Message from the President and CEO
President & CEO
Masahiro Niino-
Dear Shareholders and Investors,
On behalf of the FIDEA Group, I would like to express my sincere gratitude for your continued interest and support for all of us, including the Shonai Bank, Ltd. and the Hokuto Bank, Ltd.
Our group was established in 2009 as Tohoku's first wide-area regional bank group through the business integration of the Shonai Bank and the Hokuto Bank. And we have now decided to merge the two banks and integrate their banking systems in January 2027 as the final step of the business integration, and to make a new start as "The FIDEA Bank."
To realize the effect of the merger at an early stage through a management system that substantially functions as a single bank, we will build a structure in which the Presidents, and officers and general managers of the headquarters, of both banks serve concurrently from FY2025, and ensure a smooth transition to the new bank.
The name "FIDEA" represents the philosophy of the business integration, "a financial group that prospers together with the region, bound by bonds of trust." And the symbol mark embodies the idea that "our dream was born in Tohoku and spreads widely across the globe," and these philosophies will not change even after we become the FIDEA Bank.
As a regional bank spanning Yamagata and Akita prefectures, the FIDEA bank will support business operators that underpin the regional economy in order to further contribute to the economic revitalization of both prefectures. Specifically, by providing robust support for regional revitalization measures, including those for renewable energy and tourism that are strengths of both prefectures, the FIDEA bank will proactively engage in initiatives for industrial development and regional revitalization in both prefectures, and will aim to grows together with the regional communities and customers.
Thank you for your continuous support.
November 2024
Masahiro Niino
President and CEO
FIDEA Holdings Co. Ltd.