Shonai Bank
Encyclopedia
is a Japanese bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 that is headquartered in Tsuruoka, Yamagata Prefecture
Yamagata Prefecture
-Fruit:Yamagata Prefecture is the largest producer of cherries and pears in Japan. A large quantity of other kinds of fruits such as grapes, apples, peaches, melons, persimmons and watermelons are also produced.- Demographics :...

.

The bank is relatively small, even among Japanese regional banks, and operates primarily in Yamagata, though it also operate branches in Sendai
Sendai, Miyagi
is the capital city of Miyagi Prefecture, Japan, and the largest city in the Tōhoku Region. In 2005, the city had a population of one million, and was one of Japan's 19 designated cities...

, Tomiya
Tomiya, Miyagi
is a town located in Kurokawa District, Miyagi, Japan.Tomiya was a post station during the feudal age for travelers resting in between the towns of Yoshioka and Sendai.As of 2006, the town has an estimated population of 42,982. The total area is 49.13 km²....

, Fukushima
Fukushima, Fukushima
is the capital city of Fukushima Prefecture in the Tōhoku Region of Japan. As of May 2011 the city has an estimated population of 290,064 and an area of 746.43 km².It lies about 250 km north of Tokyo and 80 km south of Sendai.-History:...

, Akita
Akita, Akita
is the capital city of Akita Prefecture in the Tohoku region of Japan.As of June 11, 2005, with the merger of the former Kawabe District , the city has an estimated population of 323,310 and density of...

 in neighboring prefectures, as well as in the capital of Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...

. 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
Holidays of Japan
Public holidays in Japan were established by the of 1948 .A provision of the law establishes that when a national holiday falls on a Sunday, the next working day shall become a public holiday, known as . Additionally, any day that falls between two other national holidays shall also become a...

 at all its branches.

Profile

As of March 31, 2005
Assets: Approximately 737 billion yen (approximately 6.7 billion USD)
Employees: 764
Branches: 73
President: Satoru Machida
Member: Regional Banks Association of Japan

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.
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