Kanto Tsukuba Bank

The Kanto Tsukuba Bank, Ltd. (関東つくば銀行 in Japanese) is a Japanese bank that is headquartered in Tsuchiura City, Ibaraki Prefecture. This bank was formed in 2003 as the result of a merger between the Kanto Bank and the Tsukuba Bank. While the bank has a majority of its branches in Ibaraki Prefecture, it operates several branches outside the prefecture, notable in Tokyo, Chiba, Tochigi, and Saitama Prefectures. The bank is known in its shortened form as the "Kan Gin." Its largest stakeholder is the Master Trust Bank of Japan, with over 6% of its shares.

Profile

As of March 31, 2005

:Assets: Approximately 1.22 trillion yen (approximately USD 9.4 billion):Employees: 1,072:Branches: 85:President: Takashi Kusama:Member: Regional Banks Association of Japan

History

The Kanto Tsukuba Bank can trace its roots to the establishment of the Shimotsuma Mutual Aid Credit Company (Shimotsuma Mujin Kaisha) in 1927, which would later become the Tsukuba Bank. The Kanto Bank was established in Tsuchiura City in 1952. These two banks merged in 2003, forming the current bank. In November, 2004, the Kanto Tsukuba Bank and the Ibaraki Bank announced plans for a merger, to take place in 2006, that would have created the Hitachino Bank. The bank was scheduled to begin operations in July, 2006, but disagreements between the two banks resulted in the deal to be dropped. The new bank was expected to have total assets of around two trillion yen, making it the dominant regional bank in the prefecture.

External links

* [http://www.kantotsukuba-bank.co.jp/ The Kanto Tsukuba Bank]
* [http://www.yomiuri.co.jp/atmoney/mnews/20041124mh05.htm November 24, 2004 announcement in the Yomiuri Shimbun over the merger with Ibaraki Bank]