Native name 株式会社横浜銀行 Number of locations 615 (Mar. 2016) | Founded 16 December 1920 | |
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Traded as TYO: 8332 (until March 2016) Predecessor Dai-Ni Bank, Meiwa Bank, Kamakura Bank Total assets 15.27 trillion JPY (Mar. 2016) CEO Tatsumaro Terazawa (Jun 2011–) Assets under management 12.64 trillion JPY (Mar. 2016) | ||
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).
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History
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.
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. 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.