FIDEA Holdings Co., Ltd., a regional banking group headquartered in Sendai City, and Tohoku Bank Co., Ltd., headquartered in Morioka City, announced that they have reached a basic agreement to proceed with discussions for a business integration.
On the assumption that to get the prospect October next year Ficoll der Holdings as a holding company of the new financial group, has been with the aim to a wholly owned subsidiary of Northeast Bank.
In addition to the declining population and prolonged low interest rates, the aim is to strengthen the management base amid the slump in the local economy due to the effects of the new coronavirus.