Hokkaido Bank
Encyclopedia
Hokkaido Bank is a Japanese bank
that is headquartered in Sapporo, Hokkaidō
. The Hokkaido Bank is a subsidiary of the Hokuhoku Financial Group as a result of a merger with the Hokuriku Bank
on September 1, 2004. The Hokkaido Bank has 134 domestic branches, with 131 of them in Hokkaidō, and one each in the Tohoku region
, Tokyo
, and Osaka
.
. However, these talks broke off and Hokkaido Takushoku Bank subsequently entered bankruptcy
. On May 24, 2002, Hokkaido Bank and Hokuriku Bank
agreed to business tie-ups. Approximately one year later on May 23, 2003, the banks agreed to merge management. On September 1, 2004, both banks became subsidiaries of the Hokuhoku Financial Group.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
that is headquartered in Sapporo, Hokkaidō
Hokkaido
, formerly known as Ezo, Yezo, Yeso, or Yesso, is Japan's second largest island; it is also the largest and northernmost of Japan's 47 prefectural-level subdivisions. The Tsugaru Strait separates Hokkaido from Honshu, although the two islands are connected by the underwater railway Seikan Tunnel...
. The Hokkaido Bank is a subsidiary of the Hokuhoku Financial Group as a result of a merger with the Hokuriku Bank
Hokuriku Bank
is a Japanese bank headquartered in Toyama, Toyama; Hokoriku refers to a greater region in Japan that encompasses Fukui, Ishikawa, and Toyoma prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto, Osaka, Niigata, Nagano, Tokyo, Kanagawa, Gifu, Aichi, and Hokkaidō...
on September 1, 2004. The Hokkaido Bank has 134 domestic branches, with 131 of them in Hokkaidō, and one each in the Tohoku region
Tohoku region
The is a geographical area of Japan. The region occupies the northeastern portion of Honshu, the largest island of Japan. The region consists of six prefectures : Akita, Aomori, Fukushima, Iwate, Miyagi and Yamagata....
, Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, and Osaka
Osaka Prefecture
is a prefecture located in the Kansai region on Honshū, the main island of Japan. The capital is the city of Osaka. It is the center of Osaka-Kobe-Kyoto area.- History :...
.
Profile
As of March 31, 2005- Assets: Approximately 33.8 trillion yen (approximately USD 30.7 billion)
- Employees: 1,902
- Branches: 134
- President: Yoshihiro Sekihachi
- Member: Regional Banks Association of Japan
History
The Hokkaido Bank was established on March 5, 1951 in Sapporo. In 1997, Hokkaido Bank entered into merger talks with the embattled Hokkaido Takushoku BankHokkaido Takushoku Bank
, literally Hokkaidō Exploitation Bank, was one of major commercial banks in Japan, founded in 1899 as a "Special Bank" to promote capitalization on the island of Hokkaidō. Its nickname was ; it was also known in the media and business world as...
. However, these talks broke off and Hokkaido Takushoku Bank subsequently entered bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
. On May 24, 2002, Hokkaido Bank and Hokuriku Bank
Hokuriku Bank
is a Japanese bank headquartered in Toyama, Toyama; Hokoriku refers to a greater region in Japan that encompasses Fukui, Ishikawa, and Toyoma prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto, Osaka, Niigata, Nagano, Tokyo, Kanagawa, Gifu, Aichi, and Hokkaidō...
agreed to business tie-ups. Approximately one year later on May 23, 2003, the banks agreed to merge management. On September 1, 2004, both banks became subsidiaries of the Hokuhoku Financial Group.