• Kyodo

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Five financial institutions took over the operations of Ishikawa Bank on Monday, 15 months after the Kanazawa-based second-tier regional bank failed.

Two regional banks in Toyama Prefecture — Hokuriku Bank and First Bank of Toyama — and three entities in Ishikawa Prefecture — Kanazawa Shinkin Bank, Noto Shinyo Kinko and Hokkoku Bank — each took over part of Ishikawa Bank’s operations as of Monday.

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