is the largest
regional bank
A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but smaller than a national bank, which operates either nationally or intern ...
in
Japan, operating mainly in
Kanagawa Prefecture
is a prefecture of Japan located in the Kantō region of Honshu. Kanagawa Prefecture is the second-most populous prefecture of Japan at 9,221,129 (1 April 2022) and third-densest at . Its geographic area of makes it fifth-smallest. Kanag ...
and southwestern
Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and List of cities in Japan, largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, ...
. It currently operates 610 offices in Japan and five offices overseas (Shanghai, Hong Kong, Bangkok, New York and London).
History
The bank was founded in 1920 as a regional bank to serve customers in
Kanagawa Prefecture
is a prefecture of Japan located in the Kantō region of Honshu. Kanagawa Prefecture is the second-most populous prefecture of Japan at 9,221,129 (1 April 2022) and third-densest at . Its geographic area of makes it fifth-smallest. Kanag ...
and southwestern Tokyo. It was formed in the wake of the collapse of several existing banks in the region, one of which (Dai-Ni Bank) began operations in 1869 as Yokohama Bank (横浜為替会社), the first modern financial institution in Japan; consequentially, Bank of Yokohama claims to have the longest history of any Japanese bank.
In 2015, Bank of Yokohama announced a merger with the smaller
Higashi-Nippon Bank to create
Concordia Financial Group
Concordia may refer to:
* Concordia (mythology), the Roman goddess who embodies agreement in marriage and society
Businesses and organizations Educational institutions
* Concordia University (disambiguation), for Concordia University, Conco ...
, the largest regional
bank holding company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well.
United States ...
in Japan. Upon completion of this transaction in March 2016, Bank of Yokohama was de-listed, and Concordia took its place as a constituent of the
Nikkei 225
The Nikkei 225, or , more commonly called the ''Nikkei'' or the ''Nikkei index'' (), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the '' Nihon Keizai Shimbun'' (''The Nikkei'') newspaper since 1950 ...
stock market index.
Group Companies
* Hamagin Tokai Tokyo Securities
* Hamagin Research Institute
* Hamagin Finance
* Yokohama Capital
* Yokohama Guarantee
* Yokohama Staff Service
* Yokohama Operation Service
* Hamagin Mortgage Service
* Hamagin Business Operations Center
* Bankcard Service Japan
See also
*
Loans in Japan
References
External links
* Wiki collection of bibliographic works on Bank of Yokohama
Regional banks of Japan
Companies based in Yokohama
Companies listed on the Tokyo Stock Exchange
Companies based in Kanagawa Prefecture
Banks established in 1920
Japanese brands
Japanese companies established in 1920
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