News: Deals: Reports

Hokuto Bank Ltd & Shonai Bank Ltd	Update Date: 05/27/08
Date Announced: 05/14/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	05/14/08
Date Originally Announced	05/13/08
Format	Merger	Acquisition techniques	Rumored Deal
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
JAPAN - Shonai Bank Ltd (SB) planned to merge with Hokuto Bank Ltd (HB). Originally in May, 2008, SB was rumored be in a negotiation to merge with HB.

TARGET
Name	Hokuto Bank Ltd
Industries	n/a
City	Akita
State	n/a
Nation	Japan
Incorporated in	n/a
Public Status	Private
Business Description	Hokuto Bank Ltd, headquartered in Akita, Japan, is a local bank providing a wide range of banking and financial services, such as deposits, loans, credit guarantees, and securities. The firm was founded in 1895.
Advisors	Mizuho Corporate Advisory Co Ltd
Target Sales	n/a

ACQUIROR
Name	Shonai Bank Ltd (Tokyo 1 : 8347)
Industries	Personal credit institutions
City	Yamagata
State	n/a
Nation	Japan
Incorporated in	n/a
Public Status	Public
Business Description	Shonai Bank Ltd, based Yamagata, Japan, provides banking services, which include deposits, loans, domestic/foreign exchanges, buying/selling of securities, securities investment, mainly operating in through its 66 branches and six sub-branches. Founded in 1941.
Advisors	Recof Corp
Acquiror Sales	258.4 million U.S. Dollar 25.81 billion Japanese Yen

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