. King’s Town Bank added 66 branches, mainly in southern Taiwan, to SinoPac’s northern-heavy footprint. SinoPac’s assets rise to NT$3.5tr, making it the country’s 13th-largest financial holding firm. The deal follows its acquisitions of Cambodia-based Amret PLC and CL Securities Taiwan Co, marking broader regional expansion.