The Aomori Bank, Ltd. 株式会社青森銀行 | |
Type: | Public KK |
Predecessor: | The 59th Bank (January 20, 1879) |
Location: | Aomori, Japan (October 1, 1943) |
Locations: | 110 |
Key People: | Akio Ibata (Chairman), Yoshisada Kafuku (President) |
Industry: | Banking Financial services |
Products: | Retail Banking Payday advance Mortgages Consumer Finance Investment Banking |
Net Income: | 1,267 million yen |
Assets: | 2,112.4 billion yen |
Num Employees: | 1,481 |
Subsid: | Aogin Koda Co., Ltd. Aogin Business Service Co., Ltd. |
Foundation: | Hirosaki, Aomori, Japan |
Area Served: | Tōhoku region, Japan |
The is a Japanese regional bank headquartered in Aomori, Aomori Prefecture, in the Tōhoku region of northern Honshū.[1] The Aomori Bank provides financial services for individual and corporate customers, including deposits, loans, securities trading and investment, foreign exchange, and bond underwriting and registration services as well as credit card services.
The forerunner of the Aomori Bank was, established January 20, 1879, in Hirosaki by the former karō of Hirosaki Domain and many former samurai as a vehicle to invest the stipends issued by the new Meiji government in compensation for their loss in samurai status. The bank was privatized on September 1, 1897, becoming . It opened numerous branch offices throughout Aomori Prefecture in the 1920s and 1930s, but suffered great losses due to the financial crisis following the 1929 Great Depression. On October 1, 1943, it merged with the Hachinohe Bank, Tsugaru Bank, Itayanagi Bank and the former Aomori Bank to form the new Aomori Bank. The bank was listed on the second section of the Tokyo Stock Exchange from October 1973, and in the first section since 1975. It adopted its present logo mark in 1990.
Aomori Bank cooperated with other banks in the region (including Iwate Bank and Akita Bank) to create a no-fee ATM network; this has declined due to the departure of one of the participant members, Michinoku Bank, in July 2005.