Shonai Bank

From Wikipedia, the free encyclopedia

Shonai Bank
Type	Public (TYO: 8347)
Founded	1878-12-01
Headquarters	Tsuruoka, Japan
Area served	Tōhoku region
Industry	Financial services
Employees	674 full time; 1380 total
Website	http://www.shonai.co.jp/

The Shonai Bank, Ltd. (株式会社荘内銀行, Kabushikigaisha Shōnai Ginkō^?, TYO: 8347) is a Japanese bank that is headquartered in Tsuruoka, Yamagata Prefecture.

The bank is relatively small, even among Japanese regional banks, and operates primarily in Yamagata, though it also operate branches in Sendai, Tomiya, Fukushima, Akita in neighboring prefectures, as well as in the capital of Tokyo. In a departure from traditional Japanese banking practices, Shogin, as the bank is also known, maintains full teller-supported services on the weekends and holidays at all its branches.

[edit] Profile

As of March 31, 2005

Assets: Approximately 737 billion yen (approximately 6.7 billion USD)

Employees: 764

Branches: 73

President: Satoru Machida

Member: Regional Banks Association of Japan

[edit] History

The Shonai Bank can trace its roots to the Meiji era when The 67th National Bank was established in 1878. The bank has merged with other local institutions, adopting its present name in 1941 through a merger with the Kazama Bank, the Tsuruoka Bank, and the Dewa Bank. On March 9, 2004, the government-sponsored Shoko Chukin Bank, a financial institution that provides credit and loans to small and medium sized enterprises, announced that it would carry out limited business cooperation with the Shonai Bank in order to serve the small and medium enterprises of that area.