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Six Xuzhou rural commercial banks complete new-establishment merger; Jiangsu Xuzhou Rural Commercial Bank enters substantive operation

Six rural commercial banks in Xuzhou, Jiangsu — the former Xuzhou, Fengxian, Peixian, Suining, Pizhou and Xinyi rural commercial banks — completed a new-establishment merger, consolidating their systems between 20:00 on October 4 and 08:00 on October 5, 2026. From October 5, 2026, the six banks' business seals were abolished and the unified seals of the newly established Jiangsu Xuzhou Rural Commercial Bank Co., Ltd. took effect, with the new bank entering substantive operation. The merger was structured as jointly establishing a brand-new legal entity rather than one bank absorbing the other five, with all six original legal entity statuses cancelled; the new bank completed business registration on September 28, 2026 with registered capital of 11.285 billion yuan.