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is a Japanese regional bank founded in
Major Group Companies
retrieved 2011-07-18
''Japan encyclopedia.''
Cambridge:
OCLC 58053128
Resona Holdings, Inc.
United States Court of Appeals for the Ninth Circuit, July 25, 1991
940 F2d 670
*
Saitama Bank, Ltd.
Regional banks of Japan
is a Japanese regional bank founded in Saitama Prefecture
is a Landlocked country, landlocked Prefectures of Japan, prefecture of Japan located in the Kantō region of Honshu. Saitama Prefecture has a population of 7,338,536 (January 1, 2020) and has a geographic area of 3,797 Square kilometre, km2 ( ...
in 1943. After a series of bank mergers and corporate restructuring, the emerged as the leading bank in Saitama Prefecture.
History
The head office of Saitama Bank was located inUrawa, Saitama
was a city located in Saitama Prefecture, Japan.
On May 1, 2001, Urawa was merged with the cities of Ōmiya and Yono to create the city of Saitama.
Since April 1, 2003, the area of former Urawa City has been divided into 4 wards: Urawa-ku, ...
, with more than 170 branches in Japan
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...
. Overseas branches included Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
, London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
, New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
, Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
and Brussels
Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...
.
In 1990, the bank's financial instability was revealed. Its directors were alleged to have mismanaged corporate assets and breached fiduciary duties by purchasing a large block of stock in a Japanese manufacturing company at what were grossly inflated prices.
In 1991, Kyowa Bank and Saitama Bank merged to form one of the world's largest banks with deposits totaling about $177 billion. This was construed as triggering reorganization of Japan's banking industry. In 1992, the combined banks were renamed Asahi Bank
() is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headq ...
; and this bank merged with Daiwa Bank
() is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headq ...
in 2002.
In 2002, corporate restructuring established Resona Holdings
() is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headq ...
and the Saitama Resona Bank.Resona HoldingsMajor Group Companies
retrieved 2011-07-18
See also
*List of banks in Japan
This is a list of banks in Japan.
Central Bank
* Bank of Japan
Governmental institutions
National institutions
Current
* Development Bank of Japan (DBJ; )
* Japan Finance Corporation (JFC; )
** Japan Bank for International Cooperation (J ...
* Dai-Ichi Kangyo Bank
, abbreviated as , was one of the largest banks in the world during the latter third of the 20th century. It was created in 1971 by merger of Dai-Ichi Bank, Japan's oldest bank, and Nippon Kangyo Bank, a state financial institution that granted ...
* Kiyoshi IzawaGM,CBD
Notes
References
* Nussbaum, Louis-Frédéric and Käthe Roth. (2005)''Japan encyclopedia.''
Cambridge:
Harvard University Press
Harvard University Press (HUP) is an academic publishing house established on January 13, 1913, as a division of Harvard University. It is a member of the Association of University Presses. Its director since 2017 is George Andreou.
The pres ...
. {{ISBN, 978-0-674-01753-5OCLC 58053128
External links
Resona Holdings, Inc.
United States Court of Appeals for the Ninth Circuit, July 25, 1991
940 F2d 670
*
New York State Banking Department
The New York State Banking Department was created by the New York Legislature on April 15, 1851, with a chief officer to be known as the Superintendent. The New York State Banking Department was the oldest bank regulatory agency in the United Stat ...
Saitama Bank, Ltd.
Regional banks of Japan