Yamagata Bank

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The Yamagata Bank, Ltd. (株式会社山形銀行, Kabushiki-gaisha Yamagata Ginkō^?) (TYO: 8344) is a Japanese bank that is based out of Yamagata city, Yamagata prefecture. Most of the bank’s branches are in Yamagata prefecture, or other major cities in the Tohoku region, with a branch in Tokyo as well. The principal shareholders as of March, 2005 were the The Bank of Tokyo-Mitsubishi, Ltd. and Meiji Yasuda Life Insurance Company.

Yamagara Bank's Main Office (Dec. 2005)

[edit] Profile

As of March 31, 2005:

Assets: Approximately 1.6 trillion yen (approximately 14 billion USD)
Employees: 1,492
Branches: 83 (74 inside Yamagata prefecture)
President: Kichishige Hasegawa
Member: Regional Banks Association of Japan

[edit] History

Yamagata Bank can trace its origins to 1878, when The 81st National Bank was founded. In 1897, this bank was later absorbed by the Ryouu Bank, which was established one year earlier. The bank merged with numerous small financial institutions over the first half of the 20th century, and finally changed its name to its present form in 1965. In October, 2005, Yamagata Bank, along with the Saitama Resona Bank, 82 Bank and Hokkoku Bank jointly injected funds into an American subsidiary of Sanken Electric Co. Ltd. after Sanken purchased Minnesota-based semiconductor producer PolarFab.