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3 Japanese regional banks to form business tie-up

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3 Japanese regional banks to form business tie-up

Japanese regional banks Shonai Bank Ltd. and Hokuto Bank Ltd. are planning to form a business tie-up with peer Tohoku Bank Ltd., The Nikkei reported Feb. 6.

The companies will collaborate on agriculture-related syndicate loans, among other things.

The three regional banks are located in northern Japan. Shonai Bank and Hokuto Bank are units of FIDEA Holdings Co. Ltd.