Jilin Rural Commercial Bank has been approved to absorb and merge 56 institutions and change them into its subsidiary branches.

On December 26, the official website of Jilin Rural Commercial Bank announced that with the approval of the Jilin Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Jilin Rural Commercial Bank has absorbed and merged with 56 institutions including Jilin Dehui Rural Commercial Bank. After the completion of the absorption and merger, the 56 institutions will be dissolved in accordance with the law, and Jilin Rural Commercial Bank will inherit all the assets, liabilities, business, personnel, branches, and all other rights and obligations of the 56 institutions. The original institutions will be transformed into branches of Jilin Rural Commercial Bank, and all branch operations and product services will not be affected.