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Hokkaido Bank
is a Japanese bank that is headquartered in Sapporo, Hokkaidō. The Hokkaido Bank is a subsidiary of the Hokuhoku Financial Group as a result of a merger with the Hokuriku Bank on September 1, 2004. The Hokkaido Bank has 134 domestic branches, with 131 of them in Hokkaidō, and one each in the Tohoku region, Tokyo, and Osaka. History The Hokkaido Bank was established on March 5, 1951 in Sapporo. In 1997, Hokkaido Bank entered into merger talks with the embattled Hokkaido Takushoku Bank. However, these talks broke off and Hokkaido Takushoku Bank subsequently entered bankruptcy. On May 24, 2002, Hokkaido Bank and Hokuriku Bank is a Japanese regional bank headquartered in Toyama, Toyama; '' Hokoriku'' refers to a greater region in Japan that encompasses Fukui, Ishikawa, and Toyoma prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto, Osaka, ... agreed to business tie-ups. Approximately one year later on May 23, 2003, the banks agreed to m ...
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Sapporo
( ain, サッ・ポロ・ペッ, Satporopet, lit=Dry, Great River) is a city in Japan. It is the largest city north of Tokyo and the largest city on Hokkaido, the northernmost main island of the country. It ranks as the fifth most populous city in Japan. It is the capital city of Hokkaido Prefecture and Ishikari Subprefecture. Sapporo lies in the southwest of Hokkaido, within the alluvial fan of the Toyohira River, which is a tributary stream of the Ishikari. It is considered the cultural, economic, and political center of Hokkaido. As with most of Hokkaido, the Sapporo area was settled by the indigenous Ainu people, beginning over 15,000 years ago. Starting in the late 19th century, Sapporo saw increasing settlement by Yamato migrants. Sapporo hosted the 1972 Winter Olympics, the first Winter Olympics ever held in Asia, and the second Olympic games held in Japan after the 1964 Summer Olympics. Sapporo is currently bidding for the 2030 Winter Olympics. The Sapporo Dome host ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Hokkaido Takushoku Bank
, literally ''Hokkaidō Exploitation Bank'', was a major commercial bank in Japan, founded in 1899 as a "Special Bank" to promote capitalism on the island of Hokkaidō. Its nickname was ; it was also known in the media and business world as . It was the City Bank in its stronghold of Hokkaidō until it went bankrupt in November 1997, and the following year it transferred its business to the , which is another bank in Hokkaidō, and others. Its unified financial institution code was 0012. Early history On the announcement of the "agriculture and industry banking law" in 1896, "agriculture and industry banks" were set up in 46 prefectures throughout Japan. Hokkaidō was thought to be in the forefront as a prime candidate for economic exploitation, and instead of an agriculture and industry bank, a special "national policy bank" was deemed necessary. For this purpose, the Hokkaidō Takushoku Bank was established in 1899, and was incorporated as a "special bank" on February 2, 1900, pro ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ...
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Hokkaido Bank Main Office
is Japan, Japan's Japanese archipelago, second largest island and comprises the largest and northernmost Prefectures of Japan, prefecture, making up its own List of regions of Japan, region. The Tsugaru Strait separates Hokkaidō from Honshu; the two islands are connected by the undersea railway Seikan Tunnel. The largest city on Hokkaidō is its capital, Sapporo, which is also its only Cities designated by government ordinance of Japan, ordinance-designated city. Sakhalin lies about 43 kilometers (26 mi) to the north of Hokkaidō, and to the east and northeast are the Kuril Islands, which are administered by Russia, though the four most southerly are Kuril Islands dispute, claimed by Japan. Hokkaidō was formerly known as ''Ezo'', ''Yezo'', ''Yeso'', or ''Yesso''.Louis Frédéric, Nussbaum, Louis-Frédéric. (2005). "Hokkaidō" in Although there were Japanese settlers who ruled the southern tip of the island since the 16th century, Hokkaido was considered foreign territo ...
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Osaka Prefecture
is a Prefectures of Japan, prefecture of Japan located in the Kansai region of Honshu. Osaka Prefecture has a population of 8,778,035 () and has a geographic area of . Osaka Prefecture borders Hyōgo Prefecture to the northwest, Kyoto Prefecture to the north, Nara Prefecture to the southeast, and Wakayama Prefecture to the south. Osaka is the capital and largest city of Osaka Prefecture, and the List of cities in Japan, third-largest city in Japan, with other major cities including Sakai, Higashiōsaka, and Hirakata. Osaka Prefecture is the third-most-populous prefecture, but by geographic area the second-smallest; at it is the second-most densely populated, below only Tokyo. Osaka Prefecture is one of Japan's two "Fu (country subdivision), urban prefectures" using the designation ''fu'' (府) rather than the standard ''Prefectures of Japan#Types of prefecture, ken'' for prefectures, along with Kyoto Prefecture. Osaka Prefecture forms the center of the Keihanshin metropolitan ar ...
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Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 million residents ; the city proper has a population of 13.99 million people. Located at the head of Tokyo Bay, the prefecture forms part of the Kantō region on the central coast of Honshu, Japan's largest island. Tokyo serves as Japan's economic center and is the seat of both the Japanese government and the Emperor of Japan. Originally a fishing village named Edo, the city became politically prominent in 1603, when it became the seat of the Tokugawa shogunate. By the mid-18th century, Edo was one of the most populous cities in the world with a population of over one million people. Following the Meiji Restoration of 1868, the imperial capital in Kyoto was moved to Edo, which was renamed "Tokyo" (). Tokyo was devastate ...
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Hokuriku Bank
is a Japanese regional bank headquartered in Toyama, Toyama; '' Hokoriku'' refers to a greater region in Japan that encompasses Fukui, Ishikawa, and Toyoma prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto, Osaka, Niigata, Nagano, Tokyo, Kanagawa, Gifu, Aichi, and Hokkaidō. The bank also operates overseas representative offices in Shanghai, Singapore, and New York City. The Hokuriku Bank is a subsidiary of the Hokuhoku Financial Group. History Hokuriku Bank was established in 1877 in Toyama. In 2003 the Hokuriku Bank altered its management structure to a holding company, creating the ''Hokugin Holding Company''. On September 1, 2004 Hokoriku merged with Hokkaido Bank, and Hokugin Holding Company was renamed ''Hokuhoku Financial Group.'' Taken as a single entity, the holding company is the second largest regional bank in Japan in terms of assets, behind Yokohama Bank. Financial Issues As is the case with many banks in Japan, Hokuriku Bank i ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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