Kanto Tsukuba Bank
Encyclopedia
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.
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.
Japanese language
is a language spoken by over 130 million people in Japan and in Japanese emigrant communities. It is a member of the Japonic language family, which has a number of proposed relationships with other languages, none of which has gained wide acceptance among historical linguists .Japanese is an...
) is a Japanese bank
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 Tsuchiura City
Tsuchiura, Ibaraki
is a city located in Ibaraki prefecture, in Japan. It is situated along the western shores of Lake Kasumigaura, the second largest lake in Japan. Tokyo city lies about 60 km to the south, and Tsukuba science city borders Tsuchiura to the west.-Demographics:...
, Ibaraki Prefecture
Ibaraki Prefecture
is a prefecture of Japan, located in the Kantō region on the main island of Honshu. The capital is Mito.-History:Ibaraki Prefecture was previously known as Hitachi Province...
. 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
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...
, Chiba
Chiba Prefecture
is a prefecture of Japan located in the Kantō region and the Greater Tokyo Area. Its capital is Chiba City.- History :Chiba Prefecture was established on June 15, 1873 with the merger of Kisarazu Prefecture and Inba Prefecture...
, Tochigi
Tochigi Prefecture
is a prefecture located in the Kantō region on the island of Honshū, Japan. The capital is the city of Utsunomiya.Nikkō, whose ancient Shintō shrines and Buddhist temples UNESCO has recognized by naming them a World Heritage Site, is in this prefecture...
, and Saitama
Saitama Prefecture
is a prefecture of Japan located in the Kantō region of the island of Honshu. The capital is the city of Saitama.This prefecture is part of the Greater Tokyo Area, and most of Saitama's cities can be described as suburbs of Tokyo, to which a large amount of residents commute each day.- History...
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 CityTsuchiura, Ibaraki
is a city located in Ibaraki prefecture, in Japan. It is situated along the western shores of Lake Kasumigaura, the second largest lake in Japan. Tokyo city lies about 60 km to the south, and Tsukuba science city borders Tsuchiura to the west.-Demographics:...
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.