() is a Japanese regional bank headquartered in

Sendai is the capital Cities of Japan, city of Miyagi Prefecture, the largest city in the Tōhoku region. , the city had a population of 1,091,407 in 525,828 households, and is one of Japan's 20 Cities designated by government ordinance of Japan, desig ...

Miyagi Prefecture is a prefecture of Japan located in the Tōhoku region of Honshu. Miyagi Prefecture has a population of 2,305,596 (1 June 2019) and has a geographic area of . Miyagi Prefecture borders Iwate Prefecture to the north, Akita Prefecture to the nort ...

. As the designated financial institution of the prefecture, the city, and many other cities and towns throughout the prefecture, it performs duties such as holding deposits for public money and handling payments. It is also the biggest regional bank 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 ...

. The 77 Bank is unique among other Tōhoku region banks in operating branches in

Nagoya is the largest city in the Chūbu region, the fourth-most populous city and third most populous urban area in Japan, with a population of 2.3million in 2020. Located on the Pacific coast in central Honshu, it is the capital and the most pop ...

and

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of 2. ...

. It also runs a representative office in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

. Following criticism for lagging behind in the establishment of a cooperative ATM network, the bank is scheduled to enter into an agreement with two other

convenience store A convenience store, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery ticket ...

operators within the prefecture in March, 2006.

Profile

As of March 31, 2014: :Assets: Approximately 8.234 trillion yen :Employees: 2,734 :Branches: 141 :President: Hiroshi Kamata (Chairman),
Teruhiko Ujiie (President) :Member: Regional Banks Association of Japan

History

The 77 Bank traces its origins to an 1872 law allowing for the establishment of banks in Japan. Having received approval from the Ministry of Finance in February, 1872, ''The 77th National Bank'' was established in September in

Miyagi prefecture is a prefecture of Japan located in the Tōhoku region of Honshu. Miyagi Prefecture has a population of 2,305,596 (1 June 2019) and has a geographic area of . Miyagi Prefecture borders Iwate Prefecture to the north, Akita Prefecture to the nort ...

, an area with very limited banking services at the time. The famous industrialist of the time and president of the First National Bank,

Shibusawa Eiichi was a Japanese industrialist widely known today as the "father of Japanese capitalism". He spearheaded the introduction of Western capitalism to Japan after the Meiji Restoration. He introduced many economic reforms including use of double-en ...

, took an interest in the development of the Tohoku region; he supported the fledgling bank through advice, provision of some of his own funds, and the supply of personnel from The First National Bank when The 77th National Bank was founded. The 77th National Bank changed its name to ''The 77 Bank, Ltd.'' in 1932, when it merged with the Tohoku Jitsugyo Bank and the Gojo Bank. Although The 77 Bank closed representative offices and branches in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

after the collapse of the bubble economy in the 1990s, it opened a representative office in

in July, 2005.

External links

* * Wiki collection of bibliographic works on The 77 Bank *
Google Finance
*

{{DEFAULTSORT:Seventy-seven Bank Companies based in Sendai Regional banks of Japan Companies listed on the Tokyo Stock Exchange Banks established in 1872 Japanese companies established in 1872