The two rural commercial banks are the same.

According to the announcement, Shanxi Banking and Insurance Regulatory Bureau approved Jinngle Rural Commercial Bank to invest in Fanzhi Rural Commercial Bank for 34.8 million shares, accounting for 4.97% of its total shares; and approved Baode Rural Commercial Bank to invest in Fanzhi Rural Commercial Bank. 10 million shares, accounting for 1.43% of its total shares; Jincheng Rural Commercial Bank was agreed to invest in Zezhou Rural Commercial Bank’s 50 million shares, accounting for 3.57% of its total shares.

Jingle Rural Commercial Bank, Baode Rural Commercial Bank and Fanzhi Rural Commercial Bank are located in Xinzhou City, while Jincheng Rural Commercial Bank and Zezhou Rural Commercial Bank are located in Jincheng City.