The Akita Bank, Ltd. announces an Equity Buyback for 1,831 shares.
October 30, 2017 at 02:00 am EDT
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The Akita Bank, Ltd. (TSE:8343) announces a share repurchase program. Under the program, the company will repurchase up to 1,831 shares. The company will repurchase its shares in order to process the fractional shares resulting from a reverse share-split.
THE AKITA BANK, LTD. is a Japan-based regional bank. The Bank operates in three business segments. The Banking segment provides the deposit, loan, securities trading and investment, domestic and foreign exchange, bond underwriting and registration services, among others. The Leasing segment is engaged in the leasing business. The Others segment is engaged in the regional economy vitalization support business, management consulting service, the personal loan credit guarantee business, the provision of credit services and others.