Shonai Bank

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Shonai Bank
Public
Traded asTYO: 8347
IndustryFinancial services
FoundedDecember 1, 1878 (1878-12-01)
HeadquartersTsuruoka, Japan
Number of locations
73 branches
Area served
Tōhoku region
Key people
Satoru Machida (president)
Total assets737 billion yen (approximately 6.7 billion USD) (2005)
Number of employees
764 full time; 1380 total
Websitewww.shonai.co.jp

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; it operates primarily in Yamagata, though it also operates 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[edit]

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.

External links[edit]