Yamagata Bank
Encyclopedia
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 the Tohoku region
, with a branch in Tokyo
as well. The principal shareholders as of March, 2005 were The Bank of Tokyo-Mitsubishi, Ltd. and Meiji Yasuda Life Insurance Company
.
jointly injected funds into Allegro MicroSystems, an American subsidiary of Sanken Electric Co. Ltd., after Sanken purchased Minnesota
-based semiconductor producer PolarFab.
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 based out of Yamagata
Yamagata, Yamagata
is the capital city of Yamagata Prefecture in Japan.As of July 1, 2011, the city has an estimated population of 253,951 with 97,457 households and a population density of 665.94 persons per km². The total area is 381.34 km². The city was founded on April 1, 1889.-Culture:The , one of Tōhoku's...
city, Yamagata prefecture
Yamagata Prefecture
-Fruit:Yamagata Prefecture is the largest producer of cherries and pears in Japan. A large quantity of other kinds of fruits such as grapes, apples, peaches, melons, persimmons and watermelons are also produced.- Demographics :...
. Most of the bank’s branches are in Yamagata prefecture, or other major cities 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....
, with a branch 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...
as well. The principal shareholders as of March, 2005 were The Bank of Tokyo-Mitsubishi, Ltd. and Meiji Yasuda Life Insurance Company
Meiji Yasuda Life Insurance Company
is a Japanese life insurance company, headquartered in Tokyo and created in 2004 from the merger of Meiji Life and Yasuda Life. The company is one of the oldest and largest insurers in Japan.-History:...
.
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 Japan
History
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 in 1965. In October, 2005, Yamagata Bank, along with the Saitama Resona Bank, 82 Bank and Hokkoku BankHokkoku Bank
is a Japanese bank that is headquartered in Kanazawa, Ishikawa prefecture, Japan. The term “Hokkoku” refers to a greater region in Japan that is more commonly known as Hokuriku, and encompasses Fukui, Ishikawa, and Toyama prefectures...
jointly injected funds into Allegro MicroSystems, an American subsidiary of Sanken Electric Co. Ltd., after Sanken purchased Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
-based semiconductor producer PolarFab.