The is a Japanese regional

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 ...

headquartered in

Aomori is the capital city of Aomori Prefecture, in the Tōhoku region of Japan. , the city had an estimated population of 278,964 in 136,457 households, and a population density of 340 people per square kilometer spread over the city's total area of ...

Aomori Prefecture is a prefecture of Japan in the Tōhoku region. The prefecture's capital, largest city, and namesake is the city of Aomori. Aomori is the northernmost prefecture on Japan's main island, Honshu, and is bordered by the Pacific Ocean to the east, ...

, in the

Tōhoku region The , Northeast region, or consists of the northeastern portion of Honshu, the largest island of Japan. This traditional region consists of six prefectures (''ken''): Akita, Aomori, Fukushima, Iwate, Miyagi, and Yamagata. Tōhoku retains a ...

of northern

Honshū , historically called , is the largest and most populous island of Japan. It is located south of Hokkaidō across the Tsugaru Strait, north of Shikoku across the Inland Sea, and northeast of Kyūshū across the Kanmon Straits. The island separa ...

. The Aomori Bank provides

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

for individual and corporate customers, including deposits, loans, securities trading and investment,

foreign exchange The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

, and bond underwriting and registration services as well as

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

services.

History

The forerunner of the Aomori Bank was , established January 20, 1879, in

Hirosaki is a city located in western Aomori Prefecture, Japan. On 1 April 2020, the city had an estimated population of 168,739 in 71,716 households, and a population density of . The total area of the city is . Hirosaki developed as a castle town fo ...

by the former ''

karō were top-ranking samurai officials and advisors in service to the ''daimyōs'' of feudal Japan. Overview In the Edo period, the policy of ''sankin-kōtai'' (alternate attendance) required each ''daimyō'' to place a ''karō'' in Edo and anoth ...

'' of

Hirosaki Domain Hirosaki Castle, the seat of the Hirosaki Domain , also known as , was a '' tozama'' feudal domain of Edo period JapanRavina, Mark. (1998) ''Land and Lordship in Early Modern Japan,'' p. 222 It is located in Mutsu Province, in northern Honshū ...

and many former ''

samurai were the hereditary military nobility and officer caste of medieval and early-modern Japan from the late 12th century until their abolition in 1876. They were the well-paid retainers of the '' daimyo'' (the great feudal landholders). They h ...

'' as a vehicle to invest the stipends issued by the new

Meiji government The was the government that was formed by politicians of the Satsuma Domain and Chōshū Domain in the 1860s. The Meiji government was the early government of the Empire of Japan. Politicians of the Meiji government were known as the Meiji o ...

in compensation for their loss in ''samurai'' status. The bank was

privatized Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

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 A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and man ...

following the 1929

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

. 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 The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed co ...

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 is a Japanese regional bank that is based out of Morioka, the capital of Iwate prefecture in the Tohoku region. The Morioka branch building, the site of the old ''Morioka Bank'', is a historic landmark in the prefecture. The bank has branches ...

and

Akita Bank () is a Japanese regional bank headquartered in the city of Akita, Akita Prefecture. Although the bank’s core business comes from Akita prefecture, various branches are situated outside of the area. These include Koriyama, Sapporo, Morioka, S ...

) 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.

References

External links

*
Official site
*

*
Google Finance
*

* Wiki collection of bibliographic works on Aomori Bank Companies based in Aomori Prefecture Regional banks of Japan Companies listed on the Tokyo Stock Exchange Banks established in 1879 Japanese companies established in 1879 {{asia-bank-stub

History

See also

References

External links