Type Public Industry Financial services Number of locations 73 Key person Satoru Machida | Traded as TYO: 8347 Founded 1 December 1878 Area served Tōhoku region Parent organization FIDEA Holdings Co. Ltd. | |
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Key people Satoru Machida (president) Total assets 737 billion yen (approximately 6.7 billion USD) (2005) Number of employees 764 full time; 1380 total Headquarters Tsuruoka, Yamagata Prefecture, Japan | ||
The Shonai Bank, Ltd. (株式会社 荘内銀行, Kabushikigaisha Shōnai Ginkō) is a Japanese regional bank that is headquartered in Tsuruoka, Yamagata Prefecture.
The bank is relatively small, even among Japanese regional banks, and operates primarily in Yamagata, though it also operate branches in Sendai, Tomiya, Fukushima, Akita in neighboring prefectures, as well as in the capital of Tokyo. In a departure from traditional Japanese banking practices, Shogin, as the bank is also known, maintains full teller-supported services on the weekends and holidays at all its branches.
History
The Shonai Bank can trace its roots to the Meiji era when The 67th National Bank was established in 1878. The bank has merged with other local institutions, adopting its present name in 1941 through a merger with the Kazama Bank, the Tsuruoka Bank, and the Dewa Bank.
On March 9, 2004, the government-sponsored Shoko Chukin Bank, a financial institution that provides credit and loans to small and medium-sized enterprises, announced that it would carry out limited business cooperation with the Shonai Bank in order to serve the small and medium enterprises of that area.