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

Fukushima may refer to: Japan * Fukushima Prefecture, Japanese prefecture ** Fukushima, Fukushima, capital city of Fukushima Prefecture, Japan ***Fukushima University, national university in Japan *** Fukushima Station (Fukushima) in Fukushima, Fukushim ...

, Fukushima Prefecture, 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 reta ...

of northern Honshū. Toho Bank provides financial services for individual and corporate customers, including deposits, loans, real estate, 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 ATM and

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 Toho Bank was established on November 4, 1941 by the merger of the Koriyama Commercial Bank with the Aizu Bank and Shirakawa Bank, with its head office in the city of Koriyama, Fukushima. In August 1942, the Miharu Bank, Inawashiro Bank and Iwase Industrial Bank were merged into the Toho Bank as part the Japanese government’s wartime consolidation of Japanese industries. In February 1943, the bank was further enlarged by merger with the Yabuki Bank, Tamura Entrepreneurial Bank and the Iwato Bank, and with the Fukushima Savings Bank in November 1944. The head office was relocated to the city of Fukushima in December 1946. The Toho 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 ...

from April 1973, and in the first section since February 1974. Like several other Japanese regional banks around the end of the Japanese

bubble economy An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be ...

, the Toho Bank opened up branches in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

and

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

in 1990 and 1992, respectively. Both of these branches were closed in the late 1990s. While the bank has recently made advances in reducing its burden of non-performing loans and increasing its capital-adequacy ratio, it has recently been cited by the Japanese

Financial Services Agency The is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operate ...

for excessive incidences of misplacing customer information.
Nikkei article over Toho’s loss of customer information]

External links

*
Official site
*
Google Finance
*

Notes

Companies based in Fukushima Prefecture Regional banks of Japan Companies listed on the Tokyo Stock Exchange Banks established in 1941 Japanese companies established in 1941 Fukushima (city) {{asia-bank-stub

History

See also

External links

Notes