Hokkaido Bank
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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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