Public Joint Stock Company BANK URALSIB (MISX:USBN) agreed to acquire Baltic Financial Agency Bank and Remaining Stake in Bashkirskiy Industrial Bank on September 13, 2016. The transaction is subject to approval from BANK URALSIB shareholders till February 28, 2017, approval by the shareholders of Baltic Financial, approval from Bank of Russia and the Deposit Insurance Agency. Board of Directors of BANK URALSIB approved the merger. As of January 20, 2017, the transaction received approval by the shareholders of Baltic Finanical Agency.