Aomori Bank

The Aomori Bank, Ltd.
株式会社青森銀行
Public KK
Traded as TYO: 8342
Industry Banking
Financial Services
Predecessor The 59th Bank (January 20, 1879)
Founded Hirosaki, Aomori, Japan
Headquarters Aomori, Japan (October 1, 1943)
Number of locations
 110
Key people
 Akio Ibata (Chairman),
Yoshisada Kafuku (President)
Products Retail Banking
Payday advance
Mortgages
Consumer Finance
Investment Banking
Profit 1,267 million yen
Total assets 2,112.4 billion yen
Number of employees
 1,481
Subsidiaries Aogin Koda Co., Ltd.
Aogin Business Service Co., Ltd.
Website a-bank.jp
Aomori Bank head office

The Aomori Bank, Ltd. (株式会社青森銀行, Kabushiki-gaisha Aomori Ginkō) is a Japanese regional bank headquartered in Aomori, Aomori Prefecture, in the Tōhoku region of northern Honshū. The Aomori Bank provides financial services for individual and corporate customers, including deposits, loans, securities trading and investment, foreign exchange, and bond underwriting and registration services as well as credit card services.

History

The forerunner of the Aomori Bank was The 59th National Bank (第五十九国立銀行, Dai-Gojūku Kokuritsu Ginkō), established January 20, 1879, in Hirosaki by the former karō of Hirosaki Domain and many former samurai as a vehicle to invest the stipends issued by the new Meiji government in compensation for their loss in samurai status. The bank was privatized on September 1, 1897, becoming The 59th Bank (第五十九銀行, Dai-Gojūku Ginkō). It opened numerous branch offices throughout Aomori Prefecture in the 1920s and 1930s, but suffered great losses due to the financial crisis following the 1929 Great Depression. On October 1, 1943, it merged with the Hachinohe Bank, Tsugaru Bank, Itayanagi Bank and the former Aomori Bank to form the new Aomori Bank. The bank was listed on the second section of the Tokyo Stock Exchange from October 1973, and in the first section since 1975. It adopted its present logo mark in 1990.

Aomori Bank cooperated with other banks in the region (including Iwate Bank and Akita Bank) 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.

See also

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