OSAKA — A new bank to be created through a merger between Bank of Kinki and Bank of Osaka, both affiliates of Daiwa Bank, will be headed by Yasuhiro Takatani, currently president of Bank of Kinki, the two announced Thursday.

The new bank, Kinki Osaka Bank, which will begin operation on April 1, 2000, will become the top regional bank in the Kansai region in terms of deposits, to total 3.6 trillion yen.

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