As the business environment surrounding regional banks becomes more severe, the regional bank group "FIDEA Holdings", which has its head office in Sendai City, and "Tohoku Bank", which has its head office in Morioka City, have reached a basic agreement for business integration. Announced that it has canceled the agreement because there are differences in views on the direction of management strategy.
"Fidea Holdings" and "Tohoku Bank", a regional bank group that owns "Shonai Bank" with its head office in Tsuruoka City, Yamagata Prefecture, and "Hokuto Bank" with its head office in Akita City, headed for business integration in July last year. We had a basic agreement and had discussions.
However, there was a disagreement between FIDEA Holdings, which emphasizes a wide-area growth strategy under the holding company structure, and Tohoku Bank, which emphasizes a strategy of co-prosperity and close contact with the local community under its own management philosophy. As a result, it was resolved by both boards of directors to cancel the basic agreement.
On the other hand, in order to respond to changes in the business environment surrounding regional financial institutions, comprehensive business alliances such as cooperation of sales departments to solve regional issues, shared use of various systems for cost reduction, and personnel exchanges. Will continue.