Akita Bank

The Akita Bank, Ltd.
株式会社秋田銀行
Type	Public KK
Traded as	TYO: 8343
Industry	Banking; financial services
Predecessor	The 48th Bank (January 20, 1879)
Founded	Akita, Japan
Headquarters	Akita, Japan (October 20, 1941)
Number of locations	98
Area served	Tōhoku region, Japan
Key people	Takao Minatoya (President)
Products	Retail Banking; Payday advance; Mortgages; Consumer Finance; Investment Banking
Net income	3.758 billion yen
Total assets	2,602.8 billion yen
Number of employees	1,481
Website	akita-bank.co.jp

Akita Bank head office

The Akita Bank, Ltd. (株式会社秋田銀行, Kabushiki-gaisha Akita Ginkō) (TYO: 8343) is a Japanese regional bank headquartered in the city of Akita, Akita Prefecture. Although the bank’s core business comes from Akita prefecture, various branches are situated outside of the area. These include Koriyama, Sapporo, Morioka, Sendai, and Tokyo. The bank was noted for its initial reluctance to establish a wide ATM network, finally implementing one in January 2003.

Profile[]

Total Assets: Approximately ¥2.6 trillion

SWIFT Code: AKITJPJT

Employees: 1,554

Branches: 98 (83 Within Akita Prefecture)

President: Takao Minatoya

Member: Regional Banks Association of Japan

History[]

The forerunner of the Aomori Bank was The 48th National Bank (第四十八国立銀行, Dai-Yonjūhachi Kokuritsu Ginkō), established January 20, 1879. The bank was privatized in January, 1889, becoming The 48th Bank (第四十八銀行, Dai-Yonjūhachi Ginkō). The former Akita branch of the First National Bank was dissolved in May 1896, becoming the Akita Bank. In March 1897, the Yuzawa Bank (湯沢銀行, Yuzawa Ginkō) was founded. These three banks merged on October 20, 1941, to form the present Akita Bank. The bank was listed on the second section of the Tokyo Stock Exchange from April 1973, and of the first section of the Tokyo Stock Exchange from April 1974. While the former mascot for the bank had been Woody Woodpecker (along with Winnie Woodpecker), the current mascot is Astro Boy.