Higashi-Nippon Bank, a Tokyo-based regional bank that has taken over four Tokyo and Saitama branches of the failed Niigata Chuo Bank, plans to apply for an infusion of public money in order to boost its capital base, sources close to the bank said Friday.
The bank signed a contract with Niigata Chuo to take over 36 billion yen worth of Niigata Chuo assets.
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