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Fukushima Bank to Accept Investment from SBI Holdings

Fukushima Bank to Accept Investment from SBI Holdings

   Fukushima, Nov. 11 (Jiji Press)--Fukushima Bank <8562> plans to accept investment from major Japanese online financial services firm SBI Holdings Inc. <8473>, officials of the regional bank operating mainly in Fukushima Prefecture, northeastern Japan, said Monday.
   The bank will join SBI's initiative to create the country's "fourth megabank," or a union of regional banks, through investment in the lenders. Fukushima Bank will be the second bank to join the initiative after Shimane Bank <7150>, based in Matsue in the western prefecture of Shimane.

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AFP-JIJI PRESS NEWS JOURNAL


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