TOKYO -- Japan's quasi-governmental deposit insurance fund has agreed to give Sanwa Bank $156 million to help facilitate its absorption of scandal-scarred Toyo Shinkin Bank.

An official of the Japanese Deposit Insurance Corp. said the payment would be the first it had ever made. Also this year, it made its first loan to facilitate another rescue-merger. The deposit insurer has $3.5 million in capital, with roughly one-third provided by government, one-third by the Bank of Japan, and one-third by private financial institutions.

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