• Kyodo

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Higo Bank and Kagoshima Bank are finalizing talks on a merger, officials said on Friday, amid broader realignment moves in the regional banking sector.

The combined assets of the two banks, based in Kumamoto and Kagoshima prefectures respectively, stand at more than ¥8.3 trillion, making them the country’s ninth-biggest local banking group and the second-largest in Kyushu.

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