- Yamagata Bank
) 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 theTohoku region , with a branch inTokyo as well. The principal shareholders as of March, 2005 were theThe Bank of Tokyo-Mitsubishi, Ltd. andMeiji Yasuda Life Insurance Company .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 JapanHistory
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 in1965 . In October,2005 , Yamagata Bank, along with the Saitama Resona Bank,82 Bank andHokkoku Bank jointly injected funds into an American subsidiary of Sanken Electric Co. Ltd. after Sanken purchasedMinnesota -based semiconductor producer PolarFab.External links
* [http://www.nikkei.co.jp/news/retto/20051005c3b0504x05.html Nikkei article over Yamagata Bank’s injection of capital into PolarFab (Japanese)]
* [http://www.yamagatabank.co.jp/ Yamagata Bank]
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