Bank of Yokohama

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The Bank of Yokohama, Ltd.
Native name
株式会社横浜銀行
Romanized name
Kabushiki Kaisha Yokohama Ginkō
Type Public K.K.
TYO: 8332 (until March 2016)
Industry Banking, Financial services
PredecessorDai-Ni Bank, Meiwa Bank, Kamakura Bank
FoundedDecember 16, 1920;100 years ago (1920-12-16)
Headquarters,
Number of locations
615 (Mar. 2016)
Key people
Kenichi Kawamura (President)
AUM ¥12,635.2 billion (Mar. 2016)
Total assets ¥15,268.9 billion (Mar. 2016)
Number of employees
4,687 (2016)
Parent Concordia Financial Group (TYO: 7186)
TOPIX Large 70 Component
Subsidiaries Subsidiaries of Bank of Yokohama
Website boy.co.jp (en)

The Bank of Yokohama, Ltd. (BOY; 株式会社横浜銀行, Kabushiki kaisha yokohama ginkō) is the largest regional bank in Japan, operating mainly in Kanagawa Prefecture and southwestern Tokyo. It currently operates 610 offices in Japan and five offices overseas (Shanghai, Hong Kong, Bangkok, New York and London). [1]

Contents

History

Bank of Yokohama Headquarters Bank of Yokohama Headquarters -01.jpg
Bank of Yokohama Headquarters

The bank was founded in 1920 as a regional bank to serve customers in Kanagawa Prefecture 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. [2]

In 2015, Bank of Yokohama announced a merger with the smaller Higashi-Nippon Bank to create Concordia Financial Group, the largest regional bank holding company in Japan. [3] 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 stock market index. [4]

Group Companies

See also

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References

  1. "Corporate Data|The Bank of Yokohama". www.boy.co.jp. Retrieved 2016-11-29.
  2. "横浜銀行の歴史|会社情報|横浜銀行". www.boy.co.jp. Archived from the original on 2016-11-29. Retrieved 2016-11-29.
  3. "Bank of Yokohama says to merge with smaller Japan regional bank". Reuters. 2016-09-08. Retrieved 2016-11-29.
  4. "Changes to the Nikkei Indices" (PDF).