The Fukushima Bank, Ltd. announced a private placement of 6,900,000 common shares at the price of ¥277 per share for gross proceeds of ¥1,911,300,000 on May 14, 2024. The transaction will include participation from returning investor SBI Regional Bank Holdings Co., Ltd. The company will issue shares through third party allocation method. The transaction has been approved by board of directors of the company.

The payment date for the transaction is from September 2, 2024 to September 30, 2024. The company incurred issuance expenses of ¥29,000,000.