Joyo Bank
The Joyo Bank, Ltd. (常陽銀行 in Japanese) is a Japanese regional bank that is headquartered in Mito city, Ibaraki prefecture. The bank is relatively large among Japanese regional lenders, and operates branches throughout the Kanto region. In addition to branches in Miyagi, Fukushima, Chiba, Saitama, Tokyo, and Osaka prefectures, the bank also operates a representative office in Shanghai. While the bank has many stakeholders, prominent shareholders include the Bank of Tokyo-Mitsubishi, along with several major Japanese insurance companies
Profile
As of March 31, 2005
- Assets: Approximately 6.1 trillion yen (approximately USD 56 billion)
- Employees: 3,512
- Branches: 145 branches, 25 sub-branches, 1 overseas representative office
- President: Kunio Onizawa
- Member: Regional Banks Association of Japan
History
The Joyo Bank can trace its roots back to the Meiji era in 1878 with the establishment of the Goju Bank and the Tokiwa Bank. These two institutions merged on July 30, 1935 to form the Joyo Bank. The year 2005 saw the 75th anniversary of this event. The bank has merged with several other regional banks over the next decade. During the 1980s and 1990s, the Joyo Bank opened up representative offices in major markets such as New York (1987 – 2002), London (1982 – 2000), Hong Kong (1994 – 1999), and Shanghai (est. 1996). Among these, the only the Shanghai office remains.
External links
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