Tokai Bank
The Tokai Bank was a leading commercial bank in Japan, based in
Overview
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The Tokai (lit. 'East Sea', namely the Sea of Japan) Bank was established in 1941, before Japan's entry into World War II though well into the Second Sino-Japanese War. It resulted from the merger of three smaller banks of roughly equal size, namely the Ito Bank (est. 1881), Nagoya Bank (est. 1882), and Aichi Bank (est. 1896), all three based in Nagoya. The latter was itself the continuation of the Eleventh National Bank, originally established in 1877 under the system of National Banks in Meiji Japan (not to be confused with a later bank also named Aichi Bank).[2]
After the war ended, the Tokai Bank was deemed by the Allied occupation authorities not to have contributed significantly to the war effort, and was thus permitted to keep its management and its name. In 1947 it obtained a foreign exchange license. In 1962, under new legislation, Tokai Bank separated its trust banking operations as the Chuo Trust & Banking Company. It opened offices in
In 2000, Tokai Bank initially entered talks with Sanwa Bank and
See also
References
- ^ Kennedy, Sam (June 28, 2001). "Sanwa, Tokai to Merge Under New Name". Los Angeles Times. Archived from the original on April 18, 2015. Retrieved April 9, 2015.
- ^ a b "The Tokai Bank, Ltd". Encyclopedia.com.
- ^ Dvorak, Phred (June 16, 2000). "Asahi Exits Three-Way Bank Deal, Leaving Sanwa, Tokai to Clean Up". The Wall Street Journal. Archived from the original on April 16, 2015. Retrieved April 9, 2015.
Sources
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