Aomori Bank

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Aomori Bank head office

The Aomori Bank, Ltd. (株式会社青森銀行, Kabushiki-gaisha Aomori Ginkō^?) (TYO: 8342) is a Japanese bank headquartered in Aomori, Aomori Prefecture, in the Tōhoku region. Aomori Bank cooperated with other banks in the region to create a no-fee ATM network; this has declined due to the departure of one of the participant members, Michinoku Bank, in July 2005.

[edit] Profile

As of March 31, 2004:

Assets: Approximately ¥2.1 trillion (approximately $19 billion)

Employees: 1,576

Branches: 112 (One representative office in Tokyo)

President: Akio Ibata

Member: Regional Banks Association of Japan

[edit] History

The forerunner of the Aomori Bank was The 59 Bank, established January 20, 1879 in Hirosaki City. The custom of naming banks with numbers was typical of the Meiji era; only a few such bank names have endured, such as The 77 Bank. On October 1, 1943, five banks (The 59 Bank, Hachinohe Bank, Tsugaru Bank, Itayanagi Bank and Aomori Bank) merged to form the new Aomori Bank.