Hokkaido Bank

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Description:
Hokkaido Bank (北海道銀行) 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.

Profile

As of March 31, 2005

Assets: Approximately 33.8 trillion yen (approximately USD 30.7 billion)
Employees: 1,902
Branches: 134
President: Yoshihiro Sekihachi
Member: Regional Banks Association of Japan


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 agreed to business tie-ups. Approximately one year later on May 23, 2003, the banks agreed to merge management. On September 1, 2004, both banks became subsidiaries of the Hokuhoku Financial Group.

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