BS Financial Group, Inc. (KOSE:A138930) would likely be picked as a preferred bidder to acquire Kyongnam Bank and JB Financial Group Co., Ltd. (KOSE:A175330), to take over Kwangju Bank, said sources in the financial sector. Bidding price has proved a determinant. BS Financial Group offered about $1.1 billion at the binding-bid that closed December 30, 2013, higher than the amount that fell below one billion presented by the consortium formed by the alliance of merchants and businesspeople in Southern Gyeongsang province.