Fidea Holdings Co.Ltd. (JP:8713) has released an update.
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FIDEA Holdings Co. Ltd. has announced the approval of their plan to merge subsidiaries Shonai Bank and Hokuto Bank by fiscal year 2026, following the Japanese financial strengthening act. The plan, now certified by authorities, includes provisions for financial stability and local economic revitalization, with the company seeking up to 3 billion yen in funding from the Deposit Insurance Corporation of Japan.
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