The bank's largest stakeholder is the Miyagi Prefecture-based Fidea Holdings, which controls 100 percent of the company stock.

At the time of the merger, the name Komachi Bank was floated as a possible name, but was ultimately turned down in favor of the current form.

This prompted the Japanese Financial Services Agency to request a plan to improve its governance.

As a result, Hokuto Bank launched a series of initiatives, entitled Believe and, more recently, Breakthrough, to improve its governance.

In November, a merger scheduled for January 1, 2027 was announced, with Shonai continuing and Hokuto dissolving.